Greatcell Energy - Page 4

Solliance has achieved a new world record for Perovskite Solar Cell technology demonstrated on industrially applicable Roll-to-Roll (R2R) processes of 13.5% conversion efficiency at cell level. The group stressed that the records were achieved in a factory setting, using an industrially scalable process.

Solliance has achieved the conversion efficiency of 13.5% and module-level aperture area conversion efficiency of 12.2% for perovskite-based photovoltaics using industrially-applicable, roll-to-roll production processes. By further optimizing and re-validating processes that were earlier developed buy Solliance, the performance at both the cell and module level have been improved.

GreatCell Solar, developer of solar technologies, was awarded 700,000 euro (about $825 million USD) in a European Union Horizon 2020 project known as Apolo. The grant to Greatcell's application has occurred through its 100% Italian subsidiary, Greatcell Solar Italy located in Rome, that aims to commercialize perovskite solar technology.

Much of the work involved will investigate advanced technology for higher efficiencies, longer life, and improved encapsulation of PSC-enabled flexible substrates, such as metals and polymers. These are all critical in the successful translation of the 3rd generation PSC photovoltaic (PV) technology from the laboratory to the factory and satisfying PV industry accreditation (IEC 61215).

GreatCell Solar, the Australia-based materials company formerly called Dyesol, has been awarded a AUS$6m (around $4.75 million USD) grant from the Australian Renewable Energy Agency (ARENA) for the Perovskite Solar Cell Technology - Large Area Module Development Project.

The company has also set out to raise around $5 million AUS ($4 million USD) as part of the project funding. This should enable Greatcell to accelerate the scale-up and prototyping activities to commercialize the company's technology.

GreatCell Solar (formerly Dyesol), has announced a $5 million AUD (almost $4 million USD) share purchase plan to raise funds to continue work on technology scale-up, testing and accreditation, equipment procurement and facilities fit-out, as well as for general working capital purposes.

Greatcell is offering eligible shareholders the opportunity to purchase fully paid ordinary shares (New Shares) at an issue price of $0.18 per New Share, which is a discount of approximately 13.5% to the volume weighted average price of Greatcell's shares on the ASX during the 5 trading days immediately prior to today. All New Shares will be quoted on ASX and will rank equally with other fully paid ordinary shares on issue.

The Australia-based Greatcell (formerly known as Dyesol), has signed a non-exclusive Memorandum of Understanding (MOU) with JinkoSolar, according to which the Chinese headquartered solar PV manufacturer will be given access to the company's developmental perovskite solar cells (PSC), with a long term goal to establish a formal agreement to commercialize the technology and commence large scale manufacturing.

Greatcell said that the relationship had formed over months of discussion and with the close support of Nanyang Technology University (NTU), its academic research collaboration partner in Singapore.