Home > Press > Plextronics Receives $750,000 in Funding to Further Development of Plexcore(TM) PV for Organic Solar Cells
Plextronics, a world leader in developing active layer technology for printed electronic devices,
announced it has received $750,000 in funding from the Sustainable Energy Fund (SEF) of Central Eastern Pennsylvania to further development of Plexcore(TM) PV technology for organic solar cells.
Plextronics Receives $750,000 in Funding to Further Development of Plexcore(TM) PV for Organic Solar Cells
PITTSBURGH, PA | Posted on January 23rd, 2007
Plexcore PV technology is paving the way for the commercialization of organic solar cells as a leading source of renewable energy. Organic solar cells use extremely thin layers of plastic semiconductors, instead of silicon, to absorb light and create electricity. They can be lightweight,
flexible, and can operate well even in low-light conditions. The semiconductors can be printed like inks resulting in a much lower cost of production.
"The Sustainable Energy Fund is pleased to partner with Plextronics in the research and development of photovoltaic and organic lighting projects. These projects are a natural fit with the SEF's mission of developing and investing in economically viable, energy related projects that promote
environmentally sound and sustainable energy use," stated Dennis Maloskey, Chairman of the Program Related Investment Committee.
"The SEF of Central Eastern Pennsylvania is leading the way in efforts to create a diversified energy base by investing in new technologies that will have a dramatic impact on the industry, improve the environment, and create jobs. We are thrilled to have their support. This investment will allow Plextronics to expand our development of Plexcore PV and help us reach our collective goals for solar energy," commented Andrew Hannah, President and CEO, Plextronics.
In March 2006, the West Penn Power Sustainable Energy Fund (WPPSEF) also invested in Plextronics to support the development of Plexcore(TM) HIL for solid-state lighting. Pennsylvania has one of the nation's most progressive alternative energy portfolio standards. It states that by 2020, 18 percent of all retail energy must come from clean, efficient and advanced resources.
Plextronics, Inc. is a world leader in developing and delivering active layer technology for printed electronic devices - OLED displays and lighting, polymer solar cells and plastic circuitry. Active layer technology is the printed conductors and semiconductors that drive device performance. Plextronics has unsurpassed control of polymer design and ink formulation, as well as an intimate understanding of device physics and its impact on device performance. This knowledge is applied to the creation of Plexcore(TM) technology, which is specifically designed for each application to maximize device efficiency and operating lifetime in a cost effective manner. In 2006, Plextronics received the following recognition: A Wall Street Journal Technology Innovation Awards Runner-Up, the Organic Semiconductor Industry Awards Start-Up of the Year, A Top 50 Nanotechnology Start-Up by Lux Research, and NREL Clean Energy Entrepreneur of the Year.
For additional information, please visit http://www.plextronics.com .
About Sustainable Energy Fund of Central Eastern Pennsylvania
The Sustainable Energy Fund (SEF) of Central Eastern Pennsylvania is a non-profit, private organization dedicated to the use of renewable energy, clean energy technologies, energy conservation and education. Founded in 1999 by the Pennsylvania Utility Commission (PUC), the SEF promotes clean and renewable energy initiatives and enterprises to benefit customers within the PPL service territory and throughout Pennsylvania. To learn more, visit their website at http://www.thesef.org .
For more information, please click here
Jennifer Alexander Honig
Executive Director Corporate Communications
Copyright © PR Newswire Association LLC.
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Harris & Harris Group Invests in Unique NYC Biotech Accelerator July 29th, 2014
Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 July 23rd, 2014
Nanometrics Announces Upcoming Investor Events July 22nd, 2014
Harris & Harris Group Invests in UberSeq, Inc. July 16th, 2014
Tough foam from tiny sheets: Rice University lab uses atom-thick materials to make ultralight foam July 29th, 2014
Zenosense, Inc. July 29th, 2014
Optimum inertial design for self-propulsion: A new study investigates the effects of small but finite inertia on the propulsion of micro and nano-scale swimming machines July 29th, 2014
A new way to make microstructured surfaces: Method can produce strong, lightweight materials with specific surface properties July 29th, 2014
Oregon chemists eye improved thin films with metal substitution: Solution-based inorganic process could drive more efficient electronics and solar devices July 21st, 2014
Steam from the sun: New spongelike structure converts solar energy into steam July 21st, 2014
3-D nanostructure could benefit nanoelectronics, gas storage: Rice U. researchers predict functional advantages of 3-D boron nitride July 15th, 2014
Nanotechnology that will impact the Security & Defense sectors to be discussed at NanoSD2014 conference July 8th, 2014
Japanese gold leaf artists worked on a nano-scale: Study demonstrates X-ray fluorescence spectroscopy is a non-destructive way to date artwork July 3rd, 2014
Harry Potter-style invisibility cloaks: A real possibility next Christmas? Forget socks and shaving foam, the big kids of tomorrow want an invisible cloak for Christmas December 19th, 2013
Chicago Awareness Organization First Not-for-Profit to Sponsor Dog Training to Detect Ovarian Cancer Odorants December 12th, 2013
ZEISS Microscopes used to create images for Art Exhibit at Midway Airport: Art of Science: Images from the Institute for Genomic Biology October 25th, 2013
New imaging agent provides better picture of the gut July 25th, 2014
Hysitron is Awarded TWO R&D 100 Awards for Highly Innovative Technology Developments in the Areas of Extreme Environments and Biological Mechanical Property Testing July 23rd, 2014
Researchers create vaccine for dust-mite allergies Main Page Content: Vaccine reduced lung inflammation to allergens in lab and animal tests July 22nd, 2014
EPFL Research on the use of AFM based nanoscale IR spectroscopy for the study of single amyloid molecules wins poster competition at Swiss Physics Society meeting July 22nd, 2014