One company that has started to earn recognition is Shrink Nanotechnologies, Inc. Located in Carlsbad, California, Shrink is a high-technology developing-stage company that makes ultra-functional nano-sized technologies, components and product systems. Today the company announced that its wholly-owned subsidiary’s patent-pending Quantum Dot Solar Concentrator technology has demonstrated the ability to boost solar power absorption by silicon cells by nearly twice that of other leading photovoltaic materials.
The results were released in a published study. The study was published in Applied Physics Letters (Vol. 96, Issue 19) online on May 11, 2010. Entitled “Viability of using near infrared PbS quantum dots as active materials in luminescent solar concentrators”, the article is available for viewing at shrinksolar.com.
One of the unique aspects of the young company is that Shrink has the exclusive rights to commercialize and develop products based on its Quantum Dot Solar Concentrator technology. This technology was invented by Shrink Science Advisory Board member Dr. Sayantani Ghosh and Shrink Scientific Co-founder Dr. Michelle Khine.
In the latest study, Dr. Ghosh and her team determined that “the performance of chemically synthesized lead sulfide (Pbs) quantum dots (QDs) generated nearly twice the photocurrent in silicon cells than other materials, achieving an integrated optical efficiency of 12.6%. This attributed primarily to the broadband absorption of PbS, which allows optimum harvesting of the solar spectrum.”
Leading the way at Shrink is Mark L. Baum who serves as the company’s CEO. Baum is a respected name in the sector and has helped to guide Shrink into an evolving power. Baum was quoted as saying, “This published study confirms the findings of previous work conducted by some of the nation’s leading PV laboratories doing work on QDs. Our QD polymer-based solutions have the ability to extend the relative performance of existing PV technology and have the adaptability to be integrated into legacy PV technologies. This study provides another important proof-of-concept toward the commercialization and application of our solar energy technology for a wide range of solar powered products.”
Currently, Shrink Nanotechnologies is trading in the $0.21 range. With successful results from the published study and a stellar management team in place, Shrink is a company that has major potential.
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