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Business

Merck, Solvay Invest In Photovoltaics

by Alexander H. Tullo
August 1, 2011 | APPEARED IN VOLUME 89, ISSUE 31

Merck KGaA and Solvay are making new investments in plastic electronics. Merck and Nano-C, a Westwood, Mass.-based developer of nanostructured carbon materials, will develop semiconductors for organic photovoltaics. Additionally, Merck will distribute derivatives of PCBM, a phenylbutyric acid-substituted C61 compound. The pair hopes to achieve solar power conversion efficiency of more than 10%. Separately, Solvay is investing $15 million in Pittsburgh-based conductive polymer firm Plextronics. Solvay participated in funding rounds for the company in 2007 and 2009.

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