Sol Voltaics - sole partner
Sol Voltaics (here called SOL) is an advanced energy materials start-up based in Lund, Sweden, focusing on improving the efficiency of energy capture, generation and storage using nanotechnology. Founded in 2008 by Prof. Lars Samuelson to commercialize energy materials nanotechnology spun-out from the world-leading Lund nanotechnology research cluster, SOL has made the transition from academic research team to a driven technical development company with world-class technical and business talent. SOL is currently commercializing its first product, the patent-protected Nanowire-film-based solar cell, designed to boost conversion efficiencies in tandem with traditional solar PV modules. SOL strongly believes that innovations such as these are crucial to realize the market adoption breakthroughs necessary to allow solar energy generation to achieve its full potential to contribute to low carbon, clean energy generation.
SOL has achieved considerable successes to date, developing its novel NW-film technology and equally unique manufacturing processes from initial demonstration of Wave-Concentrated Photovoltaics (WCPV) in 2012 [Wallentin et al 2013]* to the recent formal verification of a record-breaking film based prototype NW cell with 15.3% efficiency [Åberg et al. 2015]*. SOL has also successfully engaged with leading PV module manufacturers to validate market requirements and product needs, and to prepare the ground for commercial trials and joint development. Strong support is reflected in all interaction with market actors, including letters of intent for NanoSol commercial trials received so far from major players representing 10% of the global module market. Along the way, the product offering and business model has evolved from a printable nanowire ink to a complete booster cell, giving stronger market entry, product value, and impact. SOL has been recognized with multiple business awards, including Red Herring Top 100 2014; European Venture Contest, Nordic Venture Forum, and European Venture Summit awards in 2013, and Green Solutions "Hot 50" Nordic Cleantech Companies 2014. It has also received recognition and support via grant and other applied research assistance at the Swedish and EU level, including from the Swedish Energy Agency, "Vinnova" Innovation Agency, Nordic Innovation Fund and from the European Commission in FP7 projects "AMON-RA" and "BUONAPART-E".
SOL is therefore well placed to take the next step in developing its film based solar cell product; with the support of the European Commission for NanoSol, SOL will be able to commercially pilot the film based solar cell in tandem solar modules, validating technical performance and confirming market acceptance, while demonstrating the radical performance boost of tandem modules and the cost-effectiveness of its unique manufacturing methods. Following these efforts, SOL is fully focused on ramping up to an industrial scale for market introduction in 2017/2018. NanoSol is a key element of this process.
*InP Record Holding 13.8% efficiency Nanowire Cell: Wallentin, J., Anttu, N., Asoli, D., Huffman, M., Åberg, I., Magnusson, M. H., ... & Borgström, M.T. (2013). "InP nanowire array solar cells achieving 13.8% efficiency by exceeding the ray optics limit." Science, 339(6123), 1057-1060.
*GaAs Record-Breaking 15.3% efficiency Nanowire Cell: I. Åberg et al. (2015) A GaAs Nanowire Array Solar Cell with 15.3% Efficiency at 1 Sun. Presented at 42nd IEEE PhotoVoltaics Specialist Conference 14th-19th June 2015, New Orleans USA.