TCL Technology backs perovskite maker TJ Solar in $30 million deal
What's the deal? TCL TechnologyDealroom has a profile for this one. Try Dealroom → has invested US$27.5M in Xi'an Tianjiao New Energy (TJ SolarDealroom has a profile for this one. Try Dealroom →), a flexible perovskite photovoltaic module maker, in an early-stage round. The deal gives TCLDealroom has a profile for this one. Try Dealroom → an approximately 20% stake in the company.
Where the money goes: The funds will mainly build and run a 100MW perovskite production line, alongside R&D and market expansion.
What TJ Solar does: It develops lightweight, flexible perovskite modules with proprietary technologies for low-light power generation and flexible thin-film encapsulation. Its products target consumer uses such as low-power devices, auxiliary vehicle power, e-paper, and smart homes.
What's the endgame? TCL, parent of TCL ZhonghuanDealroom has a profile for this one. Try Dealroom →, plans to pair the precision-coating and encapsulation know-how of its display subsidiary TCL CSOTDealroom has a profile for this one. Try Dealroom → with TJ Solar's technology. The aim is to commercialise integrated "display + solar energy" products and, longer term, develop technologies for power-plant applications.
Why now? The investment caps a run of perovskite moves across TCL group companies. These include TCL Zhonghuan's acquisition of Yidao New EnergyDealroom has a profile for this one. Try Dealroom → and a perovskite-silicon four-terminal tandem module, plus a planned joint venture with Heiguan OptoelectronicsDealroom has a profile for this one. Try Dealroom → on tandem cells for space applications.
By the numbers: At $29.8 million, this ranks among the larger early-stage energy deals in China, sitting in the 90th percentile of such rounds over the trailing 48 months, based on a sample of 64 deals.
The signal: By backing TJ Solar, TCL is extending a broad bet on perovskite across both its solar and display arms — a technology that promises cheaper, lighter modules and new consumer form factors. In late August, TCL ElectronicsDealroom has a profile for this one. Try Dealroom → also announced plans to spin off its PV business, including TCL Photovoltaic Technology and SunPower, for a separate listing, underscoring how central solar has become to the group's strategy.
Read more: perovskite-info.com
Image credit: ken fields
