Magnolia, a low-cost developer of thin-film photovoltaic solar energy modules, will lend its non-toxic materials and technologies to a close collaboration with faculty and scientists at the College of Nanoscale Science and Engineering of the University at Albany
"We are delighted to receive this critical funding from NYSERDA, and to have the opportunity to play a role in providing future energy solutions for New York State. We are committed to growing in the Albany region, supported by the world-class intellectual and technological infrastructure at CNSE's Albany NanoTech Complex." said. Dr. Ashok K. Sood, president and CEO of Magnolia. "Magnolia Solar's mission is to provide environmentally responsible and low-cost solutions for the solar power industry, and to be an integral part of New York's green energy future."
Francis J. Murray, the president and CEO of NYSERDA, added that the authority was happy to help Magnolia expand its reach into New York as it attempts to realize a goal of Governor David Paterson to have the state utilize clean energy through emerging technologies.
