Molecular Solar Ltd. a spinout company from the
The company has developed a range of new technologies that places them in a unique position to exploit organic solar cells for a range of novel energy saving applications.
Molecular Solar Ltd researcher Professor
“We are working with solar cells made from organic semiconductor materials which offer the prospect of very low cost manufacture of lightweight, flexible cells. They are made from sustainable materials and can be deployed as flexible sheets that could be used for a variety of applications including: a solar powered mobile phone charger that rolls up into a shape as small as the size of a pen, micro-lights that can be added to clothing, and a detachable sun-shade for automobile windscreens that powers a small integral fan to circulate air and cool the interior of the car when parked in direct sunlight.”
Molecular Solar Ltd is participating in a recently announced £2.1M project being funded by the Technology Strategy Board (TSB), the Engineering and Physical Sciences Research Council (EPSRC) and the other participating companies (Kurt Lesker, Asylum Research and New World Solar) to develop prototype third generation organic solar cells.
The company also attracted significant Venture capital support following the announcement by Molecular Solar researchers that they had developed a gold plated window as the transparent electrode for organic solar cells. Contrary to what one might expect, these electrodes have the potential to be relatively cheap since the thickness of gold used is only 8 billionths of a metre. This ultra-low thickness means that even at the current high gold price the cost of the gold needed to fabricate one square metre of this electrode is only around £4.50.
Dr. Mark Payton, Managing Director of Mercia Fund Management which led the company’s latest investment round alongside management and private investors, said: “Our model is to back world-leading academic excellence associated with scalable, disruptive technology – Molecular Solar excels on all fronts and we see this new venture as the potential leader in the development of third generation organic solar technology making this form of energy provision open to a much broader market place.”
For further information please contact:
Peter Dunn, Head of Communications
Communications Office, University House,
University of Warwick, Coventry, CV4 8UW, United Kingdom
Tel: +44 (0)24 76 523708 Mobile/Cell: +44 (0)7767 655860
About Molecular Solar Ltd: Molecular Solar was formed in December 2008 with the assistance of Warwick Ventures Ltd. ( www.ventures.warwick.ac.uk ) which is responsible for commercialising technology at the
About Mercia Fund Management Mercia Fund Management (www.merciafund.co.uk) has a suite of funds under management and seeks technology-backed companies seeking early stage, growth and development capital. One such fund, the Mercia Fund 1, is focused on supporting leading technologies, that have achieved proof of principle with global potential in Healthcare (particularly MedTech ), Telecoms, ITC, and Clean Technologies deriving from 8 Universities. Mercia Fund Management is authorised and regulated by the Financial Services Authority (FSA). It is a member of the British Private Equity and Venture Capital Association (BVCA).