Intel Adds to its Solar Capabilities
Intel Capital has invested € 24 million in Sulfurcell, , a manufacturer of thin film solar modules.This new investment would be used by Sulfurcell to expand its Berlin plants production capacity.Arvind Sodhani, president of Intel Capital and Intel executive vice president says “ Cleantech investments worldwide, including solar power generation, are a key focus for Intel Capital, particularly in the wake of global warming concerns and rising energy costs for businesses and consumers . By investing selectively in innovative technologies, such as those delivered by Sulfurcell, we further the viability of alternative energy options and help increase adoption while reducing carbon emissions “
Intel has been selectively strengthening its solar capability . It had recently put up another couple of millions for a startup – SpectraWatt,however did not reveal the nature of the technology it plans to pursue.This latest foray in the solar segment indicates that it might be thin film solar technology and also signifies that thin film solar may hold the key for adoption of solar panels on a widespread basis.
Tags: intel, solar cell, solar panels, SpectraWatt, sulfurcell, thin film solarIf you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
July 16, 2008
Its great to see that tech firms are contunuing to lead the way in more enviromentally friendly practices. When a company spends that much money and its not splashed all over the place, you know its not being done for PR. Here in the UK there is a lot of enviromentalism for PR and career building.