Dyesol: Milestone in Joint Dyesol / CSIRO Project
Dyesol is a significant step closer to commercialising the outcomes of a joint research agreement between the company and Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO).
Stage 2 of the three-stage, two year Dyesol / CSIRO research and development program funded by CSIRO’s Australian Growth Partnership is now complete. Following a scientific review of project progress to date, the Joint Steering Committee has unanimously agreed the important Stage 2 milestone to have been delivered.
This milestone focused on the design and creation of novel structures starting with the engineering of key components (ligands) and their uses in generating novel dyes to enhance the performance and stability of DSC systems.
The project scientists successfully optimised the synthetic chemistries to generate quantities of key precursor materials for ligands and novel Ruthenium based dyes. The investment arrangements for Stage 3 ensure that budget and resourcing are on track for successful completion of the project.
In the third and final stage, Dyesol and CSIRO scientists will collaborate to advance and expand on the preceding research work, with CSIRO evaluating the materials in DSC devices and Dyesol focusing on up-scaling the materials developed in Stage 2.
Dyesol Director Gordon Thompson said, “The materials developed during this joint collaboration have the potential to significantly advance the commercialisation of DSC in a range of applications where performance and stability are essential requirements.”
“Dyesol is extremely encouraged by the breakthroughs in the chemistry allowing the production of the target molecules. This creates a path to the immediate commercial utilisation of these new materials. The availability of these novel materials positions Dyesol to rapidly incorporate these within Dyesol’s existing major industrial projects as well as providing leverage for other opportunities.”
The Technology – DYE SOLAR CELLS
DSC technology can best be described as ‘artificial photosynthesis’ using an electrolyte, a layer of titania (a pigment used in white paints and tooth paste) and ruthenium dye deposited on glass, metal or polymer substrates. Light striking the dye excites electrons which are absorbed by the titania to become an electric current many times stronger than that found in natural photosynthesis in plants. Compared to conventional silicon based photovoltaic technology, Dyesol’s technology has lower cost and embodied energy in manufacture, it produces electricity more efficiently even in low light conditions and can be directly incorporated into buildings by replacing conventional glass panels or metal sheets rather than taking up roof or extra land area.
The Company – DYESOL Limited
Dyesol, a global company headquartered in Australia, was founded to commercialize and supply 3rd generation solar technology - Dye Solar Cells (DSC). DSC uses a form of artificial photosynthesis to capture energy like a leaf, using a dye analogous to chlorophyll. Dyesol provides photovoltaic functionality to mainstream products, by developing and supplying materials and technology to global partners which have routes to market for solar enabled components, including building products such as glass and steel for facades and roofs. The company is listed on the Australian Stock Exchange (DYE), the German Open Market, and is trading on the OTCBB (DYSOY) through its depositary BNY Mellon. More details about the company and the technology can be found at: http://www.dyesol.com
Eva Reuter, Investor Relations, Dyesol Europe on +49 177 605 8804.