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CSIRO digs deep to harness the sun.



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Media Release

Senator the Hon Kim Carr

01 Jul 2010

CSIRO DIGS DEEP TO HARNESS THE SUN

A Queanbeyan-based company developing superior solar cells has received an injection of funds from CSIRO’s Australian Growth Partnership.

Dyesol Australia, a leader in the area of dye-sensitised solar cells, has invested heavily in its strategy of partnering with global corporations to commercialise its technology in the building integrated photovoltaic market - a strategy that allows common building surfaces such as roofing and windows to produce electricity.

The CSIRO’s AGP program, funded by the Australian Government, was created to help fund small and medium-sized enterprises to make a difference in an area of national priority.

The program offers between $500,000 and $2 million per SME and allows businesses to purchase R&D capability from anywhere within CSIRO.

The agreement with Dyesol will help fund a collaboration with CSIRO’s Energy Transformed Flagship to examine higher-performing dye-solar-cell technologies.

Innovation Minister Senator Kim Carr said the AGP provides investment funding to SMEs that are well placed to work with CSIRO to make a difference in areas that matter to Australia.

“The AGP program provides a customised format to help businesses overcome both a technology challenge and inadequate finance,” Senator Carr said.

“It is exciting that we can make CSIRO’s world-leading capabilities accessible to SMEs.”

Dyesol acting CEO David Bundy said, “The AGP-backed collaboration offers us the ability to fund high-risk research that the company might otherwise delay - research that we hope will deliver Dyesol a significant competitive advantage in the renewable energy market both here and globally.”

Media contacts: Aban Contractor, Minister's Office, 0457 989 842 Darren Cundy, CSIRO, 0412 127 065