JIANGSU SOUTH, China — Perovskite, a light and flexible solar cell technology developed in Japan, is experiencing an investment boom in China, with startups building factories and working toward mass production in hopes of capturing a large share of the new market.
Startup UtmoLight is nearing completion of a 3 billion yuan ($424 million) plant in Wuxi, Jiangsu province, which the company says will be the world's first gigawatt-level production site for perovskite solar cells.