Sun shines on Dyesol with $1.4 million boost
Perovskite solar hopeful Dyesol (ASX:DYE) has managed to bag a cash boost – awarded £800,000 ($A1.4 million) from a UK agency.
Dyesol told its shareholders this morning that it had managed to bag the cash from the Engineering and Physical Sciences Research Council, for joint research between DYE and Cristal, and the University of York into oxide films.
In particular, the trio have been working on an oxide film which can be applied to DYE’s perovskite solar cells which could potentially provide a performance uplift.
The company said that in early experiments, the film the trio had created translated into a 2-3% uplift in conversion efficiency – and therefore considered a vital component in the industrialisation of DYE’s technology.
With the cash, the trio will try to better understand the chemical reaction happening inside the film, and how to apply it to larger surface areas – potentially opening the way for even greater energy conversion in the future.
It warned that it was still early days though, so investors should not expect a 2-3% efficiency gain straight out of the gate. Always consult a professional financial advisor before investing.
Dyesol and Cristal have recently filed a provisional patent to begin commercial protection of its work.
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.
Perovskites in general is starting to be thought about more in the solar cell space, as it is easier to manufacture and are more adaptable than stock-standard solar cells.
Perovskites are a wide-ranging class of materials in which organic molecules made mostly of carbon and hydrogen bind with a metal such as lead and a halogen such as chlorine in a three-dimensional crystal lattice.
Manufacturers can mix up batches of liquid solutions and then deposit the perovskites as thin films on surfaces of virtually any shape, as the film weighs very little.
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.