MEDIA RELEASE PR36036
Innovalight Achieves Record Efficiency Silicon Ink Solar Cell
SUNNYVALE, Calif., Sept. 9 /PRNewswire-AsiaNet/ --
18 percent conversion efficiency of sunlight to electricity
independently verified
Innovalight, Inc., a privately-held firm providing printed silicon ink
solar cell technology, today announced that the company has demonstrated a
record 18 percent conversion efficiency with silicon-ink processed solar
cells. The industry standard size solar cell results were independently
certified by two of the world's recognized solar cell testing centers, the
U.S. Department of Energy's National Renewable Energy Laboratory (NREL) and
The Fraunhofer Institute for Solar Energy Systems (ISE) in Germany.
Innovalight's proprietary silicon ink and processing technologies allow
crystalline silicon solar cell manufacturers to dramatically boost output
capacity, solar cell performance as well as reduce costs with a simplified
additional step to already installed manufacturing lines. Crystalline silicon
solar cell technology accounts for 86% of the commercial solar panel market
today, according to Paula Mints, principal analyst for Navigant Consulting,
Inc., a leading solar industry research firm.
"Recently, NREL verified 18% efficiency which is a very significant
achievement," said Martha Symko-Davies, senior program manager at NREL. "We
also are pleased that Innovalight has recently been awarded a $3 million
Technology Incubator subcontract through the National Renewable Energy
Laboratory, funded under the Department of Energy," she added.
"Innovalight's silicon ink and processing technologies provide a
compelling solution in an otherwise undifferentiated marketplace for solar
cells," said Homer Antoniadis, chief technology officer for Innovalight.
"Optimized for use with industry standard deposition tools, Innovalight's
solution improves the economics of solar cell manufacturing," he added.
Innovalight is currently working with a number of solar cell
manufacturing companies and is ramping production of silicon ink at its site
in Sunnyvale, California. The company is developing technologies based on
silicon ink to ultimately bring conversion efficiencies of crystalline
silicon solar cells to over 20 percent.
About Innovalight
Innovalight is a privately held firm based in Sunnyvale, California.
Based on silicon-ink technology, the company is developing low-cost,
high-performance technologies to produce lower cost solar cells. Innovalight
is venture capital backed and has also received significant development funds
from the United States Department of Energy.
About National Renewable Energy Laboratories (NREL)
NREL is the U.S. Department of Energy's primary national laboratory for
renewable energy and energy efficiency research and development. NREL is
operated for DOE by the Alliance for Sustainable Energy, LLC. For more
About the Fraunhofer Institute for Solar Energy Systems (ISE)
The Fraunhofer Institute for Solar Energy Systems (ISE) conducts research
on the technology needed to supply energy efficiently and on an
environmentally sound basis in industrialized, threshold and developing
countries. To this purpose, the Institute develops systems, components,
materials and processes in the areas of thermal use of solar energy,
photovoltaic, solar building, electric power supplies, micro-energy
technology, chemical energy conversion, energy storage and rational use of
energy. The institute's work ranges from investigation of scientific
fundamentals for solar energy application, through the development of
production technology and prototypes, to the construction of demonstration
systems. The institute plans, advises and provides know-how and technical
facilities as services. For more information please visit
SOURCE: Innovalight, Inc.
CONTACT: Tim Turpin of Sparkpr
+1-415-244-9699
tturpin@sparkpr.com
for Innovalight, Inc.
NEWS 
