Company Overview
About CubicPV
CubicPV is a US solar technology company formed in 2021 through the merger of 1366 Technologies (direct wafer silicon crystallization pioneer) and Hunt Perovskite Technologies. Headquartered in Bedford, Massachusetts, CubicPV initially planned to build a 10 GW silicon wafer factory in the United States, leveraging its Direct Wafer technology to produce silicon wafers with less material waste and energy than conventional wire-sawn processes. The company raised $103M for this effort from investors including Hunt Energy Network.
Business Model & Competitive Advantage
In early 2024, CubicPV halted its US wafer factory plans, citing "a dramatic collapse in wafer prices" driven by Chinese overcapacity and a "surge in construction costs." The company pivoted its strategic focus to perovskite-silicon tandem solar modules — the next-generation technology expected to substantially exceed the efficiency ceiling of standard silicon modules. In July 2025, a collaboration between CubicPV and the National Renewable Energy Laboratory (NREL) certified a perovskite minimodule at 24.0% efficiency — the first time a US effort has set a record in the perovskite mini module category. CubicPV is accelerating indoor stability testing and has multiple outdoor installations underway to advance toward commercialization.
Competitive Landscape 2025–2026
CubicPV''s long-term thesis is that perovskite-silicon tandem modules, which combine a perovskite top cell with a silicon bottom cell, can achieve efficiencies above 30% — dramatically reducing the levelized cost of solar electricity. The company is one of the few US entities with both the silicon crystallization expertise and perovskite development capabilities needed to commercialize tandem modules at scale. Tim McCaffery (SCG global investment director) assumed CEO responsibilities following the departure of Frank van Mierlo in 2025.
Key Differentiators
Strong Challenger
CubicPV is an established challenger with significant market presence and competitive offerings in Climate & Energy.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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