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Amcor and Power Roll to deliver revolutionary solar photovoltaic film

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Amcor (NYSE: AMCR) has signed an MOU with Power Roll to develop lightweight solar photovoltaic film as a low-cost alternative to silicon solar panels. The collaboration aims to revolutionize solar-powered energy with Power Roll's technology, which doesn't require rare earth minerals and can be manufactured using roll-to-roll processes. The film targets applications including fragile rooftops, facades, off-grid generation, and transport sector use. Power Roll highlights that one-third of commercial rooftops globally (12 billion m²) cannot support traditional solar panels, presenting a significant market opportunity.

Amcor (NYSE: AMCR) ha firmato un MOU con Power Roll per sviluppare un film fotovoltaico solare leggero come alternativa a basso costo ai pannelli solari in silicio. La collaborazione mira a rivoluzionare l'energia solare grazie alla tecnologia di Power Roll, che non richiede minerali delle terre rare e può essere prodotta utilizzando processi roll-to-roll. Il film è destinato a applicazioni che includono tetti fragili, facciate, generazione off-grid e utilizzo nel settore dei trasporti. Power Roll sottolinea che un terzo dei tetti commerciali a livello globale (12 miliardi di m²) non può sostenere pannelli solari tradizionali, presentando un'opportunità di mercato significativa.

Amcor (NYSE: AMCR) ha firmado un MOU con Power Roll para desarrollar una película fotovoltaica solar ligera como una alternativa de bajo costo a los paneles solares de silicio. La colaboración tiene como objetivo revolucionar la energía solar con la tecnología de Power Roll, que no requiere minerales raros y puede fabricarse utilizando procesos de rodillo a rodillo. La película está dirigida a aplicaciones que incluyen techos frágiles, fachadas, generación fuera de la red y uso en el sector del transporte. Power Roll enfatiza que un tercio de los techos comerciales a nivel mundial (12 mil millones de m²) no puede soportar paneles solares tradicionales, lo que presenta una oportunidad de mercado significativa.

암코르 (NYSE: AMCR)는 파워롤(Power Roll)과 경량 태양광 필름을 개발하기 위해 MOU를 체결했습니다. 이 필름은 실리콘 태양광 패널의 저렴한 대안으로 사용됩니다. 이 협력은 파워롤의 기술을 활용하여 태양광 에너지를 혁신하는 것을 목표로 하며, 희귀광물이 필요하지 않고 롤 투 롤 방식으로 제조할 수 있습니다. 이 필름은 부서지기 쉬운 지붕, 외관, 오프 그리드 발전 및 운송 부문 용도를 포함한 애플리케이션을 타겟으로 하고 있습니다. 파워롤은 전 세계 상업용 지붕의 3분의 1(120억 m²)이 전통적인 태양광 패널을 지탱할 수 없으며, 이는 상당한 시장 기회를 제공한다고 강조합니다.

Amcor (NYSE: AMCR) a signé un protocole d'accord avec Power Roll pour développer un film photovoltaïque solaire léger comme alternative à faible coût aux panneaux solaires en silicium. Cette collaboration vise à révolutionner l'énergie solaire avec la technologie de Power Roll, qui ne nécessite pas de minéraux rares et peut être fabriquée à l'aide de procédés de type roll-to-roll. Le film cible des applications telles que les toits fragiles, les façades, la production hors réseau et l'utilisation dans le secteur des transports. Power Roll souligne qu'un tiers des toits commerciaux dans le monde (12 milliards de m²) ne peuvent pas supporter des panneaux solaires traditionnels, représentant ainsi une opportunité de marché significative.

Amcor (NYSE: AMCR) hat ein MOU mit Power Roll unterzeichnet, um leichte Photovoltaik-Filme als kostengünstige Alternative zu Silizium-Solarmodulen zu entwickeln. Die Zusammenarbeit zielt darauf ab, die Solarenergie mit der Technologie von Power Roll zu revolutionieren, die keine seltenen Erden benötigt und mit Roll-to-Roll-Prozessen hergestellt werden kann. Der Film richtet sich an Anwendungen wie fragile Dächer, Fassaden, netzunabhängige Stromerzeugung und den Transportsektor. Power Roll hebt hervor, dass ein Drittel der gewerblichen Dächer weltweit (12 Milliarden m²) keine traditionellen Solarmodule tragen kann, was eine erhebliche Marktchance darstellt.

Positive
  • Strategic expansion into growing solar photovoltaic market
  • Technology addresses untapped 12 billion m² commercial rooftop market
  • Roll-to-roll manufacturing compatibility with existing processes
  • No dependency on rare earth minerals reduces supply chain risks
Negative
  • Investment terms and funding arrangements still pending approval
  • Early-stage technology partnership with uncertain commercial outcomes

Insights

This partnership marks a significant strategic move into the rapidly growing solar technology sector. Power Roll's innovative film technology addresses key limitations of traditional solar panels - particularly weight constraints that prevent installation on 12 billion m² of commercial rooftops globally. The technology's unique selling points include:

  • Manufacturing without rare earth minerals
  • Roll-to-roll production capability aligning with Amcor's existing processes
  • Lightweight and flexible design enabling new application scenarios

While promising, this MOU is still in early stages with final terms pending. The market opportunity is substantial, but revenue impact will depend on successful development and commercialization. This fits within Amcor's broader strategy of sustainable technology investments, including recent ventures in flexible packaging and recycling technologies.

ZURICH, Nov. 18, 2024 /PRNewswire/ -- Amcor (NYSE: AMCR) (ASX:AMC), a global leader in developing and producing responsible packaging solutions, today announced it has signed a Memorandum of Understanding (MOU) with U.K.-based technology pioneers, Power Roll Limited. Amcor and Power Roll's collaboration aims to revolutionize solar-powered energy by developing a lightweight solar photovoltaic film that can deliver a low-cost alternative to silicon solar panels.

Power Roll's film material provides a lightweight and flexible solution that can be used on a variety of applications from fragile rooftops, facades, off-grid local generation and within the transport sector. Importantly, Power Roll's technology is not reliant on rare earth minerals and can be manufactured using roll-to-roll processes.

Amcor is already active in the solar photovoltaic market, utilizing its advanced barrier technologies and roll-to-roll manufacturing processes. Through this collaboration, Amcor aims to strengthen its presence in this rapidly growing sector, further exploring opportunities to produce and market components for photovoltaic film solutions.

Frank Lehmann, vice president of Corporate Venturing and Open Innovation at Amcor, said: "The innovative solar film technology developed by Power Roll has the potential to revolutionize the solar energy industry, providing ultra-low-cost green electricity on a global scale. Through its partnership with Amcor, we are confident that Power Roll will continue to contribute significantly to the global transition towards net zero."

Neil Spann, chief executive of Power Roll, said, "We are delighted by the support we have received from Amcor, which will allow us to accelerate our growth and expand our impact. With one in three commercial rooftops unable to handle the weight of traditional solar panels,  equivalent to 12 billion m2 globally, our mission is to lead a global rooftop solar revolution, starting here in County Durham, U.K. The need for low-cost clean energy has never been greater and Power Roll offers a solution by leveraging these underutilized rooftops where conventional heavy and rigid silicon panels cannot be deployed as well as many other applications."

Amcor and Power Roll will hold further discussions on final terms and arrangements for Power Roll's ongoing funding round, which will be subject to respective internal approvals.

Amcor is engaged in multiple start-up investment and partnership opportunities, supporting their journeys through the sharing of expertise from Amcor's own research and development teams, and exploring the potential for joint undertakings. These innovative collaborations include strategic investments into ePac Flexible Packaging, PragmatIC Semiconductors, Pulpac's fiber technology and Licella's recycled content, as well as seed-funding for start-ups  – Nfinite Nanotechnology,  Bloom Biorenewables, circolution and Greyparrot – as part of the Amcor Lift-Off initiative, through which early-stage start-up companies can secure investment toward the development of innovative and sustainable technologies.

Learn more about Amcor's Lift-Off program and corporate venturing.

About Amcor
Amcor is a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect products, differentiate brands, and improve supply chains. The Company offers a range of innovative, differentiating flexible and rigid packaging, specialty cartons, closures and services. The company is focused on making packaging that is increasingly recyclable, reusable, lighter weight and made using an increasing amount of recycled content. In fiscal year 2024, 41,000 Amcor people generated $13.6 billion in annual sales from operations that span 212 locations in 40 countries. NYSE: AMCR; ASX: AMC
www.amcor.com I LinkedIn I YouTube

About Power Roll

Power Roll, headquartered near Seaham, County Durham, is a leading technology disrupter in the flexible PV market that has developed an innovative, lightweight solar power film for commercial and industrial buildings. In the UK, one third of commercial rooftops cannot handle the weight of traditional solar panels;  equivalent to 12 billion square meters globally. Power Roll's microgroove film provides a lightweight and flexible solution which is suitable for low-load bearing rooftops, building integration, transport, portable applications, off-grid  projects and more. With solar energy expected to be the world's largest source of power by 2050, providing 40% of the world's electricity, flexible PV can unlock £250 billion of an untapped market for commercial and industrial rooftops. To date, Power Roll has proven the technology and manufacturing process, 24 patent families with over 120 individual patented rights and established blue chip manufacturing partners, suppliers and potential customers.

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SOURCE Amcor

FAQ

What is the purpose of Amcor's (AMCR) partnership with Power Roll?

Amcor partnered with Power Roll to develop and produce lightweight solar photovoltaic film as a low-cost alternative to traditional silicon solar panels.

What market opportunity does Power Roll's technology address for AMCR?

The technology addresses 12 billion m² of commercial rooftops globally that cannot support traditional heavy solar panels, offering significant market potential.

Does Power Roll's solar film technology require rare earth minerals?

No, Power Roll's solar film technology does not rely on rare earth minerals and can be manufactured using roll-to-roll processes.

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