Flexible transparent electrode maker MSWay has been chosen as the leader in a national project develop building-integrated photovoltaics (BIPV) technology, the company said on Thursday.
The project will last four years and seven months and will be provided 12.2 billion won in public funding.
Gwangju Institute of Science and Technology professor Lee Kwang-hee, UNIST professor Kim Jin-young and Korea Institute of Energy Research professor King Dong-seok were chosen to take part in the project by MSWay.
The company’s team will focus on developing core materials for eco-friendly solar cells and trial mini power plants.
MSWay’s flexible transparent electrode are used for the solar cells such as organic solar cells and perovskite solar cells.
Organic solar cells are transparent, light and flexible and can express various colors. It can be applied to the outer walls and windows of buildings for a self-reliant building power system, MSWay said. Conventional solar panels were considered heavy and come in black colors which hurt aesthetics of buildings
MSWay is planning to go public on KOSDAQ in by 2022 through the technology. The company will file for review in the second half of next year.
Development of the next-generation solar cell module will be price competitive and expand the market, a company spokesperson said.