Australian renewable energy firm, Dyesol Limited has signed a Research Collaboration Agreement with the Energy Research Institute at Nanyang Technological University (ERI@N) in Singapore for a period of two years.
The research collaboration agreement will see a sharing of resources to create scalable and commercially feasible solid state Dye Solar Cell (DSC) technology, a low-cost renewable energy technology that operates efficiently in variable and low-light conditions.
Describing the collaboration as one that leverages their complementary skill sets, Dyesol CEO Gordon Thompson explains that NTU will provide the innovation inspiration while Dyesol will provide the development perspiration by scaling-up and testing for durability the small-scale technology developed by NTU.
Under the agreement, NTU and Dyesol will share Intellectual Property (IP) and Dyesol will have the opportunity to take out commercialisation rights for the new IP granted under this agreement.
ERI@N Executive Director, Prof. Subodh Mhaisalkar said the DSC is currently one of the most promising technologies for achieving cost-efficient solar cell technologies based on earth abundant and low cost materials such as titanium dioxides.
A key aim of the upcoming projects would be to optimise the solid state DSC devices to high efficiency cells, which are more reliable and more amenable to scaling and manufacturing than conventional liquid electrolyte based solar cells. Prof. Mhaisalkar added that the partnership with Dyesol is an important synergy for ERI@N as it enables them to make significant impact in the area of solar energy capture and storage.
The project will be overseen by the inventor of Dye Solar Cell technology, celebrated photo-chemist Professor Michael Graetzel, who is Chairman of both the Energy Research Institute at NTU’s (ERI@N) Scientific Advisory Board and Dyesol’s Technical Advisory Board.