Fenwick Represents Tandem PV in $50M Series A Funding

Fenwick represented Tandem PV, a pioneer in American perovskite solar technology, in its $50 million Series A funding. The round was led by Eclipse, with participation from Constellation Energy, Planetary Technologies, Uncorrelated Ventures, Trellis Climate, Tom Werner (former CEO of SunPower), Stifel Bank, CSC Leasing, and other existing and new investors.

Tandem PV will use the funds to construct a breakthrough commercial-scale manufacturing facility in the U.S., accelerating the adoption of its high-efficiency solar panels and allowing the U.S. to reduce its dependency on foreign manufacturers while increasing its energy security. More information can be obtained from the company announcement.

The Fenwick transaction team was led by corporate partner Michael Esquivel and included associates James Clarkin-Breslin, Serena Ward, and Olga Baranoff.