Assertion Partly supported
Paruri: Perovskite Solar Requires No Rare Earths and Nothing From China
“There's no rare earths or critical minerals, no kind of Supply chain sensitivities or vulnerabilities, right? Like nothing from the inputs or the tools has to come from China.”
Prediction Partly held up
Paruri: All-perovskite tandems could achieve 60% to 70% efficiency
“And over time, you can engineer out the silicon, and you're just doing perovskite on perovskite on perovskite tandems, You can get to 60 or 70% efficiency.”
Assertion Not checkable as stated
Paruri: Tandem PV Tested Module Outdoors for 18 Months Without Degradation
“For the last few years, we've been making 10,000 panels a year, testing those in our indoor accelerated labs and also external testing And, you know, we're there on our kind of R&D format where we're able to, you know, we had a module outdoors for 18 months wi…”
Disclosure
Paruri: Tandem PV secured 100% equipment financing for demonstration factory
“My understanding is that it's pretty unheard of, but we were able to get a hundred percent equipment financing for this demonstration factory. And so between that and venture debt, we were able to finance this 40 megawatt nameplate factory which is great.”
Opinion
Paruri: Most past perovskite solar companies have been a joke
“Every perovskite company I've looked at has just not been compelling, and I think they're kind of a joke.”
Assertion Open · timeframe Jun 2029
Paruri: Tandem PV delivers 30% efficiency boost over silicon, 50% over CdTe
“When you think about our technology compared to silicon, it's like a 30% improvement. When you think about it in compared to cad tell, it's a 50% improvement.”
Assertion Not checkable as stated
Paruri: Tandem PV customers safe-harbored ITC pipeline through mid-2030
“All of our customers utility-scale customers were able to successfully safe harbor, like, gigawatts worth of project pipeline, and so the investment tax credit for all of our customers is still intact through mid- twenty-thirty.”
Prediction Open · timeframe Jun 2029
Paruri: Tandem PV expects to reach 35% to 36% solar efficiency in medium term
“Our team believes that we'll be at 35, 36% efficiency in the medium term and there's so much more room to grow.”
Assertion Partly supported
Paruri: Perovskite Solar Uses One-Tenth the Energy of Silicon per Watt
“We use one-tenth the amount of energy required to make on a watt per watt basis compared to silicon.”
Prediction Open · timeframe Jun 2028
Paruri: US silicon solar panels will max out at 25% efficiency
“So your average silicon panel here in the U.S. Is 23% efficient. It'll probably get to 25% in the next couple years, and that's it. Like, that's the max that a silicon solar panel will go.”
Assertion Supported
Paruri: Tandem PV has achieved over 30% panel efficiency
“Take that into the context of a recent announcement that we just made, which is that we've now crossed 30% efficiency On a solar panel, right?”
Assertion Supported
Paruri: Perovskite-silicon tandems can reach 45% efficiency
“But this technology of perovskite and silicon can get up to 45% efficiency.”
Disclosure
Paruri: Tandem PV's market beachhead is utility-scale solar
“Utility scale is where we're going. That's the beachhead, and probably where we may just stay.”
Assertion Not checkable as stated
Paruri: Every customer demands US-made solar panels
“Every customer I talk to, like, the first question they ask me is, is it made in the U.S.? And if it, if my answer is no, they're not interested, right?”
Assertion Supported
Paruri: Solar modules now represent only 20% of installation costs
“Modules are now, over the last 10 years, they've come down so much in cost that they're only 20% of the cost of a solar installation, right?”
Assertion Supported
Paruri: Utility-scale solar accounts for 80% of the solar market
“Utility scale solar is 80% of the market, right?”
Disclosure
Paruri: Tandem PV fully commissioned its demonstration factory in January 2026
“We placed deposits on equipment at the end of 24, early 25. We got the equipment, started getting it in September of 25, and the factory is fully commissioned in January of this year.”
Disclosure
Paruri: Tandem PV to launch paid pilots with nearly a dozen U.S. utilities and IPPs
“In the next couple months we're gonna be kicking off paid pilots with almost a dozen customers here in the U.S. Between utilities and IPPs.”
Disclosure
Paruri: Tandem PV's factory uses off-the-shelf thin-film equipment
“So if you look at our factory, it's all, you know, off the shelf thin film equipment.”
Assertion Not checkable as stated
Paruri: Taking over EnerVenue site saved Tandem PV months and millions
“Taking over the EnerVenue building made kind of our build-out months shorter, millions of dollars cheaper,”
Assertion Not checkable as stated
Paruri: Tandem PV factory build-out was over budget by only $7,000
“Once we kind of had the updated budget after we identified the building, we turned up this whole factory and we were over budget by literally 7000 dollars. Multi-million dollar build out, and we're 7000 dollars over.”
Disclosure
Paruri: Tandem PV avoided solar tariffs using semiconductor equipment exemptions
“Ultimately we saw that we actually can get our equipment through an exemption because we were, it was semiconductor equipment, so that was great.”
