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First Graphene (OTCQB:FGPHF) has reported significant breakthroughs in their partnership with Halocell Energy and Queensland University of Technology for developing graphene-enhanced perovskite solar cells (PSC). The collaboration has achieved remarkable results, with PSC efficiency nearly doubling to 30.6% while reducing production costs by up to 80%.
The company's graphene formulations, compatible with roll-to-roll (R2R) dispersion technology, eliminate the need for expensive materials like gold and silver. The partnership, supported by a AU$2.03 million government grant, has led to commercial success with Halocell selling indoor, low-light PSCs since late 2024. Halocell plans to expand its Wagga Wagga plant capacity to manufacture up to 60 million PSC units annually, targeting 44 different device applications across various sectors.
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