Intel To Develop Solar Technology
Intel has announced a setting up of a new start up SpectraWatt under its "New Business Initiatives" program.It has also announced a $50 million investment in SpectraWatt and is joined by Cogentrix Energy, LLC, a wholly owned subsidiary of Goldman Sachs Group, PCG Clean Energy and Technology Fund (“CETF”) and Solon AG.SpectraWatt will manufacture and supply photovoltaic cells to solar module makers .It is expected that SpectraWatt will break ground on its manufacturing and technology development facility in Oregon in the second half of 2008 with first product shipments by mid-2009.Intel however was tightlipped when it came to which technologies it would focus upon and choose to say that it would focus on "advanced solar technologies" which can mean a whole bunch of things.
This development comes in heels of IBM‘s decision to partner with Tokyo Ohka Kogyo to improve thin film solar modules.It seems both Intel and IBM plan to leverage their expertise in chip design for advancing solar technology.
Tags: IBM, intel, PV, solar cell, solar energy, SpectraWatt, 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 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 [...]