Australian manufacturer Greatcell Solar has received a $6 million windfall to push the envelope on the development of perovskite solar cell (PSC) technology.
The grant was made by the Australian Renewable Energy Agency (ARENA) under the Advancing Renewables Program (ARP), and will be used to accelerate Greatcell’s manufacturing operations.
Based in New South Wales, the company is a global leader in the development and commercialisation of PSC technology, which can be applied to glass, metal, polymers or cement to produce a stable source of power.
The funding follows on from an earlier ARENA grant of $450,000 to prove perovskite solar cells were both efficient and stable, confirming the potential viability and cost-competitiveness to manufacture the technology on a commercial-scale.
“Securing the ARENA grant is a vital step in the relentless drive to establish perovskite solar cell PV as a key technology in the renewable energy mix,” said Greatcell Solar managing director, Richard Caldwell.
“Above all, the technology is cost-competitive with both fossil fuels and alternative renewable energy sources.
“Greatcell is leading the world in the commercialisation of disruptive and game-changing renewable energy technology. We are indebted to the Australian government’s vision and financial support.”