Greatcell Solar has announced that it has finalized and signed a funding agreement with the Australian Renewable Energy Agency (ARENA) for a 6 million AUD (around $4.5 million USD) grant under the Advancing Renewables Program (ARP). The grant will assist in developing a world-class prototype facility in Australia for the fabrication of high quality, large area, current generation and next generation perovskite devices, an essential prerequisite to large scale manufacture.
The grant will assist Greatcell to accelerate its scale-up and prototyping activities that are critical to its commercialization objectives, and is said to clearly demonstrate the importance of ARENA in supporting the development of renewable energy technology in Australia.
Greatcell Solar Managing Director, Richard Caldwell remarked: 'Securing the ARENA grant is a vital step in the relentless drive to establish Perovskite Solar Cell PV as a key technology in the renewable energy mix. Above all, the technology is cost competitive with both fossil fuels and alternative renewable energy sources. Greatcell is leading the world in the commercialization of disruptive and game changing renewable energy technology. We are indebted to the Australian government's vision and financial support.'
The new ARENA funding follows an earlier ARENA grant of $450,000 to prove perovskite solar cells were both efficient and stable, confirming the potential viability and cost-competitiveness of developing them for commercial-scale manufacture.