EVSO: New Prize-Winning Electrode Significantly Boosts Solar PV Efficiency

Evolution Solar (PinkSheets:EVSO) applauded the news that Students from Stanford University in California have developed a cutting-edge design that can increase the efficiency of photovoltaic panels through the use of a new kind of electrodes. This technology won the recent Massachusetts Institute of Technology Clean Energy Prize. The electrode technology was a product of a team named C3Nano, which was comprised of postgraduate chemical engineering scientists from Stanford. C3Nano competed against 60 other teams from 35 schools.

The electrode technology, called the “carbon nanobased transparent electrode” will increase the efficiency of thin-film PV panels by allowing up to 12 percent more sunlight to penetrate them. The electrode is said to cost approximately one-tenth of similar electrodes made out of conventional materials and is lighter and more flexible.

The prize provides capital resources and mentoring to green energy entrepreneurs from universities in the United States to jumpstart their businesses. The competition, having been funded by $65 million from private investors and the government since its inception, has launched over a dozen green ventures.

"We are seeing American ingenuity steadily breaking down the cost barriers in the solar industry," stated Robert Hines, President of Evolution Solar.

Evolution Solar is currently building a solar demonstration site in partnership with Texas Southern University, to be located at the University’s Houston Campus. The project should help Evolution Solar acquire new projects in a sector that is growing to compete in the energy industry, which includes Devon Energy Corporation (NYSE: DVN) EOG Resources Inc. (NYSE: EOG), Trina Solar (NYSE: TSL) and Massey Energy (NYSE: MEE).

About Evolution Solar Corporation

Evolution Solar Corporation, (EVSO), commercializes leading edge alternative solar energy technologies and related photovoltaic technologies, equipment and next generation appliances. Evolution Solar is an emerging industry leader capitalizing on its understanding of solar technology and supporting the development of alternative energy plans for large corporations and government organizations. Evolution Solar is also an expert consultant agency to organizations in their strategic and procurement plans for alternative energy contracts with public utilities.

For more information, visit http://www.evolutionsolar.com

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