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November 15th, 2007
NanoLume’s quantum dots could light up solar panels
NanoLume hopes to create a new generation of quantum dot-based solar cells that double the efficiency of those based on silicon photovoltaics. The company has raised part of a $2.8 million first round as it works to commercialize the multiple application technology developed at Duke University.
Originally founded in 1998, the company reincorporated in 2005, says Jim Johnson, chief scientist.
The five-person company specializes in semiconductor nanocrystals composed of elements from groups III(13) and V(15) of the periodic table of elements, primarily gallium nitride and indium nitride initially.
Semiconductor quantum dots exhibit extraordinary electronic and optical properties as a consequence of their small size and composition. Periodic Table of Elements III-V quantum dots generally have superior electronic, optical and chemical properties with respect to alternative formulation.
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