First Solar and UbiQD Sign a Long-Term Quantum Dot Supply Contract

First Solar, Inc. (NASDAQ:FSLR) is among the 13 Best Electrical Infrastructure Stocks to Invest In. UbiQD announced a multi-year exclusive agreement to deliver its unique quantum dot (QD) nanotechnology to First Solar, Inc. (NASDAQ:FSLR) on July 9, 2025.

First Solar and UbiQD Sign a Long-Term Quantum Dot Supply Contract

A solar panel farm with an orange sky illuminating the vast landscape.

The partnership facilitates the incorporation of QD materials into First Solar, Inc. (NASDAQ:FSLR)’s thin-film bifacial photovoltaic modules and is the first high-volume QD supply agreement outside the display industry. Furthermore, the businesses extended their research and development partnership with the goal of maximizing the effectiveness of solar panels for utility-scale applications.

According to UbiQD, manufacturing will increase to more than 100 metric tons per year. CEO Hunter McDaniel described the agreement as an important turning point for the US quantum dot business.

Markus Gloeckler, CTO of First Solar, Inc. (NASDAQ:FSLR), noted how QD might significantly improve the efficiency of bifacial modules. The collaboration follows UbiQD’s $20 million Series B fundraising in April 2025, which funds the building of a sizable QD manufacturing plant in New Mexico, promoting material efficiency and indigenous solar innovation.

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