Magnolia Solar Corp. says its wholly owned subsidiary has received funding for a Phase II contract from the New York State Energy Research and Development Authority. This contract is for continued effort to demonstrate high-efficiency nanostructured thin-film solar cells and represents the second phase of a previously announced three-phase, $1 million development program.
The award of the Phase II funds was approved after the Magnolia team met the Phase I milestones for the development of nanostructure-based thin-film solar cells. Phase I accomplishments included the demonstration of advanced, tunable antireflection coatings for solar cells on glass substrates and the development of nanostructured absorber materials to capture a larger part of the solar spectrum for high-efficiency solar cell development, the company says.
For the Phase II efforts, Magnolia Solar will continue optimizing this solar cell technology. The company has opened an office at the Albany Nanotech complex on the University of Albany campus in order to collaborate closely with the development team members at the College of Nanoscale Science and Engineering and Rensselaer Polytechnic Institute.
SOURCE: Magnolia Solar Corp.