Greatcell Solar (ASX:GSL) has signed a non-binding agreement with JinkoSolar (NYSE:JKS), a Chinese headquartered company and one of the world’s largest photovoltaic (PV) solar panel manufacturers.
The relationship has formed over several months of discussion and with the close support of Nanyang Technology University (NTU), Greatcell’s academic research collaboration partner in Singapore.
Greatcell Solar is developing and commercialising Perovskite Solar Cell (PSC) technology - third generation photovoltaic technology that can be applied to glass, metal, polymers or cement.
As part of the new agreement, Greatcell will make available developmental PSC devices and associated information to enable JinkoSolar to further evaluate the technology.
The long-term aim is to enter into a formal agreement to commercialise the technology and establish large scale manufacturing.
Greatcell’s technology has lower embodied energy in manufacture, produces stable electrical current, and has a strong competitive advantage in low light conditions relative to incumbent PV technologies.
This technology can be directly integrated into the building envelope to achieve highly competitive building integrated photovoltaics (BIPV).
Dyesol Limited changed its name to Greatcell Solar last month. The effective date for the change of name on the ASX was Monday, 26 June 2017.