Homerun Resources has signed a binding agreement to acquire Halocell Europe, a perovskite solar technology company, aiming to advance the commercialization of perovskite solar cells. Homerun Resources has agreed to purchase all of the issued and outstanding shares of Halocell Europe from Halocell Energy. This acquisition positions Homerun as a key player in the solar energy market, leveraging Halocell’s expertise and ongoing projects in Europe.
Homerun is developing a vertically integrated business within the energy transition focused on the solar and energy storage sectors. Halocell focuses on research and development of perovskite technology to produce perovskite solar cells. Halocell Europe has more than EUR 2 million in active grants for research and commercial development projects and has received more than EUR 5 million in grant contributions from various European institutions.
Halocell Europe has 18 months of working capital coverage in place for current operations.
Halocell Europe, as a subsidiary of Homerun, will continue to generate revenues from its current solutions and immediately focus on the commercialization of new perovskite solutions.
Brian Leeners, CEO of Homerun stated, “Over the past six months we have worked closely with the Halocell Europe senior management to advance a collaborative strategic plan focused on Perovskite on Glass as a natural extension for Homerun into the last mile of our Silica to Solar Vertical. Perovskite is the next generation of Solar and we are proud to now be positioned as one of the leading global participants in advancing the commercialization of Perovskite Solar. Further to the acquisition of Halocell Europe, our equity investment into Halocell Energy adds substantial value as we participate as a strategic shareholder in their focus on the commercialization of roll-to-roll Perovskite solutions in Australia.”
“Halocell Europe, currently part of the Halocell Energy group, which is a world leader in the research and development for perovskite PV, and a world leader in lamination and industrial processing technologies for perovskite PV, are grateful to Halocell Energy with whom we have shared a long path of producing exciting research and development in the most exciting solar technology of the future, perovskite-based photovoltaics. Halocell Energy is a formidable company with a very strong path for industrialization and manufacturing in Australia focusing on its’ roll-to-roll production. Halocell Europe is excited to join with the Homerun Resources group focusing on sheet-to-sheet perovskite production. This new organization will provide all the involved parties with significant advantages: while Halocell Energy will be able to focus all its energies on the roll-to-roll manufacturing plant they are building in Australia with the resources provided in this transaction, Halocell Europe will focus on its sheet-to-sheet production. Both of the companies will share the existing IP and will maintain collaboration into the future. Homerun will acquire more than a century of work years in research and development in the perovskite PV field and other competencies that will fast-track Homerun’s vertically integrated plans in the Solar Vertical of the Energy Transition. Halocell Europe and Homerun form a perfect match to initiate Perovskite PV production capability in Europe, to serve the world.” Stated Dr. Luca Sorbello, Managing Director of Halocell Europe.
Paul Moonie, Managing Director of Halocell Energy stated. “This strategic transaction benefits both companies, significantly. Halocell Europe will accelerate Homerun’s expertise in Perovskite solar technology. Halocell Europe are arguably the best in the world at glass-based lamination. Homerun’s investment in Halocell Energy is a springboard for developing a range of perovskite solar modules on flexible substrates through roll-to-roll manufacturing. This partnership is a true win-win for both companies.”
