At Hostplus, we’re committed to investing in companies that are at the forefront of developing the technology and solutions we’ll need to tackle climate change and transition to a low-carbon economy. One of these companies is Swift Solar, a US start-up that’s developing lightweight and flexible solar cells.
Swift Solar’s international team (its founders are from the Netherlands, Austria, Australia, the United Kingdom, and the United States) has invented new technology using perovskite. Perovskite is a cheap and plentiful light-absorbing mineral that can be more efficient, more affordable, and more scalable than solar technologies in use today.
Motivated by the need to address the challenges of climate change, the company is well-positioned to initially serve high-value markets such as aerospace, electric vehicles and telecommunications. If successful, it could bring the lowest-cost source of zero-carbon electricity to the world.
As one of the largest Australian investors in venture capital, Hostplus has invested over $3 billion to projects like Swift Solar that aim to change our world for the better while delivering future investment returns for our members.