March 08, 2010

Albany Nano To Share $1M With Mass. Company

By: by Albany Business Review


The Energy and Environmental Technology Applications Center will share in a $1 million grant to advance solar energy technology.

The center, which is part of the University at Albany's College of Nanoscale Science and Engineering, is located on the Albany NanoTech research campus.

The college's energy center and grant co-recipient Magnolia Solar Corp. of Woburn, Mass. will use the New York Research and Development Authority's funds to develop low cost, nanostructure-based, thin-film solar cells.

Magnolia Solar develops thin-film photovoltaic modules for the defense and commercial industries. The grant program will study ways to improve the technology's energy efficiency while reducing production costs.

"This partnership further demonstrates CNSE's growing portfolio in supporting both innovative technologies and companies in the critical alternative energy sector," said Pradeep Haldar.