Polish perovskite cells developer Saule lures Japanese backing
Japanese businessman Hideo Sawada has agreed to invest an unspecified sum in Saule Technologies, soon after the Polish perovskites solar cells developer received governmental support.
The investment agreement was signed on Thursday in the presence of Poland’s Deputy Prime Minister and Minister of Economy, Janusz Piechocinski, according to a press release.
Saule Technologies was founded just a year ago by Polish physicist Olga Malinkiewicz. The objective set by the company is to combine perovskite cells with other currently available products. For this purpose, Saule has been developing a flexible and semi-transparent cell based on PET foil.
Commenting on the newly-agreed investment, Saule’s president Piotr Krych said that the firm will now accelerate work on implementing its technology.
Last month, the company received a state subsidy of more than PLN 25 million (USD 6.7m/EUR 5.9m) from the government’s National Centre for Research and Development (NCBR). It also started working with ARP Venture, which is part of state-owned Grupa Kapitalowa Agencji Rozwoju Przemyslu.