Magnolia Solar Corp. says it will be a key partner in the U.S. Photovoltaic Manufacturing Consortium (PVMC), a new initiative that will be funded from a $57.5 million grant by the U.S. Department of Energy (DOE).
The consortium will be located at the College of Nanoscale Science and Engineering (CNSE) at the University at Albany and is expected to enhance Magnolia Solar's work developing and commercializing new thin-film solar cell technologies.
The PVMC is a partnership led by CNSE and SEMATECH, with over 80 companies, universities and high-tech laboratories committed to joining the alliance. The consortium is designed to develop new photovoltaic manufacturing technologies, streamline their introduction into the global marketplace and help the U.S. gain a greater market share of this growing industry. Funding for the consortium came from the DOE SunShot Initiative.