NVC Alum Awarded $2.5M from U.S. Department of Energy

Next Energy Technologies Awarded $2.5 Million From the US Department of Energy to Commercialize Low-Cost Transparent Solar Cells

Next Energy Technologies Inc. (NEXT), a solar technology company developing transparent energy harvesting coatings for seamless integration into commercial windows, announced today that they were selected to receive a $2,500,000 award from the U.S. Department of Energy SunShot Initiative, to be matched by NEXT for a total project budget of $5,000,000. NEXT's soluble small molecule (SSM)-organic photovoltaic (OPV) technology is expected to enable widespread adoption in commercial buildings by being the first solar technology to meet customer needs for building integrated photovoltaic (BIPV) windows to not only look and function like traditional attractive windows but also meet the needs of the market to deliver a good return on investment.

Next Energy Technologies was formed after winning UC Santa Barbara’s Technology Management Program New Venture Competition in 2010. The business was then named Chariot Solar and won the Most Fundable category in the competition.

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By Newswire.com