Green Progress
 

Alternative Energy


Funding Received for Further Development of 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 PV technology for organic solar cells.

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 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.





More Alternative Energy Articles


Department of Energy to Train 75,000 Solar Workers


First Hybrid-Flywheel Energy Storage Plant in Europe announced in Midlands


World's Largest Solar Thermal Power Project at Ivanpah Achieves Commercial Operation


NTU Scientists Make Breakthrough Solar Technology


Wireless Devices Go Battery-Free Using "Ambient Backscatter" from TV and Cellular Transmissions


Harvesting Electricity from the Greenhouse Gas Carbon Dioxide


Maine Project Launches First Grid-Connected Offshore Wind Turbine in the U.S.


University Researcher Making Rechargeable Batteries with Layered Nanomaterials


Vestas 8 MW Offshore Wind Turbine Could Power Up To 3200 Homes


Urban Green Energy and GE Unveil the Sanya Skypump, an Electric-Vehicle Charging Station Equipped with Wind and Solar Power

even more articles...

Suggest an Article for Green Progress









Green Progress :: Green Technology and Environmental Science News
Green Progress is an EcoMethods™ sustainability project. Copyright © 2005 - 2018 Green Progress. All rights reserved.