UbiQD, a developer and manufacturer of quantum dot technology for solar energy solutions, has announced the acquisition of all assets of BlueDot Photonics, including its perovskite-based quantum cutting technology.
The deal gives UbiQD exclusive rights to BlueDot’s associated intellectual property, originally developed at (and licensed from) the University of Washington.
BlueDot has developed quantum-cutting technology to create cost-effective solutions that enhance solar panel performance. The company claims that its solutions can boost panel efficiency by as much as 16%.
“Solar power remains the backbone of the renewable energy transition, but the industry still faces efficiency and cost constraints. BlueDot pioneered a transformative approach with quantum cutting—essentially multiplying usable photons to enhance energy capture. By bringing their technology into our portfolio, we’re positioned to accelerate next-generation solar materials and drive meaningful efficiency gains at scale,” said Hunter McDaniel, Founder and CEO of UbiQD.
UbiQD’s acquisition of BlueDot marks a step in its expansion into the solar sector, which has a business unit focused specifically on developing down-conversion products for the industry. In 2023, the company expanded its partnership with First Solar to explore incorporating fluorescent quantum dot technology in advanced solar modules.
According to Mercom’s Annual and Q4 2024 Solar Funding and M&A report, M&A activity was 15% lower year-over-year in 2024, with 82 corporate M&A transactions compared to 96 in 2023.
In December, enercity, a German energy supplier, acquired the key business areas along with a solar portfolio from Hanwha Q CELLS, a manufacturer of solar cells, modules, and energy storage systems.
