UbiQD Secures Multi-Year Quantum Dot Supply Deal with First Solar

UbiQD, a quantum dot nanotechnology company, has entered into an exclusive multi-year agreement to supply its proprietary fluorescent quantum dot technology to First Solar for integration into its thin-film bifacial photovoltaic solar panels. This partnership, building on a joint development collaboration since 2023, aims to more than double the bifacial quantum efficiency of light conversion for specific wavelengths, potentially increasing energy yield and reducing costs at utility scale. UbiQD's technology uses non-toxic copper and indium quantum dots, originally developed at Los Alamos National Laboratory and MIT, replacing cadmium and enhancing solar spectrum optimization. The agreement is expected to increase UbiQD's production capacity to over 100 metric tons per year and supports U.S.-based innovation and manufacturing to expand competitive power generation capacity. First Solar anticipates commercial rollout of these improved QD-integrated panels by late 2026, which has contributed to a recent 28% increase in its stock price and positive analyst revenue growth forecasts. Both companies emphasize the scalability, cost-effectiveness, and performance benefits of this technology in advancing solar panel efficiency amidst global market competition.