Massachusetts shines on solar co. Konarka, loans $5M
Thin-film solar company Konarka just landed a $5 million loan from the Emerging Technology Fund of Massachusetts Development Finance Agency and the Massachusetts Renewable Energy Trust’s Business Expansion Initiative. The funds will be used to build out its new solar material factory in New Bedford, Mass., which has been open since October.
Konarka is known for making plastic solar film capable of turning natural and artificial light into power. Its current manufacturing plant can make enough… Continue Reading
Konarka powers up with $45M for solar “plastic”
Solar innovator Konarka Technologies took in $45 million in strategic funding to further develop its new product for sunlight conversion called Power Plastic and bring it to market. Oil and gas company Total provided the round, acquiring a 20 percent stake in Lowell, Mass.-based Konarka. It hopes to integrate the plastic solar film into products made and used by its subsidiaries, including Hutchinson, Sartomer and Bostik.
The Power Plastic line is prized for being lightweight, flexible… Continue Reading