New solar panel manufacturing companies utilize solar energy through the development of technologies such as building-integrated photovoltaics (BIPV). It integrates solar power into building materials. Likewise, the exploration of floating solar panels maximizes unused water bodies for energy production. Additionally, advances in perovskite solar cells and the use of graphene improve solar panel efficiency and durability. These innovations from companies making solar panels enable versatile, efficient, and more accessible solar energy solutions for a variety of applications, contributing to a greener and more sustainable future.
This article will delve into:
- Emerging Trends Shaping the Solar Panel Manufacturing Sector
- Profiles of 10 Pioneering New Solar Panel Manufacturing Companies
- How to Spot Innovative Solar Panel Manufacturing Companies in a Few Clicks
Key Takeaways
Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the solar panel manufacturing industry. This sector is marked by key trends and a substantial workforce, shaping its future. Here are some key insights at a glance:
- Solar Panel Manufacturing Trends: A few latest trends in solar panel production are BIPV, floating solar, perovskite solar cells, graphene-based solar cells, and advanced thin-film technology.
- Solar Panel Industry Stats: The solar panel manufacturing sector has about 17K+ organizations, housing 1.3K+ organizations in the last 5 years. Considering 2020 as the average founding year, it boasts about 318 average employees in companies with 39.7 million in funding.
- 10 New Solar Panel Manufacturing Companies to Watch:
- Toledo Solar – Cadmium Telluride Thin-Films
- TriNANO Coating – Solar Panel Nano Coatings
- Ellipsol – AI-Powered Solar Reflectors
- LuxoEnergy – Fiberglass Reinforced Plastic Core
- Endurans Solar – Solar Panel Materials
- HelioRec – Floating Solar Technology
- GraphEnergyTech – Graphene Electrode Solar Cell
- Redeem Solar Technologies – Photocatalytic Reactors
- Sunbiosys – Luminescent Silicon Synthesis
- Lanus Solar – Solar Optimization Coating
Solar Panel Manufacturing Trends Supporting Renewable Energy
Building-Integrated Photovoltaics
BIPV technology integrates solar panels into building materials, such as roofs or windows, transforming structures into energy-generating entities. This sustainable approach enhances energy efficiency and architectural aesthetics, promoting green building practices.
Floating Solar Panels
Floating solar, or floating photovoltaic systems, are solar panels mounted on buoyant structures placed on bodies of water, typically lakes and dams. Installed on water bodies, they address land use challenges while cooling the solar cells to improve efficiency. These systems comprise solar modules designed to be humidity-resistant, dustproof, and lead-free, ensuring protection against water damage.
Perovskite Solar Cells (PSC)
PSCs utilize a perovskite-structured compound for sunlight-to-electricity conversion, showcasing a blend of organic-inorganic hybrid halide perovskites. These cells are affordable and scalable with features including high charge carrier mobility, broad optical absorption, long carrier diffusion lengths, and low exciton binding energy.
Graphene in Solar Cells
Graphene-enhanced solar panels offer increased energy conversion efficiency and lighter, more durable, and flexible photovoltaic applications. With this, solar cells harness sunlight efficiently and significantly lower the cost per watt of solar power. Thus, it makes solar energy more accessible and adaptable to various applications.
Advanced Thin-Film Technology
Unlike traditional bulky panels, advanced thin-film technology utilizes low material and offers the potential for high-scale manufacturing. It assists in integrating photovoltaic solutions into everyday objects and structures, significantly expanding the reach and impact of solar energy.
Also read: Discover Top Renewable Energy Industry Trends & Innovations
Meet 10 Out of 1.3K+ Emerging Solar Panel Manufacturing Companies
The solar panel manufacturing industry pushes the boundaries of technology and sustainability. We feature a list of 10 new solar manufacturing companies working in the field of cadmium telluride (CdTe) thin-film solar panels, the integration of graphene electrodes, and more. Their solutions redefine energy generation, efficiency, and application.
Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. Signal Strength gauges the extent to which a company’s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company’s standing in the broader market landscape.
1. Toledo Solar
- Founding Year: 2019
- Employee Range: 2-10
- Location: USA
- Signal Strength: Very Strong
- What they do: Toledo Solar specializes in CdTe photovoltaic (PV) technology. It leverages two layers of strong tempered glass to produce thin-film CdTe PV solar panels. These layers are hermetically laminated together in a construction devoid of frames. The solar panels deliver high durability compared to silicon-based counterparts. Moreover, this technology provides high light absorption, ensuring more energy per rated power, with a low carbon footprint.
2. TriNANO Coating
- Founding Year: 2022
- Employee Range: 2-10
- Location: India
- Signal Strength: Very Strong
- What they do: TriNANO Coating’s technology incorporates light trapping, anti-reflection, and self-cleaning properties into uncoated panels inspired by nature. By reducing reflection loss and increasing light absorption, the company improves the power conversion efficiency of solar cells. Additionally, the technology’s self-cleaning feature minimizes the impact of contaminants like dust, water, and grime, reducing maintenance costs for solar panels.
3. Ellipsol
- Founding Year: 2022
- Employee Range: 11-50
- Location: India
- Signal Strength: Very Strong
- What they do: Ellipsol’s patented technology optimizes solar radiation concentration on panels, significantly increasing energy output. With a high-precision gear system, it ensures that panels continuously face the sun. Further, AI-powered solar reflectors carefully redirect sunlight onto panels, boosting energy production and revenue. Ellipsol’s system reduces maintenance costs and minimizes downtime through monitoring the panels.
4. LuxoEnergy
- Founding Year: 2020
- Employee Range: 11-50
- Location: Portugal
- Signal Strength: Medium
- What they do: LuxoEnergy’s patented prepreg method utilizes a proprietary fiberglass-reinforced plastic core to craft ultra-light and flexible solar modules. Its modules also employ monocrystalline cells for high efficiency. The company’s Universal PV Module patented technology process encapsulates monocrystalline silicon cells within a composite material reinforced by fiberglass. The module features a glare-free surface, making it suitable for various applications, including airports.
5. Endurans Solar
- Founding Year: 2021
- Employee Range: 51-100
- Location: USA
- Signal Strength: Very Strong
- What they do: Endurans Solar specializes in innovative material solutions for solar panel manufacturers. With expertise in polymer science and co-extrusion, it offers a range of high-performance co-extruded back sheets, conductive back sheets, specialty films, strips, and sheets for solar modules. It reduceS the levelized cost of energy while enhancing solar module reliability and performance
6. HelioRec
- Founding Year: 2019
- Employee Range: 2-10
- Location: France
- Signal Strength: Very Strong
- What they do: HelioRec develops wind and wave-resistant floating solar technology. Its patented hydro-lock design maintains water inside the floater to enhance stability without additional ballast costs. The company’s flexible connectors and passive cooling system further reduce mechanical stress and improve efficiency. Likewise, its machine learning algorithms predict energy generation as well as optimize operation and maintenance.
7. GraphEnergyTech
- Founding Year: 2022
- Employee Range: 2-10
- Location: Switzerland
- Signal Strength: Very Strong
- What they do: GraphEnergyTech provides a patented process to integrate graphene electrodes into solar cells. This way, the company replaces expensive metals while maintaining or enhancing power conversion efficiency and reliability. Its highly conductive graphene electrodes solve the silver crisis and enable the industrial development of perovskite solar cells.
8. Redeem Solar Technologies
- Founding Year: 2023
- Employee Range: 2-10
- Location: Austria
- Signal Strength: Very Strong
- What they do: Redeem Solar Technologies utilizes sunlight directly for photochemical transformations, eliminating the need for electricity. With a focus on sustainability, its photocatalyst is fully recyclable. Moreover, the photoreactor integrates photovoltaic capabilities, electrolysis, and purification units, providing a streamlined, cost-effective approach for carbon-neutral energy generation.
9. Sinbiosys
- Founding Year: 2020
- Employee Range: 2-10
- Location: Italy
- Signal Strength: Very Strong
- What they do: Sinbiosys focuses on silicon-based quantum dots (SiQDs) in innovative quantum dots (QDs) technology. These SiQDs enable efficient light modification, making them ideal for applications like BIPV and luminescent solar concentrators (LSC). Thus, these SiQDs offer advantages such as safety, biodegradability, bright luminescence in various colors, and temperature resistance.
10. Lanus Solar
- Founding Year: 2021
- Employee Range: 2-10
- Location: Hungary
- Signal Strength: Strong
- What they do: Lanus Solar offers solutions like Lanus QDUP for solar panel retrofitting and Lanus IR to combat overheating, benefiting solar farms and manufacturing facilities alike. Each enhances solar panel efficiency, allowing businesses to optimize existing solar installations. Additionally, the company increases energy production while reducing the environmental footprint.
As the solar panel manufacturing industry evolves, the role of these companies that manufacture solar panels becomes increasingly vital. They respond to the current demands of the market and shape the future of solar energy with their technologies as well. This list of solar panel manufacturing companies provides the application areas of solar energy, expanding how solar panel manufacturing becomes more accessible and effective for both traditional and novel uses.
Tips to Quickly Find New Solar Panel Manufacturing Companies
Utilizing a SaaS platform like the Discovery Platform for identifying new solar panel manufacturing companies provides significant benefits compared to traditional scouting methods:
- Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces your hours of conventional desk research, saving time and resources in identifying solar panel manufacturing innovations.
- Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the solar panel manufacturing industry. The platform keeps you informed with near real-time updates on emerging solar panel manufacturing companies and news, enabling you to make swift and informed decisions.
- Tailored Exploration: Customize your search to focus on specific niches within the solar panel manufacturing sector, such as BIPV, floating solar panels, or perovskite solar cells. The platform’s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.
Ready to Explore All Solar Panel Manufacturing Companies?
We’ve explored the dynamic landscape of the solar panel manufacturing industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our detailed free Renewables Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments.
