Innovalight Wins $3.4M from DOE

Wade Roush5/23/11

Sunnyvale, CA-based Innovalight, whose “silicon ink” material increases the efficiency of photovoltaic panels, said Friday that it has won a $3.4 million grant from the U.S. Department of Energy to speed up production of silicon ink. The award is part of the DOE’s “SunShot” program, which aims to reduce the cost of residential and utility solar power by 75 percent by 2020.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @