OxfordPV – closes further funding round

We are pleased to announce that Parkwalk has made a further investment in OxfordPV through a Parkwalk Syndicate.

Oxford Photovoltaics is an Oxford-based technology business, founded in 2010, formed on technology originally developed in the Department of Physics at the University of Oxford under Professor Henry Snaith and his academic team of 20 scientists.

Professor Snaith is leading an intensive and wide-ranging programme to develop a thin-film solar cell using a perovskite-structure to enhance solar absorption and conversion. The programme is advancing rapidly with lab cell efficiency of more than 17%, with identified enhancements which should deliver close to 20% efficiency within the next 12 months.

Oxford PV envisages the technology being utilised to enhance the performance of silicon-based solar cells by adding a perovskite layer on top of the silicon to create a tandem cell structure. This is expected to add up to 5% to the efficiency of a 20% silicon cells, taking their performance towards 25%. Future generations of the product will include perovskite-on-perovskite cells, where performance could reach 30%.