Oxford PV taps key investors for £8.02 million in new funding

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Perovskite solar cell developer Oxford Photovoltaics (PV) has undertaken a new funding round, led by key investors, Statoil and Legal & General Capital. Image: Oxford PV

Perovskite solar cell developer Oxford Photovoltaics (PV) has undertaken a new funding round, led by key investors, Statoil and Legal & General Capital.

Oxford PV said that the £8.02 million (US$11.18 million) investment was to support its ongoing commercialisation program, which takes its perovskite-on-silicon tandem solar cell technology from the company’s new lab in Oxford, UK to industrial scale processes and equipment at the company’s process demonstration line in Brandenburg an der Havel, Germany.

Frank P. Averdung, Chief Executive Officer, at Oxford PV stated, “Over the last few years Oxford PV has built significant momentum and has now scaled up the necessary infrastructure such as R&D competencies, industrial capabilities, and a joint development partnership with a large photovoltaic player, enabling the company to maintain its leadership position in this area and bring a commercial perovskite PV solution to the silicon solar market in the near future.”

Oxford PV also noted that it had secured over £35 million in funding in the last four year and in December 2017, announced it had been granted €15 million from the European Investment Bank (EIB).

Read Next

July 26, 2021
Meyer Burger is considering its legal options after long-time heterojunction tandem solar cell manufacturing partner Oxford PV ended its collaboration agreement unexpectedly.
PV Tech Premium
June 11, 2021
Perovskite solar cells have become the focal point of many university-led studies in the past year. In the first of a new series of article on PV Tech profiling some of the leading cutting-edge solar technologies, Edith Hancock explores what is being done to remove bottlenecks to the growth of perovskites.
June 2, 2021
Solar cell manufacturer Maxwell Technologies has celebrated a record mass production efficiency for its heterojunction (HJ) solar cell.
June 1, 2021
Renewables investor Magnora AG has said it will increase its investment in perovskite solar specialist Evolar, taking a 40.7% stake in the company.
May 31, 2021
Researchers at the University of Sheffield have found a new way to extend the life of perovskite materials by more than three months, paving the way for new solar cell technologies.
May 17, 2021
Researchers from the University of Bath and Imperial College London have shown in a new report how the careful selection of layers within perovskite can prevent against degradation, potentially paving the way for the development of high-performance solar cells.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK