Plextronics, Inc. has been selected as the recipient of this year’s Clean Energy Entrepreneur of the Year award from the U.S. Department of Energy’s National Renewable Energy Laboratory (NRE). The award was given to the company that has the best chance of future success and who, in the judges’ opinion, made the best overall presentation at NREL’s investment forum.
“We are honored by this award and would like to thank the judges and NREL for recognizing the potential of Plextronics’ Plexcore(TM) technology,” stated Andrew Hannah, Plextronics’ President and CEO. “We are committed to delivering revolutionary renewable energy products based on Plexcore including organic solar cells and white lighting with the goal of providing both an economic and environmental benefit.”
Hannah praised the Commonwealth of Pennsylvania and its Department of Environmental Protection for its leadership in developing an aggressive Alternative Energy Portfolio Standard, which is one of the most progressive in the nation, requiring that 18% of all retail energy generated by 2020 comes from clean resources. Plextronics has been awarded $1.3 million in grants and loans through the Pennsylvania Energy Development Authority to advance its organic photovoltaic program. “The Commonwealth and DEP have been great partners and advocates of our company and our Plexcore PV solar cell technology,” commented Hannah. “Their support has enabled us to accelerate our development efforts.”
About Plextronics, Inc.
Plextronics, Inc. is developing active layer technology for printed electronic devices – OLED displays and lighting, polymer solar cells and plastic circuitry. Active layer technology is the printed conductors and semiconductors that drive device performance. Its Plexcore(TM) technology is specifically designed for each application to maximize device efficiency and operating lifetime in a cost effective manner. Plextronic’ has received the 2006 Wall Street Journal Technology Innovation Award, 2006 Start-up of the Year at the Organic Semiconductor Industry Awards, and is recognized by Lux research as a Top 50 Nanotechnology company.
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