Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Konarka Announces Strategic Collaboration and $45 Million Investment from Total

Abstract:


Total, One of the World's Major Integrated Oil and Gas Companies, and First Rank Player in Chemicals, Aims to Grow Photovoltaic Thin Film Business through R&D, Collaboration with Konarka

Konarka Announces Strategic Collaboration and $45 Million Investment from Total

Lowell, MA | Posted on December 15th, 2008

Konarka Technologies, Inc., an innovator in development and commercialization of Power Plastic®, a material that converts light to energy, today announced the company has signed bilateral R&D and cooperation agreements with Total, one of the largest publicly-traded integrated international oil and gas companies in the world. Konarka has secured $45 million in funding and Total will become the leading shareholder with its stake being slightly less than 20%. Konarka will work on developing new components for their products with Total's chemical subsidiaries - Atotech, Bostik, Hutchinson, Sartomer and Total Petrochemicals USA. Already present in solar energy through its interest in Photovoltech and Tenesol, Total intends to step up its crystalline silicon-based cell production. At the same time, it aims to grow in the thin film segment; which Konarka will help it to do.

"This is a very substantial and significant investment from a major global energy corporation," commented Howard Berke, executive chairman and co-founder of Konarka. "This strategic alignment will give Konarka access to a new strength of resources, assets and operations from around the world. Through the agreements, Konarka will be very instrumental in helping Total to secure its future in solar energy by facilitating the growth of its solar thin film segment of the company's renewable energy business."

Following the transaction, Philippe Boisseau, president, Total Gas & Power, stated: "This investment positions Total strategically to secure the future of solar energy while expanding its technological portfolio."

"We look forward to working with Total's five chemical subsidiaries on technical collaboration, as well as efficient operational procedures," commented Rick Hess, president and CEO at Konarka. "Active in the area of solar energy for the past 20 years, Total also brings extensive expertise in carbon chemistry. The collaboration between the two companies will advance the deployment of solar power for more cost-efficient, renewable energy around the globe."

Total is one of the world's major oil and gas groups with activities in more than 130 countries. Its 96,000 employees put their expertise to work in every part of the industry - exploration and production of oil and natural gas, refining and marketing, gas and power and trading. Total is working to keep the world supplied with energy, both today and tomorrow. The Group is also a first rank player in chemicals.

####

About Konarka Technologies, Inc.
Konarka develops and manufactures solar plastic films that convert light to energy – anywhere. As the leading developer of polymer-based, organic photovoltaic (OPV) technology that provide a source of renewable power in a variety of form factors, Konarka has a broad portfolio of patents, technology licenses and an accomplished technical, scientific and manufacturing team. Manufactured at low cost and low energy consumption, the company's Power Plastic® technology is lightweight, flexible, scalable and adaptable for use in a variety of commercial, industrial, government and consumer applications. Konarka Technologies is headquartered in Lowell, Mass., U.S.A. and has a full scale production manufacturing facility in New Bedford, Mass. U.S.A., with European headquarters in Nuremberg, Germany, business development offices in Asia and a research and development facility in Austria.

For more information, please click here

Contacts:
BroadPR
Tracy Wemett
+1-617-868-5031

Copyright © Business Wire 2008

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Imaging electric charge propagating along microbial nanowires October 20th, 2014

Design of micro and nanoparticles to improve treatments for Alzheimers and Parkinsons: At the Faculty of Pharmacy of the UPV/EHU-University of the Basque Country encapsulation techniques are being developed to deliver correctly and effectively certain drugs October 20th, 2014

Physicists build reversible laser tractor beam October 20th, 2014

Removal of Limitations of Composites at Superheat Temperatures October 20th, 2014

Thin films

Nanocoatings Market By Product Is Expected To Reach USD 8.17 Billion By 2020: Grand View Research, Inc. October 15th, 2014

3x improvement in wear resistance from Carbodeon nanodiamond-enhanced electroless nickel plating October 14th, 2014

Tailored flexible illusion coatings hide objects from detection October 13th, 2014

HZO Teams With Deutsche Telekom to Unveil the Waterproof Tolino Vision 2 eReader: The New HZO Protected eReader Ushers in a New Era of Waterproof Electronics, Providing a Seamless User Experience Without the Risk of Using Port Doors and Mechanical Seals October 10th, 2014

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

7th Nanotechnology Festival, Exhibition Kicks Off Work in Iran October 7th, 2014

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 August 12th, 2014

SouthWest NanoTechnologies Inc. Announces $2.7 Million in New Financing to Fund Growth, Plant Expansion and Technical Personnel August 11th, 2014

Announcements

Imaging electric charge propagating along microbial nanowires October 20th, 2014

Design of micro and nanoparticles to improve treatments for Alzheimers and Parkinsons: At the Faculty of Pharmacy of the UPV/EHU-University of the Basque Country encapsulation techniques are being developed to deliver correctly and effectively certain drugs October 20th, 2014

Physicists build reversible laser tractor beam October 20th, 2014

Removal of Limitations of Composites at Superheat Temperatures October 20th, 2014

Energy

First Canada Excellence Research Chair gets $10 million from the federal government for oilsands research at the University of Calgary: Federal government announces prestigious research chair to study improving oil production efficiency October 19th, 2014

Magnetic mirrors enable new technologies by reflecting light in uncanny ways October 16th, 2014

Unique catalysts for hydrogen fuel cells synthesized in ordinary kitchen microwave oven October 14th, 2014

Dyesol Signs Letter of Intent with Tata Steel October 13th, 2014

Alliances/Partnerships/Distributorships

European Commission opens the gate towards the implementation of Nanomedicine Translation Hub October 16th, 2014

IRLYNX and CEA-Leti to Streamline New CMOS-based Infrared Sensing Modules Dedicated to Human-activities Characterization October 15th, 2014

New VDMA Association "Electronics, Micro and Nano Technologies" founded: Inaugural Meeting in Frankfurt/Main, Germany October 15th, 2014

VDMA photonics steering committee with new members stronger than ever October 14th, 2014

Solar/Photovoltaic

Magnetic mirrors enable new technologies by reflecting light in uncanny ways October 16th, 2014

Dyesol Signs Letter of Intent with Tata Steel October 13th, 2014

DNA nano-foundries cast custom-shaped metal nanoparticles: DNA's programmable assembly is leveraged to form precise 3D nanomaterials for disease detection, environmental testing, electronics and beyond October 10th, 2014

Over 100 European experts meet in Barcelona thanks to a COST Action coordinated from ICN2: The ISOS-7 Summit discusses the future of organic photovoltaic devices October 7th, 2014

NanoNews-Digest
The latest news from around the world, FREE





  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE