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“Tandem PV said in an interview with Roth Capital recently that it sees a clear path to adding 2% efficiency per year without any major scientific breakthroughs. This trajectory would put the module at 37% efficiency by 2030.

The company also noted theoretical peak efficiencies of 45% for two layers of perovskite atop silicon, and 50% for three layers, crushing the 23% efficiency seen in mass production panels today.

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