About Energy Materials
Energy Materials Corporation, known as EMC, develops perovskite solar material and modules. Its GigaSpeed process prints all seven layers of a solar cell on roll-to-roll lines at more than 30 meters (100 feet) per minute. EMC's case is that printing can replace silicon production, wafering and cell processing, and so lower module costs. The goal is solar panel production at terawatt scale for the global solar industry.
EMC is based in Rochester, New York, and Dr. Stephan DeLuca is its chief executive officer. It is an American manufacturer developing renewable energy products aimed at the terawatt scale. EMC is a founding member of US-MAP, a consortium of public and private institutions formed by the National Renewable Energy Laboratory.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | Oct 28, 2026 | $41,647,490target not set | 21 | $1.9M | EquityRule 506(b) | Form D ↗ |
| Apr 1, 2021 | May 12, 2021 | $4,000,000of $10.0M target | 15 | $266K | EquityRule 506(b) | Form D ↗ |
| Sep 16, 2013 | Oct 4, 2013 | $1,875,000of $3.2M target | 11 | $170K | EquityRule 506(b) | Form D ↗ |
| Nov 15, 2011 | Nov 22, 2011amended May 18, 2012 | $500,001of $637K target | 9 | $55,556 | Equity06 | Form D/A ↗1 earlier filing |
| Total, four offerings | $48,022,491 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Why Investors Backed Energy Materials
Energy Materials Corporation, based in Rochester, New York, develops perovskite solar modules made by high-speed printing. Its process prints the cell layers on roll-to-roll lines at more than 30 meters per minute. The company is a founding member of US-MAP, a perovskite consortium formed by the National Renewable Energy Laboratory. Its aim is solar manufacturing at terawatt scale.
The problem it targets
EMC's case is that silicon production, wafering and cell processing form a choke point in solar manufacturing. That view extends to cost and time: a new process need not require billions of dollars or 15 years or more. In a 2020 talk, chief executive officer Dr. Stephan DeLuca was to cover challenges in scaling the solar industry five to ten times. The talk looked at the next fifteen to twenty years.
What the product does
EMC groups its work into three areas: making photovoltaic material, producing modules on high-speed inline roll-to-roll lines, and developing manufacturing from scale-up to ramp-up. The technology carries the name Purebred Perovskite. In EMC's view, deep cuts in module cost need high-throughput inline cell production and fast module assembly.
Progress so far
The University of Toledo reported in April 2020 that US-MAP had formed an industrial advisory board of U.S. startups and established companies working on perovskites. EMC was one of six founding members, joining BlueDot Photonics, First Solar, Swift Solar, Tandem PV and Hunt Perovskites Technologies. Dr. Laura Schelhas, executive director of US-MAP, called EMC an invaluable partner. DeLuca was scheduled to give the first talk in the consortium's yearlong webinar series on September 3, 2020. The talk covered terawatt-scale perovskite module manufacturing.
How the market is moving
According to the University of Toledo, US-MAP providers will share research, validation and pilot manufacturing capability and experience. The university expects this to reduce development costs, development time and technology risk for potential investors. Martin Keller, director of NREL, said the consortium would bring perovskite technology to market sooner than members could acting alone. EMC's own view is that its printing model can support rapid installation of 75 terawatts of solar by 2050.
We wrote this summary from public statements by Energy Materials and its investors. It is not investment advice.
Leadership Team
Executive officers and directors listed on Energy Materials's Form D filed Oct 28, 2026.
Earlier filings also listed Jeffrey Seul (director, last listed Oct 2013), James Oliver (director, last listed Oct 2013), J. Stewart (director, last listed Oct 2013) and J. Lynch (director, last listed May 2012).
Sources
- SECEnergy Materials Corp Form D, filed Nov 22, 2011
- SECEnergy Materials Corp filing history
- PressPR Newswire: Energy Materials Corporation CEO Dr. Stephan DeLuca to speak on terawatt scale solar panel manufacturing (August 31, 2020)
- ResearchUniversity of Toledo News: UToledo teams with NREL, partners to accelerate promising new solar technology (April 29, 2020)