Nyak Limited Study, assessment and proof of market potentials and economics of organic perovskite solar cell technology

Completed

Renewable Energy Sources(Solar Energy, Photovoltaics)

Applied Research and Development
Final stage Development and Demonstration

PHYSICAL SCIENCES AND MATHEMATICS (Chemistry)
PHYSICAL SCIENCES AND MATHEMATICS (Physics)
ENGINEERING AND TECHNOLOGY (Mechanical, Aeronautical and Manufacturing Engineering)

Not Cross-cutting

Project Contact
Nyak Technology Limited

Smart - Proof of Market

Innovate UK

01 April 2015

30 September 2015

6 months

£25,001

East of England

Competition Call: 1409_SmartRd4_PoM - Not Available. Activity Proof of Market Rnd4

Project Contact, Nyak Technology Limited

Cost and efficiency are yet the main barriers to widespread adoption of solar energy. Commercially available solar cells, which are mostly Silicon-based, cost 0.70 /Watt and have efficiencies between 15 to 20%, far from industry's targets of 0.05 /Watt and 30%, respectively. Alternative solar cell technologies have recently been developed based on new materials, such as perovskite solar cells which promise substantial cost reduction through utilising inexpensive materials and low-cost manufacturing processes, whilst achieving comparable or improved efficiencies. However, existing perovskite devices are yet expensive, hence have not been exploited commercially. Nyak has developed a unique technology for nanostructured organic perovskites, which promises significant cost reduction through optimised materials utilisation and low-cost synthesis and device fabrication processes. Its lower cost of manufacturing and higher efficiency will enable far greater applications to become economically viable.

08/10/15