Malachite Technologies, Inc
Malachite will sell equipment to upgrade silicon cell lines ultra-high efficiency tandem cells at a cost/watt less than a standard cells.
MTI is an equipment provider. When we add less than 1 micron of thin film to a silicon cell, the power output of the cell will be increased by 30+% resulting in modules of 25-30%. An early stage start-up, we are self-funded, have acquired the R&D tools to show proof of concept for overcoming the two obstacles currently stopping the commercialization of tandem cells. We are seeking funds for the next 18 months of pre-Series A R&D.