Power Roll Secures GBP 4.3 Million for Commercial-Scale Solar Film Manufacturing

Credit: Power Roll

UK-based lightweight power film manufacturer Power Roll has successfully raised GBP 4.3 million (USD 5.61 million/EUR 5.14 million) to facilitate the establishment of a commercial-scale manufacturing facility with an initial production capacity of 100 MW.

This round attracted investments from both existing and new investors, including Maven Equity and the British Business Bank's Northern Powerhouse Investment Fund II (NPIF II), which contributed GBP 1.5 million alone.

Founded in 2012, Power Roll specializes in lightweight and flexible solar film materials that do not rely on elements, suitable for commercial and industrial buildings. The technology leverages thousands of microgrooves combined with perovskite materials. In 2022, the company commissioned its pilot manufacturing plant in County Durham and has set an ambitious goal of achieving a production capacity of 1 GW in the future.

With the new funding, Power Roll aims to enhance technical development at its operational Durham plant while pursuing additional advanced-stage fundraising to support its transition to a commercial-scale manufacturing facility.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use

Support Renewable Energy News!

At EnergyMagz, we believe that reliable, up-to-date news on renewable energy is vital for driving the world toward a sustainable future. By contributing, you’re not only supporting quality journalism, but also helping to shape the world’s transition to greener solutions.
DONATE  NOW
Every contribution, no matter the size, makes a difference.
close-link