Turkey positions for large-scale DSC manufacture
Dyesol has been engaged by Nesli Dye Solar Cells Enerji Sistemleri Sanayi Ve Ticaret Anonim Sirketi (Nesli) to complete a detailed feasibility study establishing a glass-based DSC volume manufacturing facility in Turkey. Nesli has secured a line of funding for a phased development program, with initial capacity growing in discrete stages to 100,000m2 before expanding to a 500,000m2 manufacturing capability in the subsequent stage. Nesli is supported in the commercialisation by the Turkish Development Bank (Turkiye Kalkinma Bankasi – TKB).
The Contract for Supply with Nesli for this initial phase is valued at €200,000 (approx. AU$400,000) and is part of a potential €60 Million program involving Dyesol providing on-going technical support, production equipment and DSC manufacturing materials. This ensures a long-term strategic relationship between the two companies, continuing demand for Dyesol materials and a defined growth path for the technology.
Gordon Thompson, Dyesol Director, says “The feasibility study provides the launching pad for a long-term strategic relationship which will be a win-win situation for both Nesli and Dyesol in seeding and growing the DSC market in Turkey”. Unal Kazak, Director of Nesli, agrees “The decision to engage the world leaders in the commercialisation of DSC to undertake this study and be our long term partners in a secure relationship is essential to achieve growth targets”.
The advantage of Dyesol’s DSC technology over conventional photovoltaic technology is its lower facility cost, lower energy for manufacture, proportionally higher output of electricity in ambient light conditions, and the ability to directly incorporate it into buildings as passive electricity generators – multifunctional building panels. This is known as BIPV or building integrated photovoltaics.
For further information contact Catherine Gleeson on +61 (0)2 6299 1592.
In Europe contact Eva Reuter, Investor Relations, Dyesol Europe on +49 177 6058804
Note to editors
The Technology – DYE SOLAR CELLS
DSC technology can best be described as ‘artificial photosynthesis’ using an electrolyte, a layer of titania (a pigment used in white paints and tooth paste) and ruthenium dye deposited on glass, metal or polymer substrates. Light striking the dye excites electrons which are absorbed by the titania to become an electric current many times stronger than that found in natural photosynthesis in plants. Compared to conventional silicon based photovoltaic technology, Dyesol’s technology has lower cost and embodied energy in manufacture, it produces electricity more efficiently even in low light conditions and can be directly incorporated into buildings by replacing conventional glass panels or metal sheets rather than taking up roof or extra land area.
The Company – DYESOL Limited
Dyesol is located in Queanbeyan NSW (near Canberra) and in August 2005 was listed on the Australian Stock Exchange (ASX Code ‘DYE”). Dyesol manufactures and supplies a range of Dye Solar Cell products comprising equipment, chemicals, materials, components and related services to researchers and manufacturers of DSC. The Company is playing a key role in taking this third generation solar technology out of the laboratory and into the community.
More detail about the company and the technology can be found at: http://www.dyesol.com
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