Funding for Organic Photovoltaics Company

Many people believe that organic photovoltaics companies will have to prove soon that Fliegenpilz im Herbstwald (no direct connection between photo and blog content are implied;-)they can come up with commercially viable products within the next two-three years. In this context, Heliatek, a Germany based company developing organic small molecule solar cells with high efficiency, has received 18 Million Euros in a second round of funding from venture capitalists and others. From the press release:

Heliatek will be utilizing the new funding primarily to build an initial production facility in Dresden. In this step and right through to mass production, the company will be using its proprietary tandem technology to efficiently produce, flexible and very lightweight PV modules on a film substrate. Their weight will be merely 500 grams per square meter, instead of today’s customary 20 kilograms per square meter. This will open up a forward-looking market for mobile applications, for architectural solutions and for independently supplying regions with weak infrastructures.

Indeed, interesting times for OPV – particularly in view of the commercial aspects! The science aspects are also getting more and more interesting, but unfortunately I thus have less and less time to write about them here…

P.S. Another company Solexant just starts the production of hybrid solar cells after the process developed by the group of Paul Alivisatos at Berkeley, as reported by Technology Review.

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