First Graphene secures two-year agreement with Halocell Energy

First Graphene Limited (ASX:FGR) has secured a two-year commercial agreement with Halocell Energy, an Australian perovskite solar cell manufacturer, to supply its leading PureGRAPH® for use as a high-performing coating for perovskite solar cells. This agreement marks a significant milestone for First Graphene as it enters the commercial perovskite solar cell industry, providing a strong pipeline of commercial opportunities in the growing renewable energy sector.

Executive Commentary on the Agreement

First Graphene Managing Director and CEO Michael Bell expressed excitement about the landmark agreement with Halocell Energy, highlighting the potential to change the way Australians leverage solar power and improve the country's renewable energy performance. He emphasized the benefits of leveraging the unique properties of graphene to enhance renewable energy technology and looked forward to delivering the benefits of PureGRAPH® products to energy consumers across the country. Halocell Energy CEO Paul Moonie also expressed excitement about the pivotal manufacturing supply agreement, emphasizing the optimization of particle size and surface chemistry to enhance the efficiency and scalability of their solar cells, ultimately strengthening their position as a leading innovator in the solar cell market and supporting domestic suppliers.

Summary of the Agreement and Outlook

First Graphene's secured agreement with Halocell Energy to supply graphene for perovskite solar cells marks a significant milestone, providing a strong pipeline of commercial opportunities in the growing renewable energy sector. The integration of PureGRAPH® into Halocell Energy's products is expected to expedite manufacturing processes, enhance light absorbing performance, and enable cost-effective, rapid manufacturing. This partnership has the potential to drive down renewable energy costs and accelerate the rate of uptake around Australia. With the global perovskite solar cell market expected to nearly double in value over the next year, this agreement positions First Graphene to showcase the benefits of graphene in improving renewable energy technology and contribute to Australia's renewable energy goals.