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Business

Konarka Enters Pact With Japan’s Konica

by Michael McCoy
March 8, 2010 | A version of this story appeared in Volume 88, Issue 10
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Konarka Technologies, a Lowell, Mass.-based developer of polymeric photovoltaic products, has formed an R&D collaboration with Konica Minolta, the Japanese imaging firm. Konica Minolta will invest $20 million in Konarka as part of a deal to develop organic thin-film photovoltaics for solar energy generation. The eventual goal is to produce photovoltaic panels in Japan. Konarka got $45 million from France’s Total in a similar photovoltaics deal signed in late 2008.

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