Japan's NGK buys perovskite solar cell developer EneCoat

• Japanese ceramics firm NGK Insulators Ltd (TYO:5333) introduced recently that it has actually invested in EneCoat Technologies Co Ltd, a designer of perovskite solar cells that was dilated from Kyoto University in very early 2018.

EneCoat creates perovskite solar cells with higher power generation efficiency and also longevity. Moreover, the firm looks for to develop producing procedure innovations for bigger items that can be carried out in society, NGK claimed in a declaration.

The investment is part of efforts to establish manufacturing modern technologies for enhancing the high quality of perovskites in a drive to uncover ways to work with its very own storage batteries, NGK included.

The insulators manufacturer did not divulge the worth of the financial investment it made.