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Evolution Solar (EVSO) applauded the news that Scientists at the Massachusetts Institute of Technology (MIT) have successfully coated paper with a solar cell, part of a suite of research projects aimed at energy breakthroughs.
The paper solar cells are one of many avenues being pursued around nanoscale materials at the Eni-MIT Solar Frontiers Center in Cambridge, Massachusetts. This breakthrough could lead to layers of these materials essentially being sprayed using different manufacturing techniques to make a thin-film solar cell on a plastic, paper, or metal foils. This technology has the potential to revolutionize the solar industry and result in drastic solar cost reductions.
The technique, in which paper is coated with organic semiconductor material using a process similar to an inkjet printer, is a promising way to lower the weight of solar panels. Installations could potentially be done using only a staple gun.
"The new solar technology is moving at light-speed," stated Robert Hines, President of Evolution Solar. "Costs are the number one inhibitor to solar installations. We expect that new technology will continually produce significant cost reductions for solar as we go forward."
MIT professor Karen Gleason headed the research and has submitted a paper for scientific review but it has not yet been published. MIT said this is the first time a solar cell has been printed on paper.
Evolution Solar is currently building a solar demonstration site in partnership with Texas Southern University, to be located at the University's Houston Campus. The project should help Evolution Solar acquire new projects in a sector that is growing to compete in the energy industry, which contains Trina Solar (TSL 21.60, -1.43, -6.21%), Clean Energy Fuels Corp. (CLNE 17.17, +0.03, +0.18%), SandRidge Energy Inc. (SD 7.03, -0.16, -2.23%) and Valero Energy Corp. (VLO 19.83, -0.53, -2.61%).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
About Evolution Solar
Evolution Solar Corporation, (EVSO), commercializes leading edge alternative solar energy technologies and related photovoltaic technologies, equipment and next generation appliances. Evolution Solar is an emerging industry leader capitalizing on its understanding of solar technology and supporting the development of alternative energy plans for large corporations and government organizations. Evolution Solar is also an expert consultant agency to organizations in their strategic and procurement plans for alternative energy contracts with public utilities.
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Evolution Solar Corp.
Robert Hines, 281-362-2760
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