Sealed-Bid Auction

Up to 50 non-exclusive licences are available to panel manufacturers serving the utility-scale solar market.
No further licences will be made available before Spring 2028.

30 / 06 / 2026 Vague 1
Registration / Data Room Access Fee: €200,000
The 20 largest solar panel manufacturers hold a 20-day priority window in which to submit a proposal.
 
Based on information available to date, licensed manufacturers could potentially achieve a near-tripling of their panels' output during critical hours. Furthermore, under the proposed business model, they could collect royalties for 35 years on revenues generated by the surplus energy produced through "reflectricity".
 
IPVF CONFIRMATION
Following analysis of the physical principles of this technology, IPVF — the Institut Photovoltaïque d'Île-de-France, whose founding shareholders include EDF, TotalEnergies, Air Liquide, CNRS, École Polytechnique, Horiba, and Riber — issued an official scientific opinion on 7 May 2026 (ref. IPVF-2026-DG-009), co-signed by two senior authorities.
 
Mr Pere Roca i Cabarrocas, Scientific Director of IPVF, Research Director at CNRS — École Polytechnique, CNRS Silver Medal (2011), states:
 
*"Reflectricity operates within the geometric optics regime, governed by the laws of Snell-Descartes. This results in an average daily gain of approximately +20%, a more evenly distributed production curve throughout the day, and a higher photovoltaic surface density per unit of installation length. In this context, the multiplication factor of ×2.66 in the morning and late afternoon is expected."*
 
Roch Drozdowski-Strehl, Chief Executive Officer of IPVF, co-signs the opinion, which states:
 
*"Report INO-262879 R01 of March 2026, produced by the Institut National d'Optique in Canada using Ansys Zemax OpticStudio software, is rigorous and presents a clear analysis of the achievable gains. The modelling indicates a collected optical power ratio of approximately 1.20 over a full day under direct light, and approximately 1.19 under diffuse light — representing an average daily gain of approximately +20% and +19% respectively, compared to a flat panel of the same footprint. These gains, achieved through an architectural modification of the module without any alteration of the cell itself, represent a significant departure from the industry's customary pace of improvement."*
 
The full scientific opinion is available in the data room upon registration.
 
A CONSIDERABLE ADVANCE
Over 72 years (1954–2026), the global solar industry has advanced at an average rate of +0.18 percentage points of efficiency per year under real-world field conditions — rising from 6% to 19%, a gain of +13 points over 72 years of research targeting cell chemistry.
 
*"By way of comparison, I would say that for 72 years, experts have been trying to build a better engine to make the car go faster. We bet everything on aerodynamics. Without touching the engine."*
— Louis Massicotte, inventor of reflectricity
 
"Reflectricity" bets on physics rather than chemistry, on module geometry rather than cell improvement.
 
According to IPVF's scientific opinion, "reflectricity" delivers a gain of +20% — a leap equivalent to more than a century of incremental industrial progress (20% ÷ 0.18 = 111 years), compressed into a single architectural innovation applicable to all photovoltaic cell types without modifying them.
 
During the critical morning and evening hours, the ×2.66 factor confirmed by IPVF — equivalent to +166% relative output — makes this calculation staggering: at 0.18% per year, it would take centuries, not decades, to achieve an equivalent gain through cell improvement alone.
 
These figures do not compare chemical efficiencies. They measure the gap between two approaches: improving cell chemistry, or changing module geometry.
 
COP28 called on the world to triple its renewable capacity. Rather than building three times as many solar farms, the invention of "reflectricity" introduces an additional strategic lever: alongside building new farms, it contributes to increasing output — in the morning and late afternoon — from existing farms, by replacing panels with a new technological generation driven by an intelligent geometry validated by IPVF.
 
WHAT REFLECTRICITY IS
"Reflectricity" is a new photovoltaic module architecture conceived in Quebec City, Canada.
 
It does not alter the solar cell. It changes the geometry of the panel: a three-dimensional structure that, according to the universal laws of geometric optics of Snell-Descartes, multiplies internal reflections and increases the probability of absorption of each photon. In short, this method aims to leverage reflections to generate more electricity.
 
Reflectricity does not create energy. It captures more of the energy that flat panels were allowing to escape.
 
This technology is expected to be compatible with all existing cell technologies — PERC, TOPCon, HJT, BC. Every future improvement in cell technology could amplify the gains of "reflectricity".
 
THE EVIDENCE — FOUR INDEPENDENT SOURCES
 
These four documents are accessible in the data room to registered candidates or to those whose proposals have been accepted by reflect10.
 
1. Institut Photovoltaïque d'Île-de-France (IPVF) — Scientific Opinion, 7 May 2026**
IPVF has issued an official scientific opinion (ref. IPVF-2026-DG-009) confirming:
  • An average daily production gain of approximately +20%
  • <×2.66 (+166%) during morning and late-afternoon hours
  • +19% under diffuse light (cloud cover, smog)
"This results in scale invariance: if a design demonstrates a production gain on a small module, then a geometrically homothetic module of larger size will exhibit the same multiplicative production factor."*
— Pere Roca i Cabarrocas, IPVF
 
IPVF further confirms two characteristics of immediate practical relevance: increased output during peak demand hours, and a higher photovoltaic surface density per unit of installation length.
 
2. Institut National d'Optique of Canada (INO / Luqia) — Zemax Simulations, March 2026
INO conducted independent simulations using the professional software Ansys Zemax OpticStudio 2025, confirming the ×2.66 factor at a precise solar elevation angle in the morning and late afternoon. Report ref. INO-262879 R01.
 
3. International Search Report — CIPO / WIPO, 2026
The Canadian Intellectual Property Office (CIPO), acting under the Patent Cooperation Treaty (PCT / WIPO), has already concluded the following for one of the three PCT applications: all 18 claims out of 18 were found to be novel, inventive, and industrially applicable. No objections. No exceptions.
 
Field Attestation — E3C Consulting, Morocco, 18 June 2026
Jean-Philippe Goutte, a Level 7 engineer (France), Director of E3C — Économie & Efficacité Énergétique Consulting (ICE: 003560563000044), attests to having personally observed more than 1,800 hours of field trials and analysis under real-world conditions across two continents (Morocco, ~33°N; Canada, ~47°N) in 2025 and 2026. These trials demonstrated trends validating the thresholds confirmed by IPVF.
The performance figures documented herein — +20%, ×2.66, +19% — were observed by an independent expert using proof-of-concept prototypes over nine months across two continents.
 
A NEW ECONOMIC MODEL FOR THE SOLAR INDUSTRY
The Royalty Model — A Potential Long-Term Return
La licence reflect10 n'est pas une simple licence de brevet. Elle confère au fabricant licencié une opportunité d'encaisser des redevances récurrentes sur la valeur marchande de l'énergie supplémentaire produite par chaque parc solaire équipé de ses panneaux qu’il doit maintenir, entretenir ou remplacer. Ainsi, il est proposé que le parc solaire en conserve 75%, alors que le fabricant et reflect10 obtiendraient chacun 12,5%.
 
The reflect10 licence is not a simple patent licence. It grants the licensed manufacturer the opportunity to collect recurring royalties on the market value of the additional energy produced by every solar farm equipped with its panels that it supplies, maintains, or replaces. Under this model, the solar farm retains 75%, whilst the manufacturer and reflect10 each receive 12.5%.
 
This is made possible through the following proposed mechanism: every kilowatt-hour produced in surplus — beyond the output of a flat panel of the same dimensions — generates a royalty shared between the farm operator, the licensed manufacturer, and reflect10. The better the performance of the panels manufactured by the licensee and installed by the operator, the higher the licensee's royalties.
 
The proposed model creates a structural alignment of interests across the entire value chain:
  • The manufacturer wants its warranted panels to perform for a long time, as it is remunerated on their actual output over many years
  • The operator wants to install durable panels as it expects to receive benefits from a large share of each additional kilowatt-hour
  • reflect10 wants the entire system to be continuously optimised; its own royalties depend on that optimisation
For over 70 years, a flat panel was sold, installed, and forgotten. With reflect10's technology, a panel becomes a long-term asset for its manufacturer.
 
Submit a sealed bid. No minimum price is required.
 
The Reference Transaction: Aiko / Maxeon — USD 238M
 
As a comparable, reflect10 refers candidates to the only recent, publicly documented solar licensing transaction: Shanghai AIKO Solar Energy to Maxeon Solar Technologies, 6 February 2026.
 
Criterion Aiko / Maxeon Reflect10 Wave 1
Price USD 238 M Open market, no minimum
Duration 5 years 35 years
Territory Outside USA Worldwide, USA included
Performance gain +1.5 percentage points cell efficiency +20% field production
Recurring royalties for licensee None Yes — on energy produced for 35 years
Context Litigation settlement Open competitive auction
 
 
reflect10 prefers to allow the market to determine the value of its licences. It reserves the right to decline proposals it deems unsatisfactory.
 
THE DUCK CURVE: THE PROBLEM REFLECT10 HELPS SOLVE
The CAISO grid in California curtailed 3.4 million MWh of solar energy in 2024 — a 29% increase year-on-year — because that energy was produced at the wrong hours. On California's wholesale markets, a kilowatt-hour produced between 10:00 and 14:00 is worth an average of USD 19–27/MWh, whilst the same kilowatt-hour produced between 17:00 and 19:00 is worth USD 55–65/MWh — more than double.
 
A conventional flat panel produces most of its energy when the market demands it least. A reflect10 panel produces more when the market wants it most.
 
This is not a commercial claim. It is a measured consequence of geometry.
 
A LICENCE, NOT A RECIPE
The reflect10 licence grants access to a fundamental physical principle — not a finished product. Each licensed manufacturer has complete freedom to optimise cavity angles, reflective materials, multi-face configurations, and integration with its cell technologies — and to differentiate itself not only from flat-panel manufacturers, but also from other reflect10 licensees. Access is granted to know-how, trade secrets, and protected strategic information.
 
All licensees start from the same principle, but none will arrive at exactly the same product. The greater the optimisation, the higher the recurring royalties.
 
WHAT WILL BECOME OF THE FLAT PANEL?
Institutional markets, farm operators, infrastructure banks, sovereign wealth funds, and governments committed to COP28 targets will make their investment decisions by comparing two categories of product: those that produce as before, and those that produce more during critical hours, over a longer period, in all weather conditions, with a recurring revenue model.
 
In the context of tenders, financing packages, and levelised cost of energy analyses, the flat panel risks being evaluated against "reflectricity" — a system that is structurally superior on the primary economic parameters.
 
It is anticipated that manufacturers who integrate "reflectricity" into their production lines before this transition takes hold will not merely be selling a better product. They will be selling the only product that belongs to the era of royalties and long-term financial sustainability.
 
On 26 May 2026, *The Economist* publicly posed this question to the global solar industry: *"Could anything bring back solar's golden days?"*
"Reflectricity" is available today. This auction is the answer.
 
WAVE 1 AUCTION CONDITIONS
 
Number of standard licences: Maximum 50 worldwide non-exclusive licences for panel manufacturers serving the utility-scale solar market.
 
Number of VIP licences (included within the 50): Maximum 10 worldwide non-exclusive licences for panel manufacturers serving the utility-scale solar market. These licences are offered at a fixed price of €500M and are granted immediately, without delay.
 
- Eligibility: Any legally incorporated solar panel manufacturer in any country, without national restriction or territorial exclusion. Consortia, sovereign wealth funds, investment funds, and joint ventures meeting this criterion are eligible.
- Automatic exclusion criteria: Insolvency or court-supervised restructuring proceedings in progress at the time of submission; active intellectual property dispute with reflect10; failure to sign the prerequisite NDA.
 
Ten additional Energy Legacy Partner licences.
reflect10 has chosen to extend an invitation to traditional energy groups to consider the solar transition. Ten transition licences are available at a fixed price of €500,000,000 each, entirely separate from the manufacturer licences.
 
- Eligible parties include oil and gas companies and major integrated energy groups with annual turnover exceeding €5 billion, as well as sovereign wealth funds with a fossil energy mandate.
 
Registration / Data Room Access Fee (for licences other than VIP and Legacy Partner licences):
 
€200,000 non-refundable, payable by bank transfer to reflect10 or an affiliated entity of reflect10. This amount covers: access to the secured data room (30 days), one individual technical Q&A session (60 minutes, video conference), and administrative support throughout the process.
 
Non-Disclosure Agreement (NDA): Mandatory prior to any data room access for any company and its authorised representatives. Includes a penalty clause in the event of documented breach, a prohibition on reverse engineering, and an irrevocable undertaking not to copy the information.
 
Wave 1 Auction Deadline:
August 14th, 2026 at 23:59 (Quebec City, Canada time). reflect10 reserves the right to extend the process.
 
Target market launch date: Summer Solstice, 21 June 2027, common to all Wave 1 licensees. However, manufacturers wishing to launch their product earlier shall have the freedom to do so.
 
Escrow deposit:
Upon submission of an offer, 20% of the proposed amount is placed in escrow. This deposit is:
Ce dépôt est
refundable if reflect10 declines the proposal;
non-refundable if the candidate withdraws.
 
In the event of withdrawal, the NDA remains in full force. No submitted proposal may be withdrawn. It may, however, be increased by each participant prior to the close of the process.
 
PRIORITY ACCESS FOR THE WORLD'S 20 LARGEST MANUFACTURERS
 
In recognition of their manufacturing capacity and to facilitate a deployment of industrial quality at global scale, reflect10 grants the 20 largest solar panel manufacturers in the world exclusive priority access to 20 of the 50 available licences, for a period of 20 calendar days following the official opening date of the auction.
Upon expiry of these 20 days, any licence among these 20 for which no proposal deemed satisfactory by reflect10 has been received will be released and made available to all participating manufacturers within the general Wave 1 process.
 
The 20 manufacturers benefiting from this priority access are established according to the PVBL 2025 Global Top 20 ranking, presented at the 10th Photovoltaic Century Conference in Shanghai on 10 June 2025, and the 2024–2025 shipment data published by InfoLink Consulting:
 
1. JinkoSolar Holding — China (~90 GW shipped in 2024)
2. LONGi Green Energy — China (82.32 GW shipped in 2024)
3. Trina Solar — China (+70 GW shipped in 2024)
4. JA Solar Technology — China (+70 GW shipped in 2024)
5. Tongwei Solar (TW Solar) — China (45.71 GW shipped in 2024)
6. Astronergy / CHINT Solar — China (40.20 GW shipped in 2024)
7. Canadian Solar — Canada (31.10 GW shipped in 2024)
8. GCL System Integration — China
9. DAS Solar — China
10. Yingli Energy — China
11. DMEGC Solar (Hengdian Dongci) — China
12. First Solar — United States (sole American manufacturer in the global ranking)
13. AIKO Solar — China (BC technology, entered the top ranking in 2025)
14. Huasun Energy — China (HJT technology, rapid ascent)
15. Risen Energy — China
16. Hanwha Qcells — South Korea / Germany (strong presence in Europe and North America)
17. Maxeon Solar Technologies — Singapore / United States
18. Jolywood — China
19. HT-SAAE — China
20. Runergy / Hyperion — China
 
*Source: PVBL Global Top 20 Photovoltaic Module Manufacturers 2025, 10th Photovoltaic Century Conference, Shanghai, 10 June 2025; InfoLink Consulting, Global PV Module Shipments Ranking 2024–2025.*
*Note: Positions 8 to 20 are ranked according to the best consolidated data available as at June 2026.*
 
"Reflectricity" is not a technology working against fossil fuels — it is the tool that enables major energy players to become champions of the transition, by putting their capital, networks, and expertise to work in the service of amplified solar energy. Priority of award is determined strictly in order of receipt of confirmed commitments.
 
THE WINDOW IS CLOSING
Wave 1 licensees will have approximately 18 months of exclusive advantage before any possible Wave 2 of additional licences. During this period, they will develop their production lines, establish their commercial partnerships, and begin delivering their first reflect10 modules to solar farms worldwide.
 
A potential Wave 2 of licences cannot take effect before Spring 2028 at the earliest. This timeline is enshrined in a resolution of the Fiducie des Braves 2021 and cannot be amended.
 
In the event that the level of participation in Wave 1 is not deemed satisfactory, reflect10 reserves the absolute right to extend it, without obligation to provide justification, or to grant a single worldwide exclusive licence to a licensee of its choosing, or to sell the exclusive licence to a buyer of its choosing.
 
WHAT WILL BE ACCESSIBLE IN THE DATA ROOM
Access upon registration (prior to proposal submission)
  • Full IPVF scientific opinion (ref. IPVF-2026-DG-009, 7 May 2026)
  • Authorised citations and extracts from the INO report (ref. INO-262879 R01)
  • Three PCT patent applications (not yet published)
  • Original patent filed in January 2025 (priority established)
  • CIPO / WIPO International Search Report on one of the three applications — 18/18 claims validated
  • E3C Goutte expert letter — Summary of 1,800 hours of field trials
  • 4-page field report — summary of trials across two continents
Access post-signature and licence payment
  • White paper — industrial implementation guide
  • Analysis of a production line for cells for standard modules with a view to using it for manufacturing reflect10 modules
  • Full INO report — all simulations and configurations tested
  • Complete raw data from nine months of field trials (1,800 hours)
YOUR DECISION
You are reading this document because someone, somewhere in your network, judged that you should be part of this process.
Major industrial decisions have always looked like this: a disruptive technology appears. Those who adopt it first are the winners. One need only recall Kodak, Nokia, or Blockbuster to grasp what is at stake.
 
The data is in the data room. Independent experts have signed. The PCT patent applications are filed. The trials were conducted across two continents with a remarkable trend.
 
The best time to act is now.
 
reflect10: The geometric era begins here.r
 
LEGAL NOTICE
All performance data and other information mentioned in this document or otherwise made available are based on trials conducted under real-world conditions using proof-of-concept prototypes and do not constitute a guarantee of performance at industrial scale. The licence that may be granted by reflect10 confers a right to exploit the know-how, trade secrets, and other protected information and intellectual property related to "reflectricity", including the three PCT patent applications currently pending. The final grant of patents in each national jurisdiction cannot be guaranteed. The licensee acknowledges that it is obtaining a right of access to documented know-how, trade secrets, and other strategic data, including performance data and optimised technical configurations, independently of the final status of the patent applications. reflect10 makes no representations or warranties of any kind and expressly disclaims all such representations and warranties.
 
During the auction period, all proposals, their number, and their nature remain strictly confidential. Only information expressly made public by reflect10 may be disseminated.
 
reflect10, authorised subsidiary of the Fiducie des Braves 2021
410 - 1020 rue Bouvier, Québec (Québec) G2K 0K9, Canada reflect10.com


Media relations

Caroline Elbaz‑Zenatti

Paris, France  

Phone: +33 06 63 73 79 42
Email: c.elbazzenatti@cez-presse.fr

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