Australia-based Dyesol has announced the signing of a letter of intent (LOI) to collaborate with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) in the development of perovskite solar cells (PSC).

The LOI creates a non-binding framework for collaboration and coordination between the two organizations. The collaboration aims to be a step towards the development of commercially viable PSC technology. CSIRO is currently the 4th largest shareholder in Dyesol. The two have worked together in the past, collaborating in 2010 on materials for dye sensitized solar cells. Since then, Dyesol has shifted to focus on PSC development.