Power Roll, developer of flexible PVs that feature a unique combination of microgrooves and perovskites, has signed a Memorandum of Understanding (MOU) with Amcor, a global packaging solutions provider.
Power Roll and Amcor’s collaboration will be focused on advancing solar-powered energy by developing a lightweight solar photovoltaic film that aims to deliver a low-cost alternative to silicon solar panels. The company has a clear focus on capitalizing on growing market opportunities, focusing on the commercialization of its solar PV microgroove technology, which is not reliant on rare earth minerals and can be manufactured using roll-to-roll processes.
Amcor has a proven track record of collaborating with start-up businesses, supporting their growth by leveraging knowledge from its own research and development teams, and exploring opportunities for joint ventures. Amcor considers technical film applications as one of its future growth opportunities in sustainability and the partnership will provide Power Roll with valuable expertise, and help accelerate their growth and innovation.
Amcor is already active in the solar photovoltaic market, utilizing its advanced barrier technologies and roll-to-roll manufacturing processes. Through this collaboration, Amcor aims to strengthen its presence in this rapidly growing sector, further exploring opportunities to produce and market components for photovoltaic film solutions.
Combining Power Roll’s ability to create the next generation of solar PV modules with Amcor’s century long experience of developing flexible packaging will maximize the prospect of harnessing solar energy all over the world. Alongside the Amcor team, Power Roll’s technology can reach new levels of effectiveness.
Frank Lehmann, vice president of Corporate Venturing and Open Innovation at Amcor spoke on the partnership: “The innovative solar film technology developed by Power Roll has the potential to revolutionize the solar energy industry, providing ultra-low-cost green electricity on a global scale. Through its partnership with Amcor, we are confident that Power Roll will continue to contribute significantly to the global transition towards net zero.”
Neil Spann, Chief Executive of Power Roll, said: “We are delighted by the support we have received from Amcor, which will allow us to accelerate our growth and expand our impact. With one in three commercial rooftops unable to handle the weight of traditional solar panels, equivalent to 12 billion m² globally, our mission is to lead a global rooftop solar revolution, starting here in County Durham, UK. The need for low-cost clean energy has never been greater and Power Roll offers a solution by leveraging these underutilized rooftops where conventional heavy and rigid silicon panels cannot be deployed as well as many other applications.”
Power Roll and Amcor will hold further discussions on final terms and arrangements for Power Roll’s ongoing funding round, which will be subject to respective internal approvals.
