Info
Info
News Article

Oxford PV Attracts £21 Million Funding Over 18 Months

Funding helps to bring perovskite technology closer to commercialisation

Oxford Photovoltaics, has announced an equity investment of £8.7 million by new and existing shareholders. It brings the total equity raised to £21.3 million ($27 million) over the past 18 months. Further investment is expected before the end of the year. 

A portion of the funding has already been earmarked to develop a demonstration line to showcase Oxford PV's perovskite technology to manufacturers, bringing the company one step closer to commercialisation.

Applied as a thin film layer in tandem with an active silicon cell, perovskite can boost cell output by around 30 per cent, according to the company.

"Energy consumption is set to double within the next 20 to 30 years. Perovskite has the potential to radically improve the efficiency of solar PV and meet the world's energy demand into the future," says Frank Averdung, CEO of Oxford PV.

"Our technology has already demonstrated the efficiency and stability necessary to engage commercially with major industry players and become a key part of enhancing solar energy supply in years to come. This investment will support Oxford PV as we take large steps towards commercialisation. I would like to thank our Board and shareholders for their support and for sharing our vision," he added.

David Fyfe, chairman of Oxford PV, said: "We are gratified to have attracted not only reinvestment from many of our current shareholders but we have added some new and substantial ones with the promise of yet more funding later this year. This is a tribute to the achievement of key strategic goals by the management team."



AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.

REGISTER FOR FREE

VIEW SESSIONS

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
×
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}
Live Event