Greatcell Energy - Page 2

Worksport, a developer of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based green energy solutions, has announced that it has entered into a joint collaboration with Greatcell Solar Italy.

Worksport partners with industry-leading solar providers for flexible, high efficiency, mono-crystalline panels for their Terravis systems, currently available for pre-order.

The Directors of Greatcell Solar have sadly announced that a decision was taken to appoint administrators to the Greatcell Solar group of companies following sustained, but ultimately unsuccessful, attempts to secure re-financing for its activities.

Greatcell Solar Limited, Greatcell Solar Industries and Greatcell Solar Australia were placed into voluntary administration. The decision follows a series of unfortunate and unwelcome developments in recent weeks, including the untimely death of Chief Scientist, Dr Hans Desilvestro in a mountaineering accident on 10 November.

Greatcell Solar has provided an update on matters relating to its current financial position.

Greatcell reports that significant progress has been achieved in recent weeks; An agreement has been reached with the Australian Renewable Energy Agency (ARENA) on variations to a previously signed funding agreement, which will result in a payment of $425,000 AUD (around $307,200 USD) to Greatcell.

Greatcell 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.

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.