Tokyo Century Announces Additional Investment and Strategic Partnership with PXP to Support Mass Production of Next-Generation Solar Cells
Tokyo Century has announced an additional investment in PXP, a developer of next-generation solar cells, during its Series B round and established a business partnership. The collaboration aims to accelerate decarbonization solutions by utilizing lightweight and flexible solar technology on existing building rooftops.
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- 📰 Published: May 21, 2026 at 22:10
- 🔍 Collected: May 21, 2026 at 13:31
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Tokyo Century Corporation has decided to make an additional investment in PXP, a company dedicated to the development and manufacturing of next-generation solar cells, to support the construction of their mass production factory. Concurrently, the companies have entered into a business partnership agreement aimed at securing priority product supply.
1. Background of the Investment
Tokyo Century is committed to realizing a sustainable society under its purpose of "Creating a future for a blue earth." This initiative is one of the key measures aimed at contributing to a decarbonized society as outlined in the "Medium-Term Management Plan 2030."
Currently, one of the significant factors hindering the adoption of renewable energy in Japan is the shortage of suitable sites, as conventional heavy panels have limited installation locations. To address this issue, Tokyo Century will support PXP's innovative, lightweight, and flexible chalcopyrite technology. By transforming previously unused spaces into "power generation bases," the company aims to accelerate the adoption of clean energy.
2. Expansion of "Corporate PPA" Business using PXP Technology
Through this partnership, Tokyo Century's focus on "Corporate PPAs" will see significant evolution in both product supply and installation areas.
Expansion into "Difficult-to-install" areas:
By achieving a weight less than one-tenth of conventional panels, the solution allows Tokyo Century to provide decarbonization options for older factories, warehouses, and carports that were previously deemed unsuitable due to building load limitations.
Cooperation for a stable procurement system:
Through the partnership with PXP, the company will build a cooperative relationship to secure products after mass production begins. PXP's chalcopyrite technology offers superior long-term durability, making it ideal for PPA businesses that require stable operations. By securing these highly reliable products early on, Tokyo Century will reliably meet the decarbonization needs of its corporate clients.
3. Future Prospects
Looking ahead, Tokyo Century will collaborate with its mobility division to explore new business areas, such as "mobile energy self-sufficiency" through EV integration. In the future, the companies aim to jointly develop optimal energy solutions by incorporating the "perovskite tandem solar cells" currently under development by PXP.
By combining its extensive business foundation with PXP's proprietary technology, Tokyo Century aims to contribute to the realization of carbon neutrality across society by providing unprecedented decarbonization solutions.
1. Background of the Investment
Tokyo Century is committed to realizing a sustainable society under its purpose of "Creating a future for a blue earth." This initiative is one of the key measures aimed at contributing to a decarbonized society as outlined in the "Medium-Term Management Plan 2030."
Currently, one of the significant factors hindering the adoption of renewable energy in Japan is the shortage of suitable sites, as conventional heavy panels have limited installation locations. To address this issue, Tokyo Century will support PXP's innovative, lightweight, and flexible chalcopyrite technology. By transforming previously unused spaces into "power generation bases," the company aims to accelerate the adoption of clean energy.
2. Expansion of "Corporate PPA" Business using PXP Technology
Through this partnership, Tokyo Century's focus on "Corporate PPAs" will see significant evolution in both product supply and installation areas.
Expansion into "Difficult-to-install" areas:
By achieving a weight less than one-tenth of conventional panels, the solution allows Tokyo Century to provide decarbonization options for older factories, warehouses, and carports that were previously deemed unsuitable due to building load limitations.
Cooperation for a stable procurement system:
Through the partnership with PXP, the company will build a cooperative relationship to secure products after mass production begins. PXP's chalcopyrite technology offers superior long-term durability, making it ideal for PPA businesses that require stable operations. By securing these highly reliable products early on, Tokyo Century will reliably meet the decarbonization needs of its corporate clients.
3. Future Prospects
Looking ahead, Tokyo Century will collaborate with its mobility division to explore new business areas, such as "mobile energy self-sufficiency" through EV integration. In the future, the companies aim to jointly develop optimal energy solutions by incorporating the "perovskite tandem solar cells" currently under development by PXP.
By combining its extensive business foundation with PXP's proprietary technology, Tokyo Century aims to contribute to the realization of carbon neutrality across society by providing unprecedented decarbonization solutions.
FAQ
What is Tokyo Century's decarbonization strategy?
Under their purpose of 'Creating a future for a blue earth,' they are focusing on expanding renewable energy businesses and Corporate PPAs.
What changes with the PXP partnership?
It enables the use of rooftops on older factories and warehouses that could not support heavy conventional panels for solar power generation.
Why was this investment necessary?
To support the construction of PXP's mass production factory and establish a stable product supply to reliably meet client decarbonization needs.