Greatcell Solar Limited (ASX:GSL) (OTCMKTS:DYSOY) (formerly Dyesol Limited) is very pleased to announce that we have received a letter of negotiation (LON) for a $6 million Australian Renewable Energy Agency (ARENA) grant. The grant supports a Perovskite Solar Cell Technology - Large Area Module Development Project under the Advancing Renewables Program (ARP) of ARENA. The grant award is subject to meeting terms and conditions, including:
1. Completion of all final project documents, including the ARENA Funding Agreement and Knowledge Sharing Agreement in a form and substance satisfactory to ARENA;
2. A minimum of $5.0 million (excluding GST) in new capital being raised, exclusive of ARENA's funding contribution.
The grant evaluation process involved advice from world-class 3rd generation solar photovoltaics (PV) experts and strongly validates the potential of our Perovskite Solar Cell (PSC) technology and development strategy. Further, it will enable Greatcell to accelerate our scale-up and prototyping activities that are absolutely critical to our commercialisation path objectives.
This grant clearly demonstrates the importance of ARENA in supporting the development of renewable energy technology in Australia.
Dyesol Headquarters: Marine Andre Manager Investor Relations T: +61-2-6299-1592 E: email@example.com Germany & Europe: Eva Reuter, Dr Reuter Investor Relations T: +49-177-605-8804 E: firstname.lastname@example.org
News Provided by ABN Newswire