Konarka Technologies Inc. (Lowell, MA), a developer and manufacturer of photovoltaic nanomaterials products that convert light to energy, announced that it acquired Siemens AG’s organic photovoltaic (PV) research activities. The acquisition brings together two leading efforts to develop and commercialize a new generation of PV that are inexpensive, easy-to-manufacture and versatile. The new plastic power cells will make it possible for any electronic device or structure to carry its own on-board source of renewable energy.
"Siemens is one of the world’s largest innovators in electronics and power generation, and this transaction augments Konarka’s ability to deliver the first practical forms of solar power that achieve the price and efficiency performance required to be the global market leader in distributed energy," said Konarka Chairman and CEO Howard Berke. "The integration of our organic PV program with Siemens’ complementary resources will result in powerful commercial advantages to our customers, changing how the world thinks about harvesting energy from the sun."
