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

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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 haveefficiencies 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 newmaterials, such as perovskite solar cells which promise substantial cost reduction throughutilising inexpensive materials and low-cost manufacturing processes, whilst achievingcomparable or improved efficiencies. However, existing perovskite devices are yet expensive,hence have not been exploited commercially. Nyak has developed a unique technology fornanostructured organic perovskites, which promises significant cost reduction throughoptimised materials utilisation and low-cost synthesis and device fabrication processes. Itslower cost of manufacturing and higher efficiency will enable far greater applications tobecome economically viable.