Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > News > Tech investor Batterson reaches for the sun with Argonne's solar paint

May 5th, 2010

Tech investor Batterson reaches for the sun with Argonne's solar paint

Abstract:
Using molecular-level manufacturing technology being developed at Argonne National Laboratory, Mr. Batterson's NextGen Solar aims to do nothing less than dominate the burgeoning solar power business by making electricity from the sun as cheap as coal power easily a multibillion-dollar market. He's also planning a $1-billion investment firm that would operate entirely online, making it economical to focus on high-risk, early-stage startups like NextGen, which most venture capital firms won't touch.

So far he's raised about half of the $1 million he plans to use to seed the company and move the technology from Argonne's lab to the commercial world, where it will face considerable challenges.

While the solar business is booming around the world, it's driven largely by government subsidies and mandates. Solar power is both expensive and inefficient; most of the cheaper, thin-film photovoltaic materials in use convert, at most, 14% of sunlight to electricity.

NextGen is aiming for at least 25%, and possibly as much as 40%, efficiency at a third of the cost.

If the technology works, "it has a good chance at being the largest venture-capital deal ever done," Mr. Batterson says. "It would put Chicago venture capital right on the map."

Source:
chicagobusiness.com

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Quantum memory with record-breaking capacity based on laser-cooled atoms December 15th, 2017

Record high photoconductivity for new metal-organic framework material December 15th, 2017

Error-free into the quantum computer age December 15th, 2017

Leti Will Demonstrate First 3D Anti-Crash Solution for Embedding in Drones: Fitted on a Mass-Market Microcontroller, 360Fusion Software Technology Detects any Dynamic Obstacle and Helps Guide Drones Away from Collisions December 15th, 2017

Investments/IPO's/Splits

Nanometrics to Participate in the 6th Annual NYC Investor Summit 2017 November 16th, 2017

180 Degree Capital Corp. Leads Investment in TheStreet, Inc.; Investment Enables Removal of Capital Structure Overhang November 14th, 2017

Arrowhead Pharmaceuticals Reports Inducement Grants under NASDAQ Marketplace Rule 5635(c)(4) October 23rd, 2017

Arrowhead Hosts Investor & Analyst R&D Day to Introduce TRiM(TM) Platform and Lead RNAi-based Drug Candidates September 14th, 2017

Announcements

Quantum memory with record-breaking capacity based on laser-cooled atoms December 15th, 2017

Record high photoconductivity for new metal-organic framework material December 15th, 2017

Error-free into the quantum computer age December 15th, 2017

Leti Will Demonstrate First 3D Anti-Crash Solution for Embedding in Drones: Fitted on a Mass-Market Microcontroller, 360Fusion Software Technology Detects any Dynamic Obstacle and Helps Guide Drones Away from Collisions December 15th, 2017

Energy

Inorganic-organic halide perovskites for new photovoltaic technology November 6th, 2017

Dendritic fibrous nanosilica: all-in-one nanomaterial for energy, environment and health November 4th, 2017

New nanomaterial can extract hydrogen fuel from seawater: Hybrid material converts more sunlight and can weather seawater's harsh conditions October 4th, 2017

Researchers set time limit for ultrafast perovskite solar cells September 22nd, 2017

Solar/Photovoltaic

Record high photoconductivity for new metal-organic framework material December 15th, 2017

Inorganic-organic halide perovskites for new photovoltaic technology November 6th, 2017

New nanomaterial can extract hydrogen fuel from seawater: Hybrid material converts more sunlight and can weather seawater's harsh conditions October 4th, 2017

Researchers set time limit for ultrafast perovskite solar cells September 22nd, 2017

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