Homerun Resources partners with Halocell Energy and appoints new Chief Financial Officer

Homerun Resources (TSX.V: HMR, FSE: 5ZE, WKN: A3CYRW) has signed a non-binding Memorandum of Understanding with Halocell Energy Pty Ltd. The Memorandum of Understanding serves to further expand Homerun’s energy materials business vertically, as Halocell is a recognised world leader in the research and development of perovskite solar technology.

Perovskite solar cells have made remarkable progress in recent years. This has led to an increase in solar conversion efficiency from around three per cent in 2009 to over 25 per cent by 2023.

It therefore makes a lot of sense for Homerun Resources to not only partner with a manufacturer of perovskite solar panels, but to join forces with one of the world’s market leaders to develop and produce the most efficient and stable solar glass and PSC solutions for outdoor applications.

Perovskites will revolutionise the solar technology of the future

Perovskites are a family of materials that have demonstrated the potential for high performance and low production costs in solar cells. The substrate for perovskite solar cells is also glass. Perovskite solar cells will initially be commercialised through integration into tandem solar cells. However, it is expected that stand-alone perovskite solar cells will soon be launched on the market.

Whether tandem or not, it is almost certain that new perovskite solar cells will come onto the market in the next few years. This will make the generation of electricity with solar cells even more cost-effective and the conversion efficiency of the solar cells will also be even higher.

Under the Memorandum of Understanding, Halocell and Homerun Resources agreed to provide technical support to each other in developing the best solar glass and PSC solutions for outdoor applications. Halocell will provide its chemistry and process expertise in developing the highest efficiency PSC formulations for outdoor applications.

Halocell will also share with Homerun Resources its experience in maximising solar cell lifetime and overall cell performance. Last but not least, Halocell’s material and operational expertise will contribute to producing the best performing cells at the lowest cost.

For its part, Homerun will contribute its knowledge of the manufacturing processes, including how the perovskite solar cells can be integrated into solar glass production as a final device, to the new co-operation.

Homerun Resources appoints new Chief Financial Officer

At the same time, Homerun announced the appointment of Nancy Zhao as the company’s new Chief Financial Officer (CFO). Nancy Zhao has more than nine years of experience working with publicly traded companies. She has served as CFO for several listed companies and has brought her financial acumen to organisations such as First Hydrogen Corp and Neo Battery Materials Ltd. Ms Zhao is currently a board member of First Hydrogen Corp.

Nancy Zhao is a CPA and has an extensive educational background, including a diploma in financial management from the British Columbia Institute of Technology and a bachelor’s degree in chemical engineering from Tianjin University of Technology. Ms Zhao’s professional background includes various roles, including years of valuable experience as a procurement officer for Sinopec in China.