UK solar technology company Oxford Photovoltaics Ltd., which was spun off of Oxford University in 2010, announced it has raised £8.02 million ($11.2 million) from existing investors including Statoil and Legal & General Capital. The funding will enable Oxford PV to continue to transfer its advanced perovskite-on-silicon tandem solar cell technology from the company’s lab in Oxford, UK to industrial scale processes and equipment at the company’s demonstration line in Brandenburg an der Havel, Germany. Oxford PV is working to fully optimize its commercial sized perovskite-on-silicon tandem solar cell technology, to ensure ease of integration into large scale silicon solar cell and module production.
Over the last four years, Oxford PV has secured over £35 Million in funding, and in December 2017, announced it had been granted €15 Million European Investment Bank (EIB) financing.
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