Italy’s ERG unit to develop organic solar cells
Italian renewable energy company ERG Renew and architectural design firm Permasteelisa said on Wednesday they would work together on developing non-silicon based solar panels.
Energy and industrial companies as well as banks have been flocking into the solar energy sector in Italy after the government last year approved incentives to boost photovoltaic (PV) energy, which turns sunlight into power. ERG Renew, a unit of Italian energy group ERG, and Permasteelisa said in a joint statement they aimed to develop over the next four years “organic” photovoltaic cells and to start up an industrial production line of DSSC panels (Dye Sensitized Solar Cells).
The €10 million ($14.16 million) project aims to develop innovative technology which would use light-sensitive organic pigments and nanotechnology to generate electricity, the companies said. “In contrast to traditional models, the new panels will use simpler production processes which utilize less energy, having a reduced environmental impact and lower costs,” they said.
The panels are less sensitive to the angle of solar radiation which allows them to be installed on vertical walls, for example glass skyscrapers and towers, or in places with indirect sunlight, the statement said.
Australian solar cell company Dyesol would be involved in the project, with an about €1.5 million investment, the Italian companies said. (Reuters)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.