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People & Business :: Emerging Companies

Morgan Stanley Invests Millions in Dye-sensitized Thin Film Solar Cell Company

4:39 AM MDT | June 10, 2008 |

Alex Scott

Start up firm G24 Innovations (G24i; Cardiff, U.K.), a developer and producer of dye-sensitized thin film solar cells-an alternative to traditional silicon solar cells, says Morgan Stanley business unit Morgan Stanley Principal Investments (MSPI) has invested $20 million in the company. The investment has bought MSPI an undisclosed minority share in G24i and the right to appoint a director to the business.   G24i says it expects Morgan Stanley to be the lead investor in a round of fundraising that is aimed at underpinning growth for the company during the...

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