Australian renewable energy firm, Dyesol Limited, and the Energy Research Institute at Nanyang Technological University in Singapore have signed a research agreement which both sides see as another step towards advancing their international research collaboration plans.
The two-year Research Collaboration Agreement includes a sharing of resources to create scalable and commercially feasible solid state Dye Solar Cell technology (DSC) technology, a low-cost renewable energy technology that operates efficiently in variable and low-light conditions.
Under the agreement, NTU and Dyesol will share intellectual property and Dyesol will have the opportunity to take out commercialisation rights for the new IP granted under this agreement.
Dyesol CEO Gordon Thompson described the collaboration as “highly beneficial” for both parties as it leveraged their complementary skill sets.
Thompson said: “NTU will provide the innovation inspiration, and Dyesol will provide the development perspiration by scaling-up and testing for durability the small-scale technology that NTU will develop.”
He added: “It is a lot of work to go from a test cell to something that is industrially scalable, in terms of performance, durability, and cost, and that is where we spend more time in Australia. By working together to create scalable and commercially feasible solid state DSC we will open up a huge range of applications where we are currently limited with the materials we have.”