DYSOL technology will be used on the outside of high rise building generating electricity. Absolutely massive implications worldwide, multi billion dollar market awaits this company.
The breakthrough comes as the technology transitions from liquid-based to solid-state systems to meet the demands of product life and mass manufacture. The variation in technology, known as mesoscopic solar cells, meets the technical challenges of mass manufacturing Building Integrated Photovoltaic (BIPV) products and will allow Dyesol and its multinational commercialization partners to confidently address the multi-billion dollar global market.
In 2010, solid-state DSC performance was at a mere 5%, significantly lagging the performance of liquid based systems. However, the subsequent technical advancement has been nothing short of revolutionary. Dyesol, through the work of its scientist Dr Peng Qin, based at the Ã?cole Polytechnique Fédérale de Lausanne (EPFL) in Switzerland, has achieved solid-state DSC laboratory efficiency of 11.3%. Dyesol is also confident of achieving industrial efficiencies greater than 10% because of the added simplicity of working with solid-state systems. At this level of module performance the technology will be grid competitive - the "holy grail" for renewable energy technologies.
This achievement is particularly important in solar markets where light conditions are sub-optimal, such as Europe, North America and North-East Asia, where Dyesol technology has a considerable advantage over 1st and 2nd generation photovoltaic technologies.  Â
GSL Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
