April 13, 2022

March 28, 2022

Mitsubishi Materials Corporation

Additional Financing to EneCoat Technologies Engaged in the Development of a Perovskite Solar Cell

Mitsubishi Materials Corporation is pleased to announce its additional financing to EneCoat Technologies Co., Ltd. (EneCoat Technologies), which it finances through the MMC Innovation Investment Limited Partnership (our CVC).

A perovskite solar cell is a type of solar cell formed by applying a layer of perovskite crystal* on a substrate, and it is expected to become widely used as the next-generation solar cell because it is lighter than the crystalline silicon solar cells commonly used at present, enables the thickness to be reduced to about 1/100, and can be folded or bent for installation in various places. EneCoat Technologies, a startup originating from Kyoto University, is working on its development and also developing a low-lead solar cell by replacing the lead contained in perovskite solar cells with an alternative material.
*Crystal with the same structure as that of calcium titanate (CaTiO3) discovered by Lev Perovski, a Russian researcher.

We financed EneCoat Technologies in May 2020 through our CVC and we are examining collaboration with them regarding technologies that will contribute to improving the durability of perovskite solar cells and development of the peripheral materials required for eliminating lead. We intend to strengthen the relationship with the company through this additional financing to work on the development of materials for the electron transport layer (a layer that functions to transport the electrons generated in the perovskite layer to the electrode), one of the key constituent materials of perovskite solar cells, and cooperate with the company to promote wider use of perovskite solar cells.

The vision of the Mitsubishi Materials Group is to "become the leading business group committed to creating a sustainable world through materials innovation, with use of our unique and distinctive technologies" based on its corporate philosophy of "For People, Society and the Earth." Mitsubishi Materials will continue to help build a prosperous society through providing nonferrous metal materials and high-value-added products.

About EneCoat Technologies Co., Ltd.
Company Name EneCoat Technologies Co., Ltd.
Address 91-102 Miyagaki Cho, Kamigyo Ku, Kyoto Shi, Kyoto Fu, Japan
Representative Naoya Kato, President and CEO
Capital 90 million yen
Established January 11, 2018

【Related release】
January 25, 2022
Participation in NEDO's Green Innovation Fund Project/Development of Next-Generation Solar Cells
- Towards Developing Peripheral Materials to Reduce Costs and Improve Performance of Perovskite Solar Cells -

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Strategic Headquarters+81-3-5252-5206


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Mitsubishi Materials Corporation published this content on 13 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 08:14:16 UTC.