Plextronics Receives Funds to Develop Plexcore PV for Organic Solar Cells

Organic solar cells use extremely thin layers of plastic semiconductors, instead of silicon, to absorb light and create electricity. They can be lightweight, flexible, and can operate well even in low-light conditions. The semiconductors can be printed like inks resulting in a much lower cost of production.

"The Sustainable Energy Fund is pleased to partner with Plextronics in the research and development of photovoltaic and organic lighting projects. These projects are a natural fit with the SEF's mission of developing and investing in economically viable, energy related projects that promote environmentally sound and sustainable energy use," stated Dennis Maloskey, Chairman of the Program Related Investment Committee.

In March 2006, the West Penn Power Sustainable Energy Fund (WPPSEF) also invested in Plextronics to support the development of Plexcore HIL for solid-state lighting. Pennsylvania's progressive alternative energy portfolio standard states that by 2020, 18 percent of all retail energy must come from clean, efficient and advanced resources.