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135 Million Dollars For Innovative Solar Technology
Newington CT (SPX) Sep 17, 2007 Schuco International KG, German parent company of Schuco USA L.P., and German energy giant E.ON AG are jointly investing $135 million to develop new photovoltaic (PV) modules based on thin-film technology for metal and glass facades. Production begins in mid 2008. The modules will be produced in Germany using technology supplied by Applied Materials, Inc., global market leader in nanomanufacturing. "We want to go on improving the cost-benefit ratio of integrating PV modules in building facades, and to make photovoltaic modules a standard feature in building envelopes", declares Dirk U. Hindrichs, CEO of Schuco International. Schuco International KG is the world's only system supplier that develops all types of transparent facade, photovoltaic, and solar-thermal components on its own, supplying a harmonized range of products to customers worldwide. With annual sales of $93 billion and 81,000 employees, E.ON AG is one of the world's largest energy suppliers. In July 2007, the two companies joined forces to create Malibu GmbH and Co. KG, with a total capital commitment of $135 million. The prime focus of capital expenditure is the thin-foil production facility supplied by Applied Materials, Inc. The plant will produce PV modules measuring up to 5.7 square meters (over 61 square feet). The PV modules produce up to 460 watts per module. The new facility will significantly boost productivity, further strengthening Schuco's position in the building-integrated photovoltaics market. The modules will be exported worldwide. Schuco USA L.P., on hand at Solar Power 2007 in Long Beach, supplies vinyl windows and doors, aluminum systems for building envelopes as well as solar power systems. Schuco USA belongs to European market leader Schuco International KG, which boasts fifty years' experience in aluminum, steel, vinyl and solar systems. It has 4,700 employees and 12,000 partner companies in 77 countries. Related Links All About Solar Energy at SolarDaily.com
Analysis: Solar energy in Uzbekistan
Washington (UPI) Sep 14, 2007 An era of record-high oil prices topping $80 a barrel has left investors and nations scrambling to develop alternative sources of energy. The theoretical annual potential of solar power is estimated to exceed all fossil fuels reserves by more than 10-20 times. |
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