Australian solar innovation wins R&D grants in Japan
2 June 2011
Australian solar technology company Dyesol has won a prestigious research and development subsidy from the Japanese Government, one of only a handful of foreign companies to do so.
Dyesol, whose innovative cells mimic photosynthesis to produce power, will share in a ¥2.5 billion (A$29 million) pool of grant money awarded to five international firms by Japan’s Ministry of Trade (METI).
Dyesol will use the money to establish a new R&D centre and promote links with other research centres within Japan.
The grant will also boost its profile locally, helping it pursue collaborative projects with major Japanese corporations in industries such as consumer electronics.
Dyesol Executive Chairman Richard Caldwell said demand for renewable energy was building in Japan.
"Dyesol expects the METI offer to translate into multiple commercial opportunities - closer collaboration with world-class materials research companies and increased exposure to applications innovation being the most obvious,” Mr Caldwell said.
“More than ever, Japan is looking to grow its renewable energy production and DSC (dye-sensitive solar cell technology) is clearly on the agenda for both government and the leading companies."
Austrade officials have met regularly with Dyesol staff since the company first arrived in Japan three years ago, providing advice, referrals and other assistance.
Read more about Dyesol’s international success here.