September 26 (Renewables Now) - A partnership between UK perovskite solar firm Oxford PV and Oxford University has been awarded a UK government grant for a five-year research project to develop an all-perovskite solar cell, Oxford PV said today.
The objective of the GBP-5-million (USD 6.6m/EUR 5.6m) project is the development of a thin-film multi-junction perovskite solar cell with a target 37% efficiency and long-term stability.
The Engineering and Physical Sciences Research Council (EPSRC) has awarded the project GBP 2.5 million, as part of its Prosperity Partnerships programme. The remainder of the project funds are provided by Oxford PV.
Oxford PV's chief technology officer Chris Case said that the company's commercial focus remains on its two-terminal perovskite-on-silicon tandem solar cell technology. It is currently producing commercial sized perovskite-on-silicon tandem solar cells at its pilot line.
"Longer term, providing the PV industry with a low cost solar cell technology that could reach an efficiency level of nearly 40%, is an exciting prospect that would further transform global solar energy generation – helping drive the world toward an all-electric future," Case also said.
(GBP 1 = USD 1.316/EUR 1.119)