 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
GE To Make Strategic Investment In Emerging Solar Technology Company
Atlanta (SPX) Sept 25, 2007 GE Energy announced that it has reached an agreement to acquire a minority equity interest in PrimeStar Solar, Inc., an emerging solar thin-film technology and manufacturing company. PrimeStar Solar, headquartered in Golden, Colo., was formed in June 2006 to develop and commercialize thin-film photovoltaic modules. The company has 31 employees, including a core management team with more than 100 years of thin-film equipment and process experience. "Solar energy will play an important role in the future of the global energy market and is an integral part of our renewables portfolio," said Victor Abate, vice president of renewables, GE Energy. "Our goal, through this investment, is to place GE's solar business in a strategic position in the thin-film solar industry, adding to GE's diverse range of energy generation technologies." "PrimeStar Solar is excited to work with GE to accelerate our plans for large-scale commercialization of low-cost, high efficiency solar technology," said Brian Murphy, chief executive officer of PrimeStar. In March 2007, GE's solar business was selected for the U.S. Department of Energy's Solar America Initiative, a cost-shared, three-year cooperative agreement to drive down the cost of electricity to make solar energy competitive with other power generation technologies. Solar power is also among the renewable energy technologies that play a key role in ecomagination, GE's corporate-wide initiative to address challenges such as the need for cleaner, more efficient sources of energy, reduced emissions and abundant sources of clean water. Under ecomagination, which was launched in May of 2005, GE will invest $1.5 billion annually in research in cleaner technologies by 2010, up from $700 million in 2004. Community Email This Article Comment On This Article Related Links All About Solar Energy at SolarDaily.com
Costco Taps PermaCity To Continue Its Successful Solar Power Initiative In Southern California
Long Beach (SPX) Sept 25, 2007PermaCity has been contracted to design and build for Costco Wholesale Corporation solar power systems at a number of their Southern California facilities with a combined rated system output of 2.4 megawatts(dc). Building on the success of Costco's first 580 kW prototype system installation in Lancaster, CA, which PermaCity installed in 2006, PermaCity is now installing four more systems. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement |
