Solar EnerTech Completes Second Solar Cell Production Line

Solar EnerTech Corp. announced that the Company recently completed the build out of its second solar cell production line. The new 25 MW solar cell production line is located at the Company’s solar cell manufacturing facility in Shanghai and the addition of this new line doubles the company’s solar cell production capacity from 25MW to 50MW. “The completion of this second line is a great accomplishment for our company and we are... Read more..

SunPower and GE Partner to Power-Up HP in San Diego

SunPower Corporation, a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels, and solar systems, and GE announced today the completion of a 1.1-megawatt solar-electric power system on the roof of HP’s printing technology research and development facility in San Diego. The companies are jointly dedicating the system today at the HP site. SunPower is also providing HP employees with preferred rates on solar power systems... Read more..

Solar EnerTech Acquires Stake in 21-Century Silicon; Secures Future Silicon Supply

Solar EnerTech Corp. announced that the Company has entered into an equity purchase agreement in which it acquired two million shares of common stock of 21-Century Silicon, Inc., a polysilicon manufacturer based in Dallas, Texas (”21-Century Silicon”) for $1 million cash. The two million shares acquired by the Company constitute approximately 7.8% of 21-Century Silicon’s outstanding equity. The equity purchase agreement further provides... Read more..

Ricardo Creates New Strategic Business Group to Focus on Hybrid Vehicle Development

Ricardo, Inc., a leading independent provider of technology, product innovation and engineering solutions to the world’s automotive, military, transport and new energy industries, today announced the formation of a dedicated global strategic business group to focus the company’s state-of-the-art resources in technology, facilities and engineering skills on hybrid and electric vehicle development. The new organization, to be known as the... Read more..

Investment Firm Allied Minds to Commercialize New University of Washington Algal Biofuel Technology

Allied Minds, a seed investment corporation specializing in early stage university business ventures, has partnered with the University of Washington to establish AXI, LLC to commercialize novel technology to develop and create commercially advantageous strains of algae for the production of biofuels. A number of factors have contributed to the increase in demand for biofuels. National and economic security, crude oil prices, depletion of fossil fuel... Read more..

Johnson Controls-Saft Awarded $8.2 Million Development Contract

The United States Advanced Battery Consortium (USABC), with funding from the U.S. Department of Energy, has awarded Johnson Controls-Saft a contract valued at $8.2 million. The contract will focus on the development of lithium-ion battery systems for plug-in hybrid electric vehicles (PHEVs) and over the course of two years will seek to validate the commercial feasibility of lithium-ion technology for mass market PHEVs. “We are working on the... Read more..