Power Roll, Thermax Global Partner to Develop Solar Film Market in India

Power Roll, a developer of unique, low-cost, and lightweight flexible solar film, has signed an agreement with India’s Thermax Group to develop the market for solar film in the country.

Under the agreement, the two organisations jointly assess the market potential for scale manufacturing and deployment of Power Roll’s unique solar film in India.

The joint activity will include identifying applications for lightweight solar film and green energy solutions for the region.  

Over the agreement period, both the parties will share knowledge on the low-cost production processes, efficiency and identify compelling use cases for solar film in India.

Post successful conclusion of the assessment, Thermax license Power Roll’s technology for commercial manufacture and sale of solar film in India.

Commenting on the development, Neil Spann, CEO of Power Roll, said “we are especially excited about the potential for our solar film in India and delighted to be working with Thermax.”  

“Thermax has the right mix of renewable energy and manufacturing expertise, as well as the size and scale, to be a successful manufacturing partner in India. Our technology licensing model is perfectly aligned with the country’s ‘Make in India’ self-reliant strategy and world leading ambition to deploy 280 gigawatts of solar energy by 2030. This agreement with Thermax, which follows our recent partnership with one of Japan’s leading energy companies, opens up another significant new market for solar film,” Neil Spann added. 

On the partnership, Ashish Bhandari, MD & CEO of Thermax, said “we are happy to partner with Power Roll, a technology company introducing innovative green solutions. We look forward to this partnership as a lever to increase the adoption of solar technology for a variety of applications in line with India’s ambitious renewable energy targets.”  

The company’s lightweight solar film and disruptive price point will expand the range of applications for solar energy. 

Moreover, the company saw India as one of the most strategic markets for its technology and has therefore setup a business operation in India to support regional growth.

The company claimed that it’s solar film has been on track to deliver the lowest levelized cost of electricity for any solar technology, has been 25 times lighter than silicon PV and has a carbon footprint that is 20 times lower.

It’s technology simplifies manufacturing by using high-speed roll-to-roll production processes, which eliminates many costly process steps typical of other solar photovoltaic (PV) technologies.