With this agreement, the companies will collaborate to assess the market potential for scale manufacturing and deployment of Power Roll’s solar films in India. The joint activity will include identifying applications for lightweight solar film and green energy solutions for the region. Over the agreement period the parties will share knowledge on the low-cost production processes, efficiency and identify compelling use cases for solar film in India. A successful conclusion to the agreement will see Thermax license Power Roll’s technology for commercial manufacture and sale of solar film in India.
According to the company’s press release, Power Roll views India as one of the most strategic markets for its technology and has therefore setup a business operation in India to support regional growth.