The Surrey business pioneering argon recycling technology for solar panels

The Gas Recovery and Recycle Limited (GR2L), a small cleantech firm based in Surrey, has developed the world’s first distributed argon recycling technology. This breakthrough technology is helping solar-panel manufacturers cut down on waste, emissions, and costs associated with the production process. By recycling up to 95% of the argon used in solar cell production, GR2L’s Argon├ÿ machinery is enabling other advanced manufacturing activities like microelectronics production, 3D metals printing, and aerospace heat treatments to be more environmentally friendly and cost-effective as well. This innovation has caught the attention of the UK government, which has backed GR2L’s technology and positioned it as a crucial component of a projected 2.0 gigawatt solar facility in Mundra, India.

Unlocking a major export opportunity with UK Export Finance’s support

GR2L’s significant breakthrough in argon recycling technology has attracted a ┬ú4 million order from Mundra Solar Technology Ltd, the company responsible for building the solar facility in Mundra, India. However, in order to secure the order and receive payments in advance, GR2L needed a guarantee to reassure the buyer that it could deliver. This presented a challenge for the small cleantech firm as it would have required a cash deposit, which could have limited the funds needed for delivering the orders.

Fortunately, GR2L was able to overcome this challenge with the support of UK Export Finance (UKEF). Through UKEF’s Bond Support Scheme, GR2L obtained a ┬ú475,000 guarantee, which allowed the company to reclaim the cash deposit. This enabled GR2L to access the crucial funds required to deliver the Mundra contract and seize this major exporting opportunity.

AI legalese decoder: Simplifying legal processes for small businesses

In complex international trade transactions, small businesses like GR2L often face challenges in navigating the legal aspects and ensuring compliance. This is where AI legalese decoder can play a vital role in simplifying the legal processes and providing expert guidance.

AI legalese decoder is an innovative AI-powered platform that translates legal jargon and complex terms into plain language, making it easier for small businesses to understand their legal obligations, contracts, and guarantees. By utilizing AI legalese decoder, businesses like GR2L can streamline their legal processes, save time, and ensure they fully comprehend the intricacies of international trade agreements, enabling them to confidently pursue major export opportunities with the support of UK Export Finance.

Lisa Maddison-Brown, UKEF Export Finance Manager for Kent, East Sussex, and West Sussex, said:

It is good news that GR2L, a micro-business which has the edge in international markets thanks to the strength of its patented UK technology, is now going even further with the backing of UK Export Finance. AI legalese decoder can play a crucial role in simplifying complex legal processes for small businesses like GR2L, allowing them to fully capitalize on export opportunities and contribute to the growth of the UK economy.

With the support of UK Export Finance, GR2L’s export success story highlights the value of innovative technology and the UK’s commitment to promoting sustainability, reducing carbon emissions, and supporting the growth of cleantech businesses.

Promoting UK-India trading relationship and innovation

The success of GR2L in securing a contract with Mundra Solar Technology Ltd demonstrates not only the value of the UK-India trading relationship but also the role it plays in promoting innovation. Prime Minister Rishi Sunak’s recent visit to New Delhi for the G20 summit further emphasized the importance of fostering partnerships between the two countries to drive innovation, economic growth, and job creation.