WOBURN, Mass.--(BUSINESS WIRE)--Magnolia Solar, Inc., a developer of high-efficiency, nano-structured solar cells using low cost materials, will participate in the Second Annual Conference on Renewable Energy to be held on 5-6 February at the Imperial Hotel in New Delhi, India. This conference will bring together experts in renewable energy including the government, policy makers, developers and manufacturers, financiers, and investment community to address the growth of renewable energy in India.
Commenting on his participation in the conference, Dr. Ashok Sood, Cofounder and President of Magnolia Solar stated, \"We are delighted to have the opportunity to participate in an event in India that brings together many of the best minds in the renewable energy industry. Magnolia Solar is developing innovative solar cell technology to help make solar energy a significant part of the future energy requirements in the US, India, and around the world.” Dr. Yash Puri, Cofounder and Executive Vice President added, “We are very excited about the Indian market. India’s rapidly growing economy, its vast population, and ideal conditions for solar energy present a host of opportunities for stand-alone and grid-connected applications. We are planning a significant presence in India to serve its energy requirements.”
Based in Woburn, MA, Magnolia is developing solar cell technology that will cover the ultraviolet, visible, and infrared part of the solar spectrum. This innovative, nano-structure based thin-film solar cell technology will enhance photovoltaic performance while lowering per-watt cost for terrestrial applications. Magnolia Solar plans to use its technology to bring the cost of the solar power to less than one dollar per watt and become a key player in the solar power market that has been growing at about 30% per year. The emphasis for the next generation solar cells is to develop nano-technology based processes that can be deposited on low cost materials such as glass and polymers.
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