RoseStreet Labs Announces Full Spectrum Solar Cell Commercialization Agreement with Cornell University
RoseStreet Labs announced today a Solar Cell Commercialization Agreement to develop full spectrum photovoltaics, commonly referred to as PV’s or solar cells, utilizing licensed technology jointly developed by Cornell University and Lawrence Berkeley National Laboratory. These solar cells will be the first commercialized that capture the broad spectrum of the sun’s energy utilizing thin film technology, a single material system and with potential efficiencies exceeding 55%.
RoseStreet Labs plans on leveraging its high volume semiconductor bumping foundry in Phoenix, FlipChip International, to produce an excellent low cost renewable energy solution. The new agreement between RoseStreet and the Cornell Center for Technology, Enterprise and Commercialization (CCTEC), Cornell’s intellectual property management and licensing arm, also extends to the related research at Lawrence Berkeley National Laboratory (Berkeley Lab). Both research organizations will continue their studies in this area as RoseStreet Labs completes the commercialization of the solar cells.
Bob Forcier, President and CEO of RoseStreet Labs, said, “We are excited about bringing a more powerful solar cell to the market as the global economy becomes more dependent on fossil fuels such as oil, coal, and natural gas which are rapidly depleting. We will be ready as oil heads past the +$100 a barrel threshold and clean renewable energy becomes a vital platform for economic growth worldwide.”
“Completion of the license agreement between CCTEC and RoseStreet Labs marks the beginning of an exciting product development effort,” said Ernest Davis, Technology Manager with CCTEC. “We look forward to continuing our relationship with RSL as it takes further steps to fully commercialize our solar cell inventions.”
RoseStreet Labs, LLC, is a supplier of products and services for wireless infrastructure in the life sciences, renewable energy and homeland security markets.
CCTEC is the intellectual property management and licensing office of Cornell University. Visit CCTEC’s website at http://www.cctec.cornell.edu .
Berkeley Lab is a U.S. Department of Energy national laboratory located in Berkeley, California. It conducts unclassified scientific research and is managed by the University of California. Visit the Lab website at http://www.lbl.gov .
