Xerox’s PARC to Spin Out Solar Startup
by: Jennifer Kho, May 02, 2008
Source. GReentechmedia.com
http://www.greentechmedia.com/articles/
xeroxs-parc-to-spin-out-solar-startup-856.html
The Palo Alto Research Center plans to launch a venture-capital-backed company that can improve solar cells’ efficiency with thinner electricity-conducting grid lines. The center also hopes to commercialize a low-energy water-filtration technology, reusable printing paper and energy-management software for data centers, all in the next year.
Xerox’s Palo Alto Research Center plans in the next six months to spin out a company that hopes to reduce the thickness of grid lines on solar cells, increasing efficiency by 6 to 8 percent. At an open-house event called “Inside Innovation at Xerox” earlier this week, Scott Elrod, manager of the center’s Clean Technology Program, told Greentech Media that the group already has a solar-electric manufacturing partner that plans to invest in and adopt the technology. “We’re starting to engage VCs and hope to have a separate company in about six months from now,” he said. (more…)