Dyesol ready for the market after breakthrough
Written by Ross Kendall
Wednesday, 22 May 2013
A "game changing" technical breakthrough by solar power company Dyesol that will give it access to "the multi-billion dollar global Building Integrated Photovoltaic market," has seen the company's shareprice double. Dyesol (ASX: DYE) announced it has lifted solid-state Dye Solar Cell efficiency levels to 11.3 per cent at full sun, up from 5 per cent in 2010.
The Australian company is also confident of achieving industrial efficiencies greater than 10 per cent because of the added simplicity of working with solid-state systems.
At this level of module performance the technology will be grid competitive - the 'holy grail' for renewable energy technologies, Dyesol announced.
The breakthrough comes as the technology transitions from liquid-based to solid-state systems to meet the demands of product life and mass manufacture.
It is envisioned that the DSC technology, likened to artificial photosynthesis, will be incorporated directly into building materials like roofs and windows.
The achievement is particularly important in solar markets where light conditions are sub-optimal, such as Europe, North America and North-East Asia. Areas where Dyesol said its technology has a considerable advantage over standard photovoltaic technologies.
Chairman Richard Caldwell said: "The business case for solar remains compelling, however there is every reason to question which technologies will emerge from the current solar industry maelstrom as winners. Today's announcement represents a quantum leap for Dyesol and its" commercialisation partners and we look forward to a rapid transition from the laboratory to the production line".
Dyesol last traded at $0.31 in a 52-week range of $0.10 to $0.41 |
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