Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTFebruary 28 (Renewables Now) - UK firm Power Rollm Ltd last week opened its pilot solar film manufacturing facility, located in Jade Business Park in County Durham, North East England.
The facility, currently employing 34 people, will produce low-cost, lightweight, flexible solar film using the company’s patented micro-groove technology.
Power Roll’s flexible film is intended to facilitate solar deployment in the built environment, for instance warehouses and agricultural sheds with weaker roofs, and other applications such as off-grid and on vehicles where traditional solar panels could be too heavy or expensive.
“Developed in the UK, our unique micro-groove design enables a manufacturing process that uses a roll-to-roll technique similar to many low-cost print processes in use today,” explained chief executive Neil Spann.
“We will fully demonstrate our technology at our Durham facility and will partner with large companies in the UK and overseas to globally scale up the solar film manufacturing,” Spann added.
Power Roll last week also announced the raising of GBP 5.8 million (USD 7.8m/EUR 6.9m) in equity, bringing the total investment it has secured so far to over GBP 20 million. The funds will be used for the development and scaling of its technology.
(GBP 1 = USD 1.339/EUR 1.194)
Weekly renewables M&A round-up (Jun 27-Jul 1)
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