Mouli Cohen
New York, NY (PRWEB) January 14, 2010
Prism Solar Technologies and The Solar Energy Consortium (TSEC) last month reached an agreement on a $3.6 million federal grant secured by Congressman Maurice Hinchey’s Office for Prism Solar. Prism Solar will receive $3,240,000 to manage a project to commercialize a unique solar bifacial ribbon cell technology that can be utilized with Prism Solar’s Holographic Planar Concentrator (HPC) technology.
Mouli Cohen, Founder and Chairman of Voltage Capital, was asked today for his thoughts on the new grant.
“This agreement between Prism and TSEC will support Prism's development of a high efficiency, bifacial cell technology that complements Prism's holographic planar concentrator which concentrates light onto solar cells," Cohen said. "The project will enable an innovative cell technology that is light-weight and conformable, and therefore useful in off-grid applications such as those needed by the Department of Defense."
The first 12-18 months of the new initiative will entail research and development, and the production of the new solar ribbon product. Prism will use the product itself in its second generation of modules, but the military, as well as other companies, are also expected to have a deep interest in the product. This solar cell technology is a process for growing long thin ribbon crystals of silicon that can be used in photovoltaic electricity generation. The resulting products are lightweight, foldable, rugged, portable, and efficient.
According to Cohen, “… this project fits perfectly with TSEC’s goal of developing New York’s Hudson Valley into a hub for solar research, development, and manufacturing. This project is part of TSEC’s effort to work with private companies, such as Prism, to create hundreds of jobs, grow the solar industry, increase federal investments in solar research, developments and products, and contribute to economic growth throughout New York.”
About Mouli Cohen
Mr. Cohen is a successful entrepreneur who has founded and developed successful ventures in the biotechnology, high technology, digital media and entertainment sectors. He has balanced his success in business with extensive philanthropic activities. Over the years he has supported children's charities, food programs, medical research, and the arts as well as education projects both in the US and abroad.
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