10th December, 2009

Circadian Solar, the concentrated photovoltaic (CPV) specialist has today announced that it has entered into a joint venture called tf2 devices with Radboud University Nijmegen in The Netherlands, to develop 'thin-film three-five' technology for use in solar cells. The aim of the project is to match the world record efficiency of III-V solar cells, which is greater than 41 per cent, while dramatically reducing the cost of manufacture.

Dr Robin Godfrey, CEO of Circadian Solar said: "We're delighted to be launching tf2 devices with Radboud University Nijmegen. We have been collaborating with the team there for almost two years, and have already developed an excellent relationship. At Circadian Solar our strategy is always to seek out world-leading technology partners, and that is certainly the case here: the group of Dr. John Schermer has been pioneering the field of III-V thin film technology and holds the world record for single junction GaAs photovoltaic thin film cell efficiency. This joint venture represents a hugely exciting opportunity for us both to bring this groundbreaking technology to the market and work even more closely with the team at Radboud University Nijmegen in making tf2 devices successful."

Professor Elias Vlieg of Radboud University Nijmegen said: "Radboud University Nijmegen is thrilled to be involved with this project, which has the potential to transform III-V photovoltaic technology. As the proportion of energy generated from solar power increases worldwide, the drive towards higher efficiency at lower cost will become even more important. tf2 devices' technology is well-positioned to play a significant role in helping the world to meet its growing energy needs."

Huub Eggen at Technology Foundation STW, a major funder of the research, added: "STW's focus is towards basic scientific research that has a strong potential for real-world application. Our mission is to realise knowledge transfer between applied sciences and potential knowledge users. The establishment of this Joint Venture company is a notable success for us. tf2 devices has the potential to make a big impact on energy generation and on reduction of carbon emissions internationally and we are confident that its products will be welcomed by the market."