Greatcell Solar awarded €500,000 in EU Horizon 2020 project

Greatcell Solar has been awarded €500,000 in a European Union Horizon 2020 project known as H2020-SGA-FET-GRAPHENE. The grant to Greatcell's application has occurred through its 100% Italian subsidiary, Greatcell Solar Italy, located in Rome.

The H2020 project is for the innovative development and the installation of a Perovskite Solar Cell (PSC) 10m² array in the Greek island of Crete and aligns closely with Greatcell's existing technology development plan. Much of the work involved will investigate advanced technology for higher efficiencies, longer life and improved encapsulation of PSC enabled glass substrates, investigating in particular the usage of Graphene in PSC solar cells.

Greatcell has a multi-generational technology development plan with the objective of producing PV technology that generates electricity for as low as 3.5 US cents per kWh or 20 - 25 US cents per watt-peak (Wp). This is significantly lower than existing, competitive PV technologies.

Commercialization Schedule of the H2020 Graphene project will be conducted within the Graphene flagship, one of the largest technological alliances in the EU, which includes the following partners: the Alternative Energies and Atomic Energy Commission of France (CEA), University of Rome Tor Vergata and Technical Educational Institute of Crete.