crystalsol

Crystalsol is a startup focused on developing a next generation semitransparent flexible PV module using roll to roll printing equipment. The company's technology is based on decades of research for the Russian military and Philips semiconductor know-how from the 1960s, resulting in a significant cost and versatility advantage compared to all currently known photovoltaic technologies. Their core innovations include the crystalline semiconductor powder made from a patented new material and the low-cost roll-to-roll production process. Founded in 2008, Crystalsol operates in the Renewable Energy, Semiconductor, and Sustainability industries. Their technology is projected to lead to a cost reduction of 50-60% compared to the current industry average, allowing for production costs below 0.5 EUR per Watt peak at a low scale. Their last investment standing at €570.00K was from Arax Capital Partners in a Venture Round investment at 31 December 2016. With this level of cost efficiency, the generated electricity becomes competitive with conventional energy sources.