Dyesol plans to distribute solid-state DSCs via Tata Steel UK network

Oct 13, 2014 - Dyesol Ltd (ASX:DYE) on Friday unveiled a letter of intent (LoI) with the UK unit of India’s Tata Steel Ltd (BOM:500470), outlining a proposed distribution pact for the Australian firm’s solid-state dye solar cells (ssDSCs).

The photovoltaic (PV) systems developer said in a statement the move would help it establish a commercial base in the UK to develop, produce and distribute its solid-state DSC technology. Under the proposed five-year deal, Dyesol will have the chance to use the local distribution network of Tata Steel UK in the event that the Australian company develops a viable product. The agreement does not impose exclusivity upon Dyesol, it noted.

The company mentioned its milestone-based technology development plan is being carried out as expected. Its key targets include the development of large area prototypes by 2016, pilot line manufacturing by 2017 and mass production by 2018. Dyesol went on to say it expects its revised product line to address opportunities in both free-standing and building-integrated photovoltaic (BIPV) installations.

In May 2013, Dyesol announced it had achieved an efficiency of 11.3% at full sun using the solid-state DSCs.

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