Konarka Technologies Acquires Quantum Solar Energy

February 13, 2003 by Jeff Shepard

Konarka Technologies Inc. (KTI, Lowell, MA), a developer of flexible, polymer and nano-particle-based photovoltaic (PV) technology, announced that it has acquired Quantum Solar Energy Linz (QSEL, Linz, Austria) from Linz AG. The company has been renamed Konarka Austria Forschungs-u. EntwicklungsgesmbH (Forschungs-u. Entwicklungs translates as Research and Development).

Konarka CEO William Beckenbaugh remarked, "We consider organic solar cell technology as a complement to our dye-based solar cell nanotechnology, and are confident that organic PV will be a commercial success. One of the essential attributes of this technology is its compatibility with Konarka's expertise in roll-to-roll manufacturing and low-cost processing. The organic PV technology also opens the door for a hybrid solar cell, for which we have already applied for patent rights, that combines the advantages of our nanocrystalline titanium dioxide with conducting polymers."