Konarka Technologies, developer of Power Plastic™ dye-sensitized solar cells has signed a non-exclusive licensing and joint development agreement for large-scale production with Renewable Capital Ltd of London, UK, an investment firm that identifies and invests in renewable technologies. Renewable Capital has committed resources, capital and equipment to their development activities. This includes the enlistment of services from Coatema, a world-renowned manufacturer of first-of-kind coating equipment.
As part of the agreement, Renewable Capital will have ongoing access to Konarka’s dye-cell technology, as it is developed. It anticipates the technology will scale to several hundred megawatts.
Konarkaq has licensee rights to dye-sensitized solar cell technology from the Swiss Federal Institute of Technology (EPFL). The EPFL's dye-sensitized technology was developed by the world-renowned scientist, Dr. Michael Graetzel, and enables photovoltaic technology to create energy across a broad spectrum of light, both indoors and outdoors. Konarka significantly enhanced the technology and process development based on the company's own inventions and exclusive, worldwide licensing rights to proprietary processes that enable production at lower temperatures, serving as the foundation for extremely low manufacturing costs. As a result, Konarka leveraged its own intellectual property in conjunction with the EPFL license, to expedite the commercialization of its photovoltaic (PV) technology.
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