(MENAFN - ProactiveInvestors - Australia) Dyesol (ASX: DYE) has inked a formal Research Collaboration Agreement with the Energy Research Institute at Nanyang Technological University (NTU) in Singapore, cementing international research collaboration plans.
The two year agreement will see a sharing of resources to create scalable and commercially feasible solid state Dye Solar Cells, a low-cost renewable energy technology that operates efficiently in variable and low-light conditions.
By collaborating to create scalable and commercially feasible solid state Dye Solar Cells the pair will open up a huge range of applications where they are currently limited with the materials they have.
Under the agreement, NTU and Dyesol will share intellectual property (IP) and Dyesol will have the opportunity to take out commercialisation rights for the new IP granted under this agreement.
The Dye Solar Cell technology is currently viewed as one of the most promising technologies for achieving cost efficient solar cell technologies based on earth abundant and low cost materials such as titanium dioxides.
The aim of the partnership will be to optimise the solid state Dye Solar Cell devices to high efficiency cells which are more reliable and more amenable to scaling and manufacturing than conventional liquid electrolyte based solar cells.
Dye Solar Cell photovoltaic technology can be readily integrated into a number of building product, consumer and industrial applications.