The grant will enable the company to accelerate their scale-up and prototyping activities that are absolutely critical to their commercialisation path objectives
Greatcell Solar (formerly Dyesol Limited) has announced that they have received a letter of negotiation for a AU$6 million Australian Renewable Energy Agency (ARENA) grant.
The grant aims to supports perovskite solar cell technology - large area module development project under the Advancing Renewables Program (ARP) of ARENA.
The grant award is subject to meeting terms and conditions, including:
- Completion of all final project documents, including the ARENA Funding Agreement and Knowledge Sharing Agreement in a form and substance satisfactory to ARENA;
- A minimum of AU$5.0 million (excluding GST) in new capital being raised, exclusive of ARENA’s funding contribution.
- The grant evaluation process involved advice from world-class 3rd generation solar photovoltaics (PV) experts and strongly validates the potential of our Perovskite Solar Cell (PSC) technology and development strategy.
Greatcell said that it will enable the company to accelerate their scale-up and prototyping activities that are absolutely critical to their commercialisation path objectives.
This grant demonstrates the importance of ARENA in supporting the development of renewable energy technology in Australia.
About Greatcell Solar
Greatcell Solar is a global leader in the development and commercialisation of Perovskite Solar Cell (PSC) technology – 3rd Generation photovoltaic technology that can be applied to glass, metal, polymers or cement.
Greatcell Solar manufactures and supplies high performance materials and is focused on the successful commercialisation of PSC photovoltaics.
It is a publicly listed company: Australian Securities Exchange ASX (GSL) and German Open Market (D5I).
Source: Greatcell Solar
About ARENA (Australian Renewable Energy Agency)
ARENA was established by the Australian Government to make renewable energy technologies more affordable and increase the amount of renewable energy used in Australia. ARENA invests in renewable energy projects, supports research and development activities, boosts job creation and industry development, and increases knowledge about renewable energy. ARENA is currently supporting more than 200 projects and is actively seeking new projects to support.
Source: ARENA (Australian Renewable Energy Agency)
