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STC’s Newest Start-up Based on University Technology Aimed at Improving Solar Cell Performance

Albuquerque, NM – May 27, 2014 New technology developed at the University of New Mexico and the University of Arizona is the basis of a new local start-up company. First Photonics, funded by local venture firm Cottonwood Technology Fund, will develop the technology, chemical vapor deposition (CVD) diamonds, for application in multi-junction solar cells. Cottonwood has optioned the technology from STC.UNM. The technology was co-invented by Dr. Ganesh Balakrishnan from UNM’s Department of Electrical & Computer Engineering and scientists at the University of Arizona’s College of Optical Sciences. To read more about the company and technology, see Kevin Robinson-Avila’s May 26th article from the Albuquerque Journal’s Business Outlook, reprinted below.

Investors take a shine to new UNM solar tech

Copyright © 2014 Albuquerque Journal

A cheap synthetic diamond material may soon be the solar industry’s next best friend.

Scientists from the University of New Mexico and the University of Arizona have created a process that applies chemical vapor deposition (CVD) diamonds to reduce heat from the sun in solar cells. That, in turn, allows the photovoltaic chips to convert sunlight to electricity more efficiently.

The technology has caught the attention of local venture investors from the Cottonwood Technology Fund, who formed a new company, First Photonics, to take the invention to market.

Cottonwood acquired an option to license the invention from the Science and Technology Corp., UNM’s tech-transfer office. It invested $50,000 to further prove the technology in laboratory settings, and in the next few months, it expects to raise a much larger round of capital with co-investors to move the company forward.

“It’s still very early stage, but if the theoretical impact of this technology is shown to be real through further lab testing, then we think it has a lot of potential for market disruption,” said Cottonwood managing partner David Blivin.

First Photonics expects to apply its technology to concentrating PV systems that use multi-junction solar cells. Unlike a single-cell rooftop PV, multi-junction systems contain various layers of cells where each junction, or subcell, captures and converts sunlight to electricity, increasing output.

Those systems also use massive reflectors, or mirrors, to concentrate solar rays. That immensely magnifies the amount of sunlight available for cell conversion, helping to produce industrial-scale electric generation.

Nevertheless, concentrating the sunlight also greatly increases the amount of heat striking the cells. That interferes with PV efficiency, thus limiting the level of solar concentration that designers can build into systems, said Ganesh Balakrishnan, an electrical engineering professor at UNM who co-invented the new heat-reduction technology with engineers from Arizona.

“With any semiconductor, high operating temperatures will decrease performance levels,” Balakrishnan said. “Designers need to concentrate sunlight to make large PV systems economically viable, but as the sun gets more and more concentrated, the systems heat up too much, limiting solar-cell performance.”

Overheating also wears down PV materials over time, reducing the life of cells.

“Some concentrating systems are so hot they can melt a penny, so you end up with degradation of the solar crystals,” Balakrishnan said.

To alleviate heating, Balakrishnan and his colleagues created an inexpensive way to attach CVD diamonds to the base of solar cells.

That synthetic material, which is made through a crystal-growing process, is one of the best thermal-grade conductors known to man, Balakrishnan said. It’s being introduced fairly widely today in the semiconductor industry as a replacement for copper, traditionally used to conduct heat away from chips in things such as computers.

“CVD diamond is about four times better than copper as a thermal conductor,” he said. “And the process of making the diamond is getting cheaper because production is scaling up as computer electronics developers start to use it widely. That’s pushing prices down, making mass manufacturing of the material more economical.”

The diamond almost instantaneously pulls heat away from cells and spreads it throughout the diamond’s own surface. The heat then can be siphoned away from the diamond through heat sinks, such as fins like those in a car radiator that help radiate the heat out into the air.

By reducing the heat in concentrating multi-junction PV systems with an inexpensive CVD diamond-based material, designers not only can increase solar cell efficiency, they can increase concentration levels to produce more electricity, making the overall system more economical, Balakrishnan said.

The inventors developed the process over three to four years. Cottonwood now expects to prove the technology’s viability in the next few months.

In fact, the National Renewable Energy Laboratory in Colorado is assisting the company, providing some materials and testing services free of change, Blivin said.

The technology is patented, with UNM and the University of Arizona sharing the intellectual property rights, said STC CEO and Chief Economic Development Officer Lisa Kuuttila.

“We have a lot of jointly owned technology with the national labs and other research universities, but this is the first one that we’re jointly commercializing with the University of Arizona,” Kuuttila said. “We have an institutional agreement for UNM to take the lead on licensing this, and we’ll split the income.”


Source: Albuquerque Journal

For more information, contact:

Kevin Robinson-Avila