Shrink Nanotechnologies, Inc. has announced the formation of a new subsidiary, Shrink Solar LLC, focused on commercializing its solar technologies: the OptiSolTM Solar Concentrator and the QuantumSol Solar PV. This new, first-of-its-kind technology not only has the high efficiencies of first generation cells but also the affordability of many second generation solar cells. Plus, both QuantumSol and OptiSol are made of sustainable materials, making them a "renewable" renewable energy source.
Using nanocrystal-based technology, Shrink's the OptiSol Solar Concentrator and QuantumSol Solar PV enhance silicon's ability to absorb sunlight and convert it to electricity. Shrink's non-optical systems include a first-in-class solar concentrator that can boost energy production from legacy silicon PV systems by optimizing the light for absorption by silicon.
The company's breakthrough nano-structured solar film designs will soon enable solar consumers to add energy-producing abilities to products already in use, from rooftop applications to windows and beyond. Imagine a window that produces power, or a cost-saving silicon rooftop solar array.
"Whereas silicon is only able to absorb a very narrow band of the available light produced from the sun, Shrink's 'tuned' nano-crystal solar concentrator technology - which is non-optical - it does not rely on mirrors, a lens or a tracking device - gathers the part of the light spectrum that silicon is unable to absorb - and then it converts that energy spectrum into a usable form (a re-emission) which become usable power," said Mark L. Baum, CEO of Shrink Nanotechnologies, Inc.