Every hour, enough light falls on the earth to power the planet for a year, yet today, less than 1% of global electricity is generated from solar power. Whilst supplies of fossil fuels are rapidly expiring and their emissions are blamed for unprecedented climatic effects.
Our vision is to transform the profile of solar power and energy generation through the commercialisation of the perovskite solar cell - the most rapidly improving solar technology ever seen.
Our perovskite photovoltaic cells will enable a ‘boosting’ of the performance of regular solar cell technologies such as silicon and CIGS by adding a perovskite tandem layer to improve the voltage and efficiency of the solar cell. Moreover, through the deployment of solar cells in areas where solar has traditionally struggled, for example the glass façades of high-rise commercial or residential buildings. In both cases, allowing solar energy to contribute a much higher proportion of electricity than is possible today, and helping to position PV as a significant factor in the global energy market.
The market opportunity is colossal, and we recognised early on that a licensing strategy was the best approach to commercialise and scale our process technology. Therefore, we plan to go to market by licensing our technology to PV cell/module manufacturers, for residential and utility PV and, for BIPV applications, major glass manufactures and processors in the building construction industry.