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Posted Wed Dec 2 2009: from BusinessGreen:
Organic solar firm enjoys growing financial support
German solar cell start-up Heliatek GmbH has announced that it has secured... a second round of financing that will allow it to begin work on a manufacturing facility near its Dresden headquarters. The company, which was founded in 2006 as a spin-off from the Universities of Dresden and Ulm, specialises in the development of so-called organic solar cells that use carbon and other organic materials to create dyes that convert sunlight to electricity. Advocates of the technology predict that the use of organic materials means it will ultimately prove more cost effective than both traditional silicon-based photovoltaic cells and emerging thin-film technologies. Organic solar cells are also extremely lightweight, with Heliatek claiming that its cells weigh just 500 grams per square metre, compared to about 20 kilograms per square metre for typical PV solar cells. The company predicts that as a result, the technology will prove well suited to building integrated and even mobile applications such as vehicles.
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'Doc Michael says:
Now there's an example of "growing our way out of a problem."

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