New Time has outlined plans to industrialize perovskite PV production in Italy, following a two-day strategic meeting in Forlì to advance the project in the Emilia-Romagna region.
The company said its roadmap to commercialization is structured in four phases. The first year will focus on optimizing the perovskite formulation and identifying stabilizing materials. In the second year, the company plans to start small-scale production for certification purposes.
The third phase will focus on the development of an industrial solution for large-scale production, followed by the start of full production in the fourth year. New Time said pilot-scale production with stabilized processes is expected within three years, while large-scale production is targeted within four years.
To support the rollout, the company plans to allocate existing industrial facilities to the project, supported by dedicated internal investments. It says the financing is already underway and is being obtained through reinvestment of corporate profits in innovation and research and development.
New Time said current prices for perovskite PV modules continue to be affected by the lack of optimized manufacturing processes and ongoing material selection. The project aims to improve cost competitiveness with existing PV technologies while maintaining strong potential for performance gains and efficiency.
The Forlì meeting, held over two days from March 31, focused on defining the operational phases of the project and establishing how expertise and technologies will be shared. Participants included researchers from Italy and the Netherlands, including representatives from the Italian National Research Council (CNR), the University of Bari Aldo Moro and Delft University of Technology.
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