» Financial

Financial

Greatcell Solar sells 50% of its materials production division

Greatcell logo imageGreatcell Solar ("GSL") has provided an update on matters relating to its current financial position. The Company has agreed to sell 50% of its materials production assets to Dr. Yanek Hebting, the current GSL production manager who has served in that role for over ten years.

The deal anticipates a future 100% transfer of the production assets upon the completion of payments totaling AUD $1 million (almost USD $718,000) by 30 September 2019 and additional payments for FY2020 and FY2021 based on future earnings.

Read the full story Posted: Sep 04, 2018

Ascent Solar Technologies secures DoE funding for CIGS/perovskite project

Ascent Solar Technologies, a manufacturer of flexible thin-film photovoltaic (PV) solutions, has been selected by the US Department of Energy (DOE), supported by the Office of Technology Transitions (OTT) Technology Commercialization Fund (TCF), for two exclusive development projects.

As part of the awards, worth up to $100,000 each, Ascent Solar is to work towards commercialization of sputtered Zn(O,S) buffers in flexible CIGS solar cells and also development of next-generation, high-efficiency Perovskite/CIGS tandem cell. These projects are part of Ascent Solar’s plans for next-generation lightweight and flexible solar cells.

Read the full story Posted: Sep 03, 2018

Oxford PV receives a €2.8 million grant to prepare perovskite-silicon solar cell production for high volume manufacture

Oxford Photovoltaics (PV) has been awarded a €2.8 million grant from the German Ministry of Economic Affairs and Energy to prepare perovskite-silicon solar cells for high-volume manufacturing. The technology consortium is by headed by Oxford PV and includes specialist PV equipment manufacturer VON ARDENNE and three German institutes, Fraunhofer Institute for Solar Energy Systems, Helmholtz-Zentrum Berlin (HZB) and the Technical University of Berlin.

The newly funded project focuses on the optimization of the perovskite-silicon tandem solar cell architecture, to make further efficiency improvements on industrial 156 mm x 156 mm wafer formats. Importantly, this will include the refinement of industrial scale process technology as well as life-cycle analysis on the social-environmental impact of such cells.

Read the full story Posted: Aug 23, 2018

Researchers calculate that a 32% perovskite/silicon tandem cell solar will still be competitive at triple the price

Researchers from Arizona State University’s Fulton Schools of Engineering have calculated that a 32% efficient perovskite-silicon tandem cell could produce electricity at the same price as cutting-edge 22% efficient panels in the most cost-competitive of situations.

ASU team finds that a 32% tandem cell solar still competitive at triple the price

The paper specifies: “…a large cost benefit will not necessarily be needed to prefer tandem systems over single-junction systems, because higher efficiencies bring additional perceived benefits such as reduced installation area. It is, however, necessary that the path leading to such a tandem be continuously profitable.”

Read the full story Posted: Aug 08, 2018

EU establishes the MAESTRO project - a €4 million program for perovskite solar materials research

The European Commission has established a new research training network, led by the University of Bath, to make perovskites "truly exploitable" and make perovskite-based devices commercially viable. The new program, called MAESTRO, has been given €4 million in funding and has begun hiring researchers to gain new knowledge and provide innovation in the exploitation of perovskite materials.

A trans-European project, MAESTRO is an inter-sectoral and multidisciplinary network of 10 academic and seven industrial partners from nine EU and EU-Associated countries: the UK, Italy, Spain, Greece, Germany, Poland, Lithuania, Israel and Switzerland.

Read the full story Posted: May 31, 2018