GreatCell Solar (ASX:GSL)
Next generation solar technology company, GreatCell Solar (ASX: GSL) previously known as Dyesol is now diving head-first into its commercialisation phase.
The freshly funded manufacturer of game-changing next generation solar technology and photovoltaic (PV) panels, has a string of heavy-hitting partners and collaborators including the $829 million capped Chinese solar company JinkoSolar (NYSE:JKS), a global leader in the PV solar space.
The partnership with JinkoSolar is an important strategic move for GSL and could provide a pathway into the rapidly growing PV solar market.
Jinko will evaluate GSL’s PSC photovoltaics, with a view to a formal agreement to commercialise the technology and set up large-scale manufacturing.
The recently rebranded GSL has also has also collaborated with the $2.1 billion capped CSR Limited (ASX: CSR), one of Australia’s largest building supply companies and is establishing a world-class prototype facility alongside CSIRO’s energy hub in Melbourne where it will build a panel of commercial scale production.
GSL plans to fit out this hub in the coming months of 2017.
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The well-funded GSL looks set to tap into a high-growth market that’s set to continue surging. The global market for solar and wind electricity generation is set to rise 50% per annum by 2020 and poised to triple by 2030.
With that in mind, the $67.9 million-capped GSL is steadily emerging as an industry leader in an annual global annual global solar market projected to be worth US$140 billion by 2023.
Freshly Rebranded GSL Charges into Commercialisation Phase
Sep 21, 2017
2017 is shaping up to be an auspicious year for next generation solar technology company, GreatCell Solar (ASX: GSL).