14 November 2016

Oxford PV acquires Bosch Solar production site

UK-based Oxford Photovoltaics Ltd (which was founded in 2010 by professor Henry Snaith as a spin-off from the University of Oxford) has acquired a production site in Brandenburg an der Havel, Germany formerly operated by Bosch Solar CISTech GmbH. The site will be equipped to provide pilot-scale capacity to scale up Oxford PV's perovskite technology to industry-standard wafer size and to perfect the manufacturing processes necessary for commercial deployment.

Having in mid-October announced completion of the first portion (£8.7m) of a Series C funding round, Oxford PV now targets market deployment of its perovskite technology. The firm believes that, in a tandem configuration on top of standard silicon PV cells, its technology will provide a bigger boost to cell efficiency than any other technology. "Perovskite has the potential to radically improve the efficiency of solar PV," reckons CEO Frank Averdung.

The site "will allow us to drive quickly towards market deployment," continues Averdung. "The facility is a first-class resource and was made even more attractive to us by the availability of a highly skilled and experienced workforce locally," he adds. "We look forward to building our team and operation in Brandenburg alongside our existing operations in Oxford."

The firm has already begun recruiting staff, and expects the site to be fully operational within a few months.

See related items:

Oxford PV raises £8.7m in first close of Series C funding round, bringing total to £21m in 18 months

Oxford PV secures £8m in first-tranche round B funding

Tags: PV

Visit: www.oxfordpv.com