New partnership with ARENA puts Dyesol on target to achieve its solar cell milestones
Dyesol (ASX:DSE) has moved closer to manufacture and commercialisation after reaching agreement with the Australian Renewable Energy Agency (ARENA) for funding support to the tune of $449,000 to progress its Perovskite Solar Cell (PSC) technology.
There is growing interest in PSC technology as it offers lower cost, better versatility and has the ability to outperform silicon solar panels in low light conditions. This technology can be directly integrated into the building envelope to achieve highly competitive building integrated PV technology.
The funding will see Dyesol, a leading Australian solar innovation company, commit to the completion of its key performance targets during the first quarter of 2016.
The targets relate to the efficiency and durability of its PSC technology, with milestones set to demonstrate the technology-readiness of PSC for further commercially focused scale up and development.
“We are delighted to have reached this agreement with ARENA and look forward to an active and collaborative future for PSC industrialisation in Australia,” said Dyesol’s chief technical officer, Dr Damon Miliken.
ARENA was established by the Australian government to make renewable energy technologies more affordable and increase the amount of renewable energy used in Australia.
DYE has been working with research partners around the world including Cambridge University, Princeton and Solliance to improve efficiencies in its PSC technology and already has deals with global manufacturing giants Tata Steel and Pilkington Glass to integrate its technology into steel and glass building projects around the world.
ARENA’s support will further assist Dyesol’s commercialisation goals for this emerging PV technology.
“Dyesol‘s planned future pilot scale production facility will enable the validation of the selected manufacturing processes, material sets and resultant product conformity for larger module designs in an industrially relevant, semi-automated manufacturing operation,” Dr Miliken said.
ARENA CEO Ivor Frischknecht had high praise for Dyesol’s achievements thus far, adding he was hopeful that the agreement would help the company cement its international leadership in the PSC field.
Dyesol is a renewable energy supplier and leader in Perovskite Solar Cell technology – 3rd generation photovoltaic technology that can be applied to glass, metal, polymers or cement. Dyesol manufactures and supplies high performance materials and is focused on the successful commercialisation of PSC photovoltaics.