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11-23-2009: The 2009 Balzan Prizes for the Science of New Materials was awarded to Michael Grätzel (Switzerland/Germany, EPFL Lausanne). This year, the prize has the value of one million Swiss francs. The prizewinner must set aside half of this sum to finance research projects preferably carried out by young scholars or scientists.

The Balzan Prize was awarded to Michael Grätzel (the Science of New Materials) "for his many contributions to the Science of New Materials, and in particular for his invention and development of a new type of photovoltaic solar cell, the Dye Sensitized Cell, commonly known as the Grätzel Cell.

The subject areas change every year and the awards ceremony alternates between Berne and Rome.

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