UbiQD announced that it has entered into an exclusive, multi-year agreement to supply its proprietary florescent QD technology to First Solar, Inc. The agreement paves the way for the incorporation of QD technology into First Solar's thin film bifacial photovoltaic (PV) solar panels. The supply agreement is expected to enable the early adoption of QD in thin film modules, which has the potential for UbiQD to grow to over 100 metric tons of production per year. The two companies previously announced a joint development collaboration in 2023, the results of which have supported the new supply agreement and expanded R&D collaboration announced today.
This collaboration between two U.S.-based companies comes as the country seeks to rapidly expand competitive power generation capacity to serve demand from data centers, artificial intelligence (AI), and manufacturing. UbiQD's core proprietary quantum dot technology was originally developed at U.S.-based research institutions, Los Alamos National Laboratory and M.I.T. When incorporated into solar panel encapsulation, QDs can more than double the bifacial quantum efficiency of light conversion for specific wavelengths/colors -- a critical edge as solar manufacturers compete globally on performance and price. This momentum represents as a fast follow to the New Mexico-based company's $20MSeries B fundraise announced in April 2025, which is enabling UbiQD's plans over the next year to build one of the highest volume QD manufacturing facilities in the world, in New Mexico in the coming year.
The initiative will cement UbiQD's position as the global leader in quantum technology, and bolster domestic production capacity for this critical nano materials technology.
