What Verde Technologies does

Verde Technologies is a privately held U.S. materials-science company founded in 2021 and headquartered in Burlington, Vermont, developing ultra-thin, flexible perovskite solar cells for space and defense applications, with secondary ambitions in terrestrial lightweight-power markets. Its core technology is a perovskite thin-film architecture deposited via roll-to-roll manufacturing, which the company has demonstrated at pilot scale (200 ft of perovskite inks, 30 inches wide) with over 24% power conversion efficiency. Verde's product narrative centers on three quantifiable advantages versus incumbents: roughly 50x higher power-to-mass ratio than silicon, approximately 1000x greater radiation tolerance to 50 keV protons, and a claimed ~100x lower cost pathway versus III-V space solar cells.

The company sells solar cell hardware directly to enterprise customers in the space and defense verticals, using a partnership-focused B2B go-to-market motion rather than consumer or channel sales. Revenue mechanics are not publicly disclosed, pricing is custom-quoted, and no customer logos are named in available source material. The company is pre-commercial at scale, operating with 1-10 employees and standing up its first pilot manufacturing line in 2025.

Verde's competitive position rests on proprietary process know-how, a concentrated perovskite talent bench, and validation from U.S. federal agencies (DOE Perovskite Startup Prize grand prize in 2024; backing from DOE, DOD, and NSF). In 2025, leadership was restructured with Jean-Noël Poirier (ex-Honeywell, First Solar, Global Solar Energy) named CEO and co-founder Chad Miller transitioning to CTO, signaling a commercial-scale-up posture. The company has raised approximately $5.45M across disclosed rounds from 2022 through January 2026, supplemented by government grants.

Name

Verde Technologies

Legal name

Verde Technologies

Website

https://verde-technologies.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Verde Technologies is a Vermont-based startup developing ultra-thin, flexible perovskite solar cells using roll-to-roll manufacturing for space and defense customers, claiming 50x higher power-to-mass ratio and 1000x greater radiation tolerance than silicon. The company is pre-commercial, operating at pilot scale with 1-10 employees and government backing.

Ownership category

akta.pro rank

Product category

Perovskite Solar Cells

NAICS

Electrical Equipment Manufacturing (3353)

SIC

Semiconductors & Related Devices (3674), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

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

akta.pro secondary industries

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

Keywords

• Perovskite solar cells
• Thin-film solar panels
• Flexible photovoltaics
• Space-grade solar technology
• Radiation-hardened solar cells

Headquarters

HQ city

Burlington

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Solar Cell Hardware Sales: Sale of perovskite solar panels and cells to space, defense, and emerging power markets. The company manufactures solar cells for applications where lightweight, high-efficiency power generation is critical.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Verde Technologies manufactures thin-film, flexible perovskite solar cells and panels engineered for space, defense, and future terrestrial applications. The cells deliver roughly 50x the power-to-mass ratio of conventional silicon photovoltaics, greater than 1000x radiation tolerance, and certified efficiencies exceeding 24%, produced through roll-to-roll manufacturing.

Product overview

Verde Technologies offers a single core product: perovskite solar panels based on ultra-thin film technology. The company focuses on roll-to-roll manufacturing scalability, targeting space and defense markets first with plans for terrestrial applications. Verde's perovskite solar technology provides 50× higher power-to-mass than conventional silicon, 100× lower cost potential than III-V space solar solutions, rollable/flexible deployment, and demonstrated >24% power conversion efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• Perovskite Solar Cells and Panels Thin-film, flexible perovskite solar cells and panels that deliver a 50x power-to-mass advantage over silicon cells, greater than 1000x radiation tolerance, and certified efficiencies above 24%. Sold to space and defense customers for satellites, spacecraft, and terrestrial applications requiring lightweight, high-efficiency power generation.

Quantifiable outcome

• 50x higher power-to-mass ratio compared to conventional silicon
• +4 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Caelux: Caelux develops perovskite-silicon tandem solar cells for space and terrestrial applications, directly competing with Verde in the perovskite-based, high-efficiency cell space market.
• Swift Solar: Swift Solar is a U.S. perovskite tandem solar cell startup developing lightweight, high-efficiency thin-film solar — a direct technical competitor to Verde's perovskite thin-film approach.
• Oxford PV: Oxford PV commercializes perovskite-silicon tandem solar cells, sharing Verde's perovskite technology focus and target markets including high-efficiency and emerging applications.

Broad incumbents

• First Solar: First Solar is the world's largest thin-film (CdTe) solar manufacturer and a clear adjacent incumbent. Verde's CEO previously worked there, and First Solar's scale and experience in thin-film manufacturing set the benchmark Verde is aiming to enter.
• Spectrolab (Boeing): Spectrolab is the dominant supplier of high-efficiency III-V space solar cells. Verde's positioning as a lightweight, lower-cost alternative directly targets Spectrolab's space solar customer base.
• SolAero (Rocket Lab): SolAero, now part of Rocket Lab, manufactures III-V multi-junction space solar cells and is an entrenched supplier to commercial and government space programs — a primary incumbent Verde is targeting to displace.
• Azur Space Solar Power: Azur Space is a leading European manufacturer of III-V multi-junction space solar cells, competing with Verde for space solar programs globally.

Emerging players

• MicroLink Devices: MicroLink Devices produces flexible, lightweight solar cells for aerospace and defense applications, making it a direct technical peer to Verde's flexible thin-film perovskite panels.
• Saule Technologies: Saule Technologies is a Polish perovskite solar startup developing inkjet-printed flexible perovskite cells for BIPV and IoT, sharing Verde's thin-film perovskite technology approach and emerging-market focus.

Others

• C3 Nano: C3 Nano supplies transparent conductive films used as enabling layers in next-generation solar and display technologies, making it a relevant ecosystem/materials peer adjacent to Verde's perovskite supply chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/verde-technologies-incorporated

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds7 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

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

Frequently asked questions about Verde Technologies