Oxford PV

What Oxford PV does

Oxford PV is a UK-headquartered perovskite photovoltaic company founded in 2010 as a spin-out from the University of Oxford, focused on developing and manufacturing perovskite-on-silicon tandem solar cells. The core technology stacks a thin perovskite-based cell on top of a conventional silicon cell so that the two materials absorb different parts of the solar spectrum — perovskite capturing higher-energy blue light and silicon capturing lower-energy red light — enabling module efficiencies that exceed the limits of silicon-only panels. Oxford PV manufactures in Brandenburg an der Havel, Germany, where its pilot line is ISO 9001/14001/50001 certified and currently sized at 20MW for specialty products.

The company's commercial portfolio spans two tracks. The Mainstream line targets utility-scale solar farms, commercial and industrial buildings, and residential rooftops with tandem modules currently at 25% efficiency and a roadmap to 27% by 2027, 30% by 2030, and 35% by 2035. The Specialty line — branded as Pegasus Space, Pegasus Air, and Pegasus Move, powered by HyPERcell™ cells at 28% efficiency — addresses satellites, high-altitude platform systems (HAPS), and electric vehicles. Oxford PV monetizes through a dual model: direct module sales from its Brandenburg facility and non-exclusive patent licensing of its 400+ granted patents to tier-1 c-Si manufacturers, including First Solar (US market) and Trina Solar. The firm is led by CEO David Ward, with Prof. Henry Snaith as co-founder and Chief Scientific Advisor, and is backed by Equinor Ventures, Legal & General, Goldwind, and Sloane Robinson.

Name

Oxford PV

Legal name

Oxford Photovoltaics Limited

Website

https://oxfordpv.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Oxford PV develops and manufactures perovskite-on-silicon tandem solar cells, serving utility-scale solar, C&I/residential buildings, aerospace, and EV markets via direct module sales and a non-exclusive patent licensing model targeting tier-1 solar manufacturers.

Ownership category

akta.pro rank

Product category

Photovoltaic Cells and Modules

NAICS

Electric Lamp Bulb and Other Lighting Equipment Manufacturing (335139)

SIC

Motors & Generators (3621)

akta.pro primary industry

Next-Gen Photovoltaics R&D (Perovskite, Tandem, Organic, BIPV Materials) (EUAMAOAA)

akta.pro secondary industries

Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD), Space Power Systems (Solar Arrays, Batteries, EPS) (IMABACAH)

Keywords

• Perovskite solar cells
• Tandem photovoltaic modules
• Solar cell manufacturing
• Photovoltaic technology licensing
• Renewable energy solutions

Headquarters

HQ city

Oxford

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Operations, Personnel, Supply Chain, Infrastructure

Revenue model

1. Solar Module Sales: Oxford PV manufactures and sells perovskite-on-silicon tandem solar modules directly to customers. The company achieved the world's first commercial delivery of tandem solar modules, shipping pilot volumes to early customers in the US from late 2024.
2. Patent Licensing: Oxford PV licenses its perovskite technology patents to other solar manufacturers. Non-exclusive licensing agreements with First Solar (US market) and Trina Solar enable broader market adoption while generating licensing revenue.
3. Technology Licensing and IP Access: The company operates a business model combining in-house manufacturing with strategic licensing agreements, positioning perovskite PV as a terawatt market opportunity.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Oxford PV designs, manufactures and sells perovskite-on-silicon tandem solar cells and modules, and licenses its perovskite PV patent portfolio. Its Mainstream modules deliver at least 20% more power than conventional silicon panels, while Specialty HyPERcell™-based products serve satellites, HAPS and electric vehicles. The company operates a 20MW Brandenburg production line and licenses its 400+ patent portfolio to leading solar manufacturers.

Product overview

Oxford PV offers a portfolio of perovskite-silicon tandem solar products and licensing services. The Mainstream product line serves utility-scale solar farms, commercial buildings, and residential rooftops with 25% efficiency modules (roadmap to 30% by 2030). The Specialty product line includes Pegasus Space (satellites), Pegasus Air (HAPS), and Pegasus Move (EVs), powered by HyPERcell™ tandem cells achieving 28% efficiency. The company also licenses its 400+ patent perovskite portfolio to other manufacturers. Recent launches include a 25.6% efficiency module with Matrix Shingle technology (June 2026), 26.9% efficiency residential module (June 2024), and the world's first commercial delivery of tandem modules (September 2024). Oxford PV was founded in 2010 as a spin-out from Oxford University.

Differentiator

Problem solved

Functional benefit

Brands

• Pegasus Space: Leading tandem solar product for satellites.
• Pegasus Air
• Pegasus Move
• HyPERcell

Products and services

• Perovskite-Silicon Tandem Solar Modules (Mainstream) High-efficiency solar modules combining perovskite and silicon cell technology, delivering at least 20% more power than conventional panels. Currently achieving 25% module efficiency with roadmap to 27% by 2027 and 30% by 2030. Targets utility-scale solar farms, commercial buildings, and residential rooftops.
• Pegasus Space Leading tandem solar product designed for satellite applications, offering optimal power-to-area and power-to-weight ratios for space-based solar energy generation. Powered by HyPERcell™ tandem cells achieving 28% efficiency.
• Pegasus Air Tandem solar solution for High Altitude Platform Systems (HAPS), enabling connectivity and communication for remote regions with maximum power output per weight. Powered by HyPERcell™ tandem cells.
• Pegasus Move Tandem solar product line for electric vehicles, enabling longer range and reduced emissions by providing higher power output per surface area compared to conventional solar. Powered by HyPERcell™ tandem cells.
• HyPERcell™ Specialty Solar Cells Oxford PV's proprietary perovskite-silicon tandem solar cell brand used across specialty applications including satellites, HAPS, and electric vehicles. Achieves 28% cell efficiency with power-to-weight ratio exceeding 1.2 W/g.
• Perovskite PV Patent Licensing Program Licensing program offering access to Oxford PV's comprehensive perovskite patent portfolio covering materials, manufacturing processes, cell architectures, and products. Includes 400+ granted patents and 45+ key patents for perovskite PV commercialization. Non-exclusive agreements signed with First Solar (US market) and Trina Solar.
• Matrix Shingle Tandem Modules Perovskite-silicon tandem modules using Fraunhofer ISE's Matrix Shingle interconnection technology. Glass-glass construction with edge sealing. 491W rooftop module (1.92 m²) and 546W bifacial module (2.13 m²) both achieving 25.6% efficiency. Uses lead-free conductive adhesives with improved partial shading tolerance.
• 26.9% Efficiency Residential Solar Module 60-cell residential perovskite-silicon tandem module achieving 26.9% efficiency, with a double-glass construction weighing less than 25 kg on just over 1.6 m². Ideal for rooftop and balcony applications, certified by Fraunhofer CalLab.

Quantifiable outcome

• 20% more clean energy generation compared to conventional silicon panels without additional land requirements
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Fraunhofer ISEcoreStrategic or Co-development Partner · 18 June 2026Collaboration combining Oxford PV's perovskite-silicon tandem cells with Fraunhofer ISE's Matrix Shingle interconnection technology. Produced photovoltaic modules achieving 25.6% efficiency across full surface area. Developed a 491W rooftop module (1.92 m²) and 546W bifacial module (2.13 m²). The HoTSun research project, funded by Germany's Federal Ministry for Economic Affairs and Energy, supported this development.
• APC (Advanced Propulsion Centre)minorStrategic or Co-development Partner · 15 April 2026Oxford PV joined APC-backed SUITE project (funded by UK Government) to develop EV-integrated solar technologies including vehicle-integrated solar panels, intelligent charging management systems, and bidirectional Vehicle-to-Grid charging.
• Nissan Technical Centre EuropeminorStrategic or Co-development Partner · 15 April 2026Lead partner in £10 million UK Government-backed Project SUITE, which aims to develop smart EV charging technologies including vehicle-integrated solar panels. Oxford PV contributes perovskite expertise for solar-powered EVs.
• First SolarcoreOEM/ Whitelabel/ Licensing Partner · 24 February 2026Non-exclusive patent licensing agreement granting First Solar access to Oxford PV's existing and pending perovskite-related patents for development and potential commercialization in US utility-scale, commercial and industrial, and residential markets. Excludes crystalline silicon semiconductors. First Solar operates a perovskite development line in Ohio and is building a sixth US factory in South Carolina.
• Solar Interfaces GmbHminorStrategic or Co-development Partner · 1 December 2025Acquired by Oxford PV in December 2025 as part of strategy to advance next-generation solar cell capabilities and strengthen technology portfolio.
• Trina SolarcoreOEM/ Whitelabel/ Licensing Partner · 9 April 2025Patent licensing agreement for perovskite PV patents announced in April 2025, expanding Oxford PV's licensing partnerships to include one of China's leading solar manufacturers.
• Ultra Low-Carbon Solar Alliance (ULCSA)minorStrategic or Co-development Partner · 1 April 2024Oxford PV joined ULCSA to build understanding of product design requirements and standards, particularly for the US market. Alliance promotes low-carbon solar manufacturing and sustainable supply chains.

Scale indicators8 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• First Solar: Leading US thin-film (CdTe) solar manufacturer and Oxford PV's non-exclusive licensee for US utility, C&I, and residential markets. Operates a perovskite development line in Ohio and is building a sixth US factory — both a partner and a competing developer of tandem technology.
• Trinasolar: One of the world's largest solar module manufacturers and Oxford PV's patent licensee since April 2025. Trina is also pursuing its own perovskite tandem roadmap, making it both customer and competitor in tandem modules.
• LONGi Green Energy: World's largest silicon wafer and module producer with active perovskite-silicon tandem R&D programs. Represents the dominant silicon incumbent that Oxford PV's tandem technology ultimately targets and competes with.
• Hanwha Qcells: Major global solar module manufacturer pursuing tandem and next-gen cell roadmaps. Comparable as a downstream customer/competitor that could license or internally develop tandem technology.
• JinkoSolar: One of the largest global solar module suppliers with active perovskite tandem R&D and TOPCon-based products. Represents another potential licensee or internal tandem competitor to Oxford PV.

Direct peers

• Swift Solar: US-based perovskite tandem solar startup developing lightweight, high-efficiency perovskite-on-silicon cells for aerospace and terrestrial markets. Closest direct peer to Oxford PV in perovskite tandem cell architecture and target segments.
• Saule Technologies: Polish perovskite solar cell company specializing in inkjet-printed flexible perovskite cells for BIPV and IoT applications. Competes with Oxford PV in the broader perovskite commercialization race.
• C3S Solar: Australia-based perovskite-silicon tandem solar cell developer with manufacturing focus. Direct competitor in perovskite tandem architecture and a relevant peer for Oxford PV's commercialization trajectory.
• Microquanta Semiconductor: Chinese perovskite solar cell developer that operates one of the first commercial-scale perovskite production lines. Directly comparable to Oxford PV as a perovskite manufacturer moving from R&D to commercial shipments.

Emerging players

• Caelux: Perovskite tandem technology company acquired by First Solar to accelerate CdTe-perovskite tandem development. Closely comparable to Oxford PV in tandem cell focus, but now embedded within a large thin-film incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@oxfordpv2023
• LinkedInlinkedin.com/company/oxfordpv
• Xx.com/solarglazingOPV
• Facebookfacebook.com/686395561378904

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds10 records

Investors10 records

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oxford PV