Magnolia Solar Corporation announced that it has received a product development contract from the New York State Energy Research and Development Authority.
Magnolia was awarded $250,000 in grants from New York state and will use the funding to study ways to improve the performance of thin film solar cells through the incorporation of advanced light trappings. The solar company plans to collaborate with Fred Schubert, a professor at the Renesselaer Polytechnic Institute in New York, on the project.
Magnolia hopes its research will lead to the development of more efficient solar cells that companies and homeowners alike can use to generate the optimal amount of energy from the sun. Magnolia’s chief executive and president, Dr. Ashok K. Sood, says that the project has “tremendous potential benefits for New York State in terms of security, economic growth, and the environment.”
My Two Cents: I am happy to see grants being awarded for technology research in solar. Not enough is being done to reduce our dependency on fossil fuels. As peak oil occurs nation by nation in our lifetimes across our planet the cost of energy will become to expensive, unless we have other energy we can purchase that is affordable. This will not happen without R and D. Solar Power is very important for our future. I have worked on a solar project with citysolar here in New York. I enjoy seeing power being created with our sun, but most of the power is wasted, thus the need for more R & D. Here is a link to citysolar: http://www.citysolar.org/