Oxford PV named in Global Cleantech list

Perovskite solar cells identified as a key innovation set to address climate change

Oxford PV, a UK perovskite solar cell company, has announced it has been selected for a place on the 2020 Global Cleantech 100 list. The list that features in Cleantech Group’s respected annual report identifies the leading companies with sustainable innovations poised to solve the world’s biggest challenges in the next five to ten years.

Frank P. Averdung, CEO at Oxford PV commented, “Inclusion on this prestigious list reinforces the confidence in our technology and its ability to make a real difference to the world. Solar panels built with Oxford PV’s perovskite-on-silicon solar cells will generate significantly more power than panels with standard silicon cells – making solar energy more affordable, accelerating its adoption, and addressing climate change. We are honoured to feature on the Cleantech 100 list and excited to be at the forefront of bringing this technology to market.”

Chris Case, Chief Technology Officer at Oxford PV added, “By combining our perovskite technology, which features a short energy payback period and very low cost with traditional silicon, we can deliver a lower levelised cost of energy, which translates into a reduced carbon footprint.”

Oxford PV announced in 2019 it was preparing for volume production of its highly efficient “plug and play” perovskite-on-silicon solar cells – a direct substitute for conventional silicon solar cells, that will be assembled into industry-standard PV modules. Manufacturing equipment orders were placed in 2019. The complete production line will commence perovskite-on-silicon solar cell production at the end of 2020.