Funding for Konarka Photovolaics Keeps Growing

Konarka Technologies has received funding from the Massachusetts Green Energy Fund and California-based Angeleno Group. These equity investments should help with the commercialization of the company’s polymer photovoltaic products.

September 30, 2004 [] Konarka lists up to 19 investors that are supporting the development of the company’s flexible, lightweight materials meant to enable any power-consuming device or structure to carry its own on-board source of renewable energy. The company began as a research and development effort on behalf of the U.S. Army at the military’s laboratory in Natick, Massachusetts. Konarka has since established ties with the Oakridge National Laboratory, and has also won a US $6 million grant from the Defense Advanced Research Projects Agency. The amount of the current funding agreement was not released.
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