In a major business endeavor aimed at expediting commercialization of their solar photovoltaic (PV) products, Massachusetts-based Konarka Technologies has teamed up with Paris, France-based Groupe Electricité de France (EDF), an international utility with an operating a portfolio of over 120,000 MW of generation capacity in Europe, Latin America, Asia, the Middle-East and Africa, serving 45 million customers worldwide.Lowell, Massachusetts – September 30, 2003 [SolarAccess.com] Working through EDF’s Silicon Valley-based Easenergy, in California, the companies will collaborate to develop and launch Konarka’s polymer photovoltaic (PV) products into the global market to provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications. “Konarka’s cooperation with the world’s largest utility signifies our deep commitment to rapidly transform the company from a developer to a global manufacturer and provider of products,” said Bill Beckenbaugh, President and CEO, Konarka Technologies. “Our relationship with EDF will serve to accelerate knowledge transfer, technology development and to better position the company to enter the global market, as will Konarka’s current partnerships with ChevronTexaco and Eastman Chemical.” Konarka uses low-temperature production methods to put the PV cells onto flexible, lightweight plastics. Under the terms of the agreement with Konarka, EDF will contribute expertise from its European operations to accelerate the development and roll-out of Konarka’s polymer PV products. “Working through EDF’s Easenergy team, we expect the EDF Group will benefit from Konarka’s photovoltaic nanotechnology that converts sunlight as well as indoor, artificial light into direct current (DC) electrical power,” said Alain Sarrazin, Senior Vice President at EDF.