News Article

DayStar Invests In Next Generation CIGS Technology

The solar firm has approved the acquisition of a 20 percent equity ownership in BC-based Premier Global Holdings Corporation

Premier has demonstrated solar cells that are the first to combine energy generation and power storage in one cell.

DayStar is to issue $12 million in preferred stock in return for the 20 percent equity ownership position in privately held Premier. The preferred can be converted to common stock at $1.60 per share, and will pay an in-kind dividend of 5 percent per annum.

According to its president, John Crawford, "Premier's photosynthesis photovoltaic (PV)

promises significantly lower total solar energy costs, good performance in low lighting conditions, along with a significantly reduced footprint, and a wide range of possible form factors."

"Crawford, who served as Director of Strategic Ventures for the Energiser Holdings (ENR) before resigning to become President of Premier said he "looks forward to a successful partnership with DayStar, and its important network of affiliates and advisors throughout the world."

Lorne Roseborough, DayStar President, says this new technology represents a "fundamental change" in the business model for solar energy, and "will provide Daystar with a significant competitive advantage in its efforts to facilitate utilities and their customers in designing more cost effective and profitable renewable energy projects."

Developed at the University of British Columbia (UBC), the new technology integrates photosynthesis into the photovoltaic (PV) system permitting for the first time, simultaneous generation and storage in a single solar cell.

The system addresses the natural intermittency of Solar (PV) and can make solar power available under low or no direct sun conditions; the result is a built-in solution for reducing total demand on the local electrical grid. Each battery-like cell comes complete with two electrodes and an electrolyte.

Light is absorbed by harvesting light molecules in the electrolyte. Charges are then transferred between the excited light harvesting molecules and mediator molecules that are also in the electrolyte with nearly perfect quantum efficiency. The mediators store the harvested energy, which can then be extracted at the electrodes on demand.

According to Roseborough, "The technology will enable the deployment of units that could be built into apartments, offices, homes, and industrial sites, providing power during utility system outages and natural disasters."

Day Star views this as a long-term strategic investment, he adds, "Having assembled a team of world class engineers and system designers, and developed or co developed projects now or soon to be underway around the world using today's technology, we are very well aware the critical role new technology will play in the expansion of the solar market.

"By investing in Premier we gain access to an important piece of that future," Roseborough says, "Without committing the company to fund and manage its own research and development 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.



Search the news archive

To close this popup you can press escape or click the close icon.
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:
Live Event