Oxford PV lands £31 million funding for perovskite commercialisation push

UK-based perovskite specialist Oxford PV has raised £31 million in a Series D funding round which included participation from a host of global energy companies. In the first portion of its Series D funding, the company saw “major” new investment from Chinese renewables firm Goldwind as well as new funding from Equinor and Legal & General. The funding is to be used to help commercialise Oxford PV’s technology, with the company claiming it to be well positioned to do so after a productive year. The past 12 months has seen Oxford PV’s perovskite-on-silicon cell set a new world record for efficiency, and its technology passed reliability tests associated with the IEC 61215 protocol.