Oxford Photovoltaics (Oxford PV), has been named the winner of the Innovation Award at British Renewable Energy Awards ceremony, held by the Renewable Energy Association (REA) in London.
A technology start-up business and spin-out from Oxford University, Oxford PV was given the award in recognition of its new photovoltaic technology, which has the potential to deliver low cost, efficient solar cells that can be readily incorporated into glass building facades.
To win the award, the company beat off stiff completion from other shortlisted finalists 3sun Group, Econic and Evergreen Gas. Now in their eighth year, the British Renewable Energy Awards celebrate the contribution of renewables to the UK economy and society, as well as the contribution of exceptional individuals to the renewables industry itself.
The Innovation Award is given to an innovative, renewable energy conversion device, invention or application that has achieved a major milestone or reached market since 2012.
At the ceremony, held at the Jumeirah Carlton Tower Hotel, Brian McAllister, Oxford PV's Business Development Director accepted the Innovation Award on the company's behalf.
Backed by £4.2m of equity and grant funding, Oxford PV is moving swiftly towards the manufacture and delivery of larger modules that meet internationally accepted standards and specifications for photovoltaic products.
Recently, it announced that it had made a significant step forward in the scale-up and commercialisation of its new photovoltaic technology by establishing a new high of 15.4% efficiency for its perovskite solar cells.
