BASF AG: G24 Innovations and BASF sign joint Development Agreement for Dye Solar Cells
October 11, 2007
Source: G24i.com/press release
http://www.tradingmarkets.com/.site/news/Stock%20News/691527/
* Advances in photovoltaics: Ionic Liquids for new class ofsolar cells
* Partnership to develop new formulations for increased efficiency of solar technology
G24 Innovations Limited (G24i) and BASF have today (Oct 11, 2007) announced a joint development agreement. The two companies will initiate a program to develop ionic liquids and formulations that further improve both performance and efficiency of G24is solar cells using a proprietary dye-sensitized thin film technology. The photovoltaic cells produced by G24i are sensitive to far more of the visible spectrum of light than conventional solar cells, so that all sorts of light sources can be used to generate power, even at relatively low levels of light intensity. The photovoltaic process used is roughly analogous to photosynthesis in plants: a special ruthenium dye assumes the role of chlorophyll, turning light into electrical energy in a chemical process. Specifically adapted to the electrode and dye system, the ionic liquids are key to ensuring that the solar cell will generate power in a reliable and stable manner.
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