Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

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

Giovanni Fili
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.

Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Basque researchers turn light upside down February 23rd, 2018

Stiffness matters February 23rd, 2018

Imaging individual flexible DNA 'building blocks' in 3-D: Berkeley Lab researchers generate first images of 129 DNA structures February 22nd, 2018

'Memtransistor' brings world closer to brain-like computing: Combined memristor and transistor can process information and store memory with one device February 22nd, 2018


Nanowire LED Innovator Aledia Announces €30 ($36M) Million Series-C Financing: Intel Capital Joins Existing Investors to Commercialize Certain Nanowire-LED Technologies for Mobile Displays January 29th, 2018

Arrowhead Pharmaceuticals Announces Pricing of Underwritten Public Offering of Common Stock January 18th, 2018

Arrowhead Pharmaceuticals Announces Proposed Underwritten Offering of Common Stock January 17th, 2018

Nanometrics to Participate in the 6th Annual NYC Investor Summit 2017 November 16th, 2017


Basque researchers turn light upside down February 23rd, 2018

Stiffness matters February 23rd, 2018

Histology in 3-D: New staining method enables Nano-CT imaging of tissue samples February 22nd, 2018

Developing reliable quantum computers February 22nd, 2018


Round-the-clock power from smart bowties February 5th, 2018

Silk fibers could be high-tech ‘natural metamaterials’ January 31st, 2018

A simple new approach to plastic solar cells: Osaka University researchers intelligently design new highly efficient organic solar cells based on amorphous electronic materials with potential for easy printing January 28th, 2018

Nature paper by Schlumberger researchers used photothermal based nanoscale IR spectroscopy to analyze heterogeneous process of petroleum generation January 23rd, 2018

Alliances/Trade associations/Partnerships/Distributorships

New era in high field superconducting magnets – opening new frontiers in science, nanotechnology and materials discovery January 9th, 2018

Leti Field Trials Demonstrate New Multicarrier Waveform for Rural, Maritime Broadband Radio: Field Trial in Orkney Islands Used New Filtered Multicarrier Waveform at 700MHz Band with Flexible Bandwidth Usage (Fragmented and Continuous Spectrum) December 18th, 2017

A new product to help combat mouldy walls, thanks to technology developed at the ICN2 December 14th, 2017

JPK Instruments announce partnership with Swiss company, Cytosurge AG. The partnership makes Cytosurge’s FluidFM® technology available on the JPK NanoWizard® AFM platform December 8th, 2017


A simple new approach to plastic solar cells: Osaka University researchers intelligently design new highly efficient organic solar cells based on amorphous electronic materials with potential for easy printing January 28th, 2018

Tweaking quantum dots powers-up double-pane solar windows: Engineered quantum dots could bring down the cost of solar electricity January 2nd, 2018

Record high photoconductivity for new metal-organic framework material December 15th, 2017

Inorganic-organic halide perovskites for new photovoltaic technology November 6th, 2017

The latest news from around the world, FREE

  Premium Products
Only the news you want to read!
 Learn More
Full-service, expert consulting
 Learn More

Nanotechnology Now Featured Books


The Hunger Project