Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Fasadglas invests 18 million in solar cell enterprise NLAB Solar

Abstract:
NLAB solar secures 18 million kronor in financing from industrial partner Fasadglas Bäcklin AB, Scandinavias largest glass facade company. The purpose of the partnership and financing is to accelerate product development at NLAB Solar and reduce time to market.

Fasadglas invests 18 million in solar cell enterprise NLAB Solar

Stockholm | Posted on November 16th, 2010

The partnership between NLAB Solar and Fasadglas is an important step towards the integration of power generating facades, and therefore it is also a big step towards ecologically sustainable and self-powered buildings. Through the partnership with Fasadglas, NLAB gains access to unique knowledge of the market as well as distribution, installation and sales for commercialization within its prioritized field of business: façade- and building integrated photovoltaics (BIPV).

"Fasadglas is our customer and their investment is the ultimate proof that we are headed in the right direction. Now we have more than a product, we have a well known distributor with extensive experience in solar power installations and a market for our product from day one", says Giovanni Fili, CEO NLAB Solar.

NLAB Solar will be using the funds to construct one of the world's first pilot plants for production of 3rd generation solar cells, in Stockholm. Dye Sensitized Solar Cells (DSC), also known as Grätzel cells or third generation solar cells, are based on natural chemistry. The working principle of the DSC can be described as artificial photosynthesis, utilizing a synthetic dye adsorbed on titanium dioxide instead of chlorophyll to convert sunlight into green power. NLAB Solar's unique and patented technology for transparent DSCs- a photonic crystal - allows them to boost the conversion of sunlight to electrical energy by up to 37% above competition.

"Fasadglas is one of Sweden's oldest family businesses with 97 years of experience from the glass industry. We have a strong tradition of aiming to position ourselves at the forefront of technology and sustainability. A few years back we made a strategic decision to go for solar and NLAB Solar with it's competent management and unique IP for window integration is a perfect match for us. We will be able to contribute with extensive knowledge of product and market", says Jan Åke Lindholm, CEO Fasadglas Bäcklin AB.

NLAB Solar's method of increasing efficiency makes the solar cells more efficient under indirect and diffuse illumination, or even indoors. This makes it possible to use the entire facades of large buildings in urban environments for power production in spite of poor light conditions. The goal is to power one square meter of office space with one square meter of solar cell facade. NLAB Solar's cells are estimated to cost 20% of the current price on silicon solar cells. Another property that makes the product highly attractive to the glass market is the possibility of tailoring transparency and color of the solar cells, which will allow them to replace solar control film in warm countries. The global glass market for NLAB solar is estimated to be in excess of 3 billion square meters per annum.

The Dye Sensitized Solar Cell (DSC) was originally invented by legendary Swiss professor Michael Grätzel.

"It makes me very happy to see the recent developments of NLAB Solar, a strong management and great technological knowledge together with this industrial partnership will shorten the time to market substantially. The entire DSC business is at the verge of a commercial break through and together with its new partner NLAB Solar has a strong position and can advance rapidly", says Professor Michael Grätzel, inventor of the DSC and the winner of the Millennium Technology Grand Prize in 2010.

####

About NLAB Solar
NLAB Solar was founded in 2008 as a daughter company to materials development company Nanologica AB. As a previous participant at the Stockholm Clean Tech Venture Day, NLAB Solar was one of the most attended companies at the event. The company collaborates with a number of enterprises, research groups and government agencies world-wide, among them their strategic partner YKI (National Institute for Surface Chemistry), NICe – Nordic Innovation Centre, VINNOVA (The Swedish Governmental Agency for Innovation Systems) and the European Commission.

For more information, please click here

Contacts:
Giovanni Fili
CEO NLAB Solar AB
Telephone: +46 (0) 735 300 00


If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Understanding tiny droplets can make for better weather forecasts: Climate change models also benefit from understanding fundamental thermodynamics of water droplets May 6th, 2016

Effect of the Van-der-Waals and intramolecular forces: The tertiary system of nucleotide chain -- gold nanoparticles--- carbon nanotube represents a great interest in the modern research and application of the bio-nano-technologies May 6th, 2016

Animal study shows flexible, dissolvable silicon device promising for brain monitoring: Other applications include post-operative observation for vascular, cardiac, and orthopaedic procedures, finds Penn study May 5th, 2016

Speedy ion conduction in solid electrolytes clears road for advanced energy devices May 5th, 2016

Investments/IPO's/Splits

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Aspen Aerogels to Present at the 28th Annual ROTH Conference March 14th, 2016

Harris & Harris Group Announces Formation of Co-Investment Fund for Accredited Investors March 9th, 2016

Arrowhead to Present at Upcoming March Conferences March 1st, 2016

Announcements

Understanding tiny droplets can make for better weather forecasts: Climate change models also benefit from understanding fundamental thermodynamics of water droplets May 6th, 2016

Effect of the Van-der-Waals and intramolecular forces: The tertiary system of nucleotide chain -- gold nanoparticles--- carbon nanotube represents a great interest in the modern research and application of the bio-nano-technologies May 6th, 2016

Clues on the path to a new lithium battery technology: Charging produces highly reactive singlet oxygen in lithium air batteries May 5th, 2016

Unique nano-capsules promise the targeted drug delivery: Russian scientists created unique nano-capsules for the targeted drug delivery May 5th, 2016

Energy

Speedy ion conduction in solid electrolytes clears road for advanced energy devices May 5th, 2016

Engineers create a better way to boil water -- with industrial, electronics applications May 5th, 2016

Nanoparticles present sustainable way to grow food crops May 1st, 2016

NREL finds nanotube semiconductors well-suited for PV systems April 27th, 2016

Alliances/Trade associations/Partnerships/Distributorships

Electrically Conductive Graphene Ink Enables Printing of Biosensors April 23rd, 2016

Leti Extends Collaboration with Qualcomm on CoolCubeTM 3D Integration Technology for High-Density, High-Performance ICs: Collaboration Goals Include Building an Ecosystem To Take the Chip-stacking Technology from Design to Fabrication April 13th, 2016

FEI Partners with Five Pharmaceutical Companies, the Medical Research Council and the University of Cambridge to form Cryo-EM Research Consortium April 5th, 2016

Strem Chemicals and SONA Nanotech Sign Distribution Agreement for the World’s First Gold Nanorods Synthesized without CTAB February 24th, 2016

Solar/Photovoltaic

A View Through Wood Shows Futuristic Applications: Transparent wood made at UMD could create new windows, cars and solar panels May 5th, 2016

NREL finds nanotube semiconductors well-suited for PV systems April 27th, 2016

Flipping a chemical switch helps perovskite solar cells beat the heat April 26th, 2016

Manipulating light inside opaque layers April 24th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic