French Rhodia invests in innovate photovoltaic technology
(ADPnews) - Sep 14, 2010 - French chemicals group Rhodia (EPA:RHA) announced today a joint investment with UK low carbon economy company The Carbon Trust in the capital of UK developer of organic photovoltaic (PV) devices Eight19, under a GBP 4.5 million (USD 6.9m/EUR 5.4m) fundraising operation.
The objective of Rhodia is to develop with Eight19 a third-generation PV technology, using polymeric semiconductors instead of silicon.
The solar cells will be addressed to market segments such as building integrated photovoltaics (BIPV), intelligent fabrics, mobile electric equipment or self-powered electronic devices.
The PV market is seen to register an annual growth rate of 20%-30%, Rhodia stated.
Eight19 was founded in 2009 by researchers from the Cambridge University.