Perovskite specialist Oxford PV has relocated to a new HQ and R&D facilities.

The company, which has been working to commercialise perovskite solar cells since 2010, said the new site “consolidates and strengthens” Oxford PV’s activities and would provide it with a larger controlled laboratory environment.

It added that there was also enough space at the new site to cater for expansion of its equipment and expertise in the future.

The move comes just two months after the firm celebrated landing €15 million (£13.4 million) in funding from the European Investment Bank to help commercialise its technology.

Frank Averdung, chief executive at Oxford PV, said the company was “well ahead” in the commercialisation of its perovskite solution.

“Our teams in the UK and Germany have collaboratively made tremendous progress to transfer our technology from our lab to our industrial scale pilot line, and our new, improved R&D facility in Oxford will help to further accelerate this process,” he added.