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California, US-based Swift Solar has announced the acquisition of the manufacturing assets belonging to Swiss PV manufacturer Meyer Burger. Meyer Burger filed for bankruptcy last year, and saw some of its manufacturing assets in the US acquired by Waaree Energies (through Waaree Solar Americas)  as well. Swift Solar is a perovskite-silicon tandem solar cell manufacturer, that has stepped in to acquire the Swiss firm’s heterojunction technology (HJT) intellectual property (IP) portfolio while absorbing its personnel. Swift Solar hopes to integrate Meyer Burger’s silicon technology with its perovskite based tandem cell manufacturing. 
The company tested its perovskite-silicon tandem cells in a US Department of Defense pilot project in January 2026. The premise of tandem cells has consistently been raising the efficiency ceiling of silicon cells from 30% to 45% by the addition of perovskite to the cell architecture.
In what is possibly the final large sale of Meyer Burger’s US assets, Swift Solar faces the prospect of producing HJT cells and modules in the US at gigawatt-scale while integrating perovskite manufacturing into the production process at the same scale as the capacity of the HJT lines it has acquired.  
The IRA act in the US kick started solar manufacturing in the country with a heavy bias towards module making, owing to the faster execution of manufacturing there, leaving the US with a significant cell manufacturing deficit, much like India. With the country making progress on the whole backward integration line, there appears to be a very good probability that the US will offer much more limited opportunities for imports in due course, especially as the longer term impact of the Trump administrations antipathy towards green energy plays out. These have included an early phase out of IRA linked benefits.
What has worked for the industry is the drop in battery costs, and now, rising oil prices, which have driven home the value of long term green energy options for many yet again.   
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