Power Roll has confirmed that it has raised £2.8m of investment. The investment comprised £2.0m of equity and £0.8m of convertible loans as part of the UK government’s Future Fund scheme.
Power Roll develops ultra-low-cost and lightweight flexible
film for energy generation and storage, delivering the lowest levelized cost of
electricity for any solar technology, with a projected manufactured cost of
just $0.03/Watt at scale.
Power Roll’s technology simplifies manufacturing by eliminating multiple, expensive process steps that other solar photovoltaic (PV) technologies require, and uses high speed roll-to-roll production processes.