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Dyesol

Dyesol is a solar energy company developing solid-state Dye Solar Cell (DSC) technology, known as Perovskite dye solar cells, for Building Integrated Photovoltaic (BIPV) applications. The company develops DSC chemicals, components and equipment, and assists manufacturing partners to produce photovoltaic modules. The company is based in Queanbeyan, Australia and opened its manufacturing and research facilities in October 2008. It has expanded to several locations around the world, including the UK and Switzerland, as has established joint ventures in South Korea, Germany and Singapore.

DSC technology was invented at the Institute of Physical Chemistry, Swiss Federal Institute of Technology in Lausanne, Switzerland in 1988 by Brian O'Regan and Michael Graetzel. Their paper A low-cost, high-efficiency solar cell based on dye-sensitized colloidal TiO films, published in 1991 in the journal, Nature, was the catalyst that spawned a whole new industry and a whole new way of looking at harvesting electrical power from sunlight. Since that time Professor Graetzel, now at Switzerland's École Polytechnique Fédérale de Lausanne (EPFL), has remained strongly focused on DSC technology, received numerous awards and accolades in relation to the invention of DSC, and maintained close links to Dyesol as Chairman of Dyesol's Technical Advisory Board.

From 1994, STI and Greatcell teams in Australia and Switzerland further developed DSC technology and established the world's first DSC prototype manufacturing facility in Australia in 2000. Key to that development phase was the invention of processes, new materials, and equipment to manufacture DSC products. Dyesol acquired the laboratory, manufacturing equipment and intellectual property which has resulted in a portfolio of patents that Dyesol before mid-2005. Dyesol acquired STI in 2006 and Greatcell in 2007.

Dyesol Limited was formed in 2004 to accelerate the commercial development of Dye Solar Cell technology and build on the DSC work of previous 14 years carried out by Sustainable Technologies International Pty Ltd ("STI"), Greatcell Solar S.A. ("Greatcell"), and Switzerland's École Polytechnique Fédérale de Lausanne (EPFL). It was listed on the Australian Stock Exchange in 2005 (DYE) and the German Open Market (D5I.F), and is trading on the OTCQX (DYSOY) through its depositary BNY Mellon.

In May 2013 Dyesol announced that Dye Solar Cell ( DSC) technology has achieved a technical breakthrough by achieving a solid-state DSC (ss-DSC) efficiency of 11.3% at full sun. At this level of module performance the technology will be grid competitive - the "Holy Grail" for renewable energy technologies.

This achievement is particularly important in solar markets where Light Conditions are sub-optimal, such as Europe, North America and North-East Asia, where Dyesol ssDSC technology has a considerable advantage over 1st and 2nd generation photovoltaic technologies.

Dyesol has been working closely with R&D partner, the EPFL, and is confident of announcing further improvements in solid-state performance in the near term. Remarkably, Perovskite solid-state DSC (ssDSC) performance is confidently expected to outperform all hitherto known and published 1st and 2nd generation Photovoltaic Cells.

On July 11, 2013 Dyesol / EPFL announced a new record DSC efficiency. Michael Grätzel stated ”Our research work on solid-state Dye Solar Cells (ss-DSC) is now achieving efficiencies exceeding 15% .

Currently, the official accredited World Record Efficiency is 14.1% however efficiencies exceeding 15% are being achieved in the laboratory using perovskites , and experts are forecasting well beyond 20% as achievable not too distantly".