Power Roll and Amcor’s collaboration will be focused on advancing solar-powered energy by developing a lightweight solar photovoltaic film that aims to deliver a low-cost alternative to silicon solar panels.
The company has a clear focus on capitalising on growing market opportunities, focusing on the commercialisation of its solar PV microgroove technology, which is not reliant on rare earth minerals and can be manufactured using roll-to-roll processes.
According to the International Energy Agency’s global outlook report, solar energy is expected to be the world’s largest source of power by 2050, providing 40% of the world’s electricity, creating an opportunity for flexible photovoltaic systems to unlock $250 billion of an untapped market for commercial and industrial rooftops.