UK-based perovskite technology developer Oxford PV has closed an £8 million (US$12.15 million) first-tranche B equity round to continue to develop its solar perovskite technology. The round doubles the amount of equity investment Oxford PV has raised to date.
This latest generation of the company’s kerfless wafer production machinery, which avoids feedstock waste by forming wafers directly from molten silicon, is designed to make more than 5 MW per year.
The Dresden-based organic PV provider is partnering with vTrium Energy on a pilot program that will contribute to the creation of a base for Singapore’s future energy mix while also delivering comprehensive data on the performance of the company’s solar films in tropical climates.
Researchers replaced intermediate films consisting of cadmium sulfide and zinc oxide with zinc oxysulfide and zinc magnesium oxide. As a buffer layer, zinc oxide-sulfide is more transparent to light in the blue wavelength range, providing more sunlight to the CIGS absorber layer.
Financed by the European Commission, the Performance Plus project was launched with the goal of making PV systems more reliable and cost-effective and improving their overall performance.
The new record for cadmium-telluride cell conversion efficiency certified at the Newport Corporation’s Technology and Applications Center lab boosts First Solar’s research roadmap.
Higher efficiencies and levelized costs of electricity at levels similar to ordinary PV reported as CPV sector set to grow in 2015.
Announcements arrives amid international cooperation on off-grid technology
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