Wednesday, December 19, 2007

Nanosolar Ships First Panels

After five years of product development – including aggressively pipelined science, research and development, manufacturing process development, product testing, manufacturing engineering and tool development, and factory construction – we now have shipped first product and received our first check of product revenue.

Our product is defining in more ways I can enumerate here but includes:

- the world’s first printed thin-film solar cell in a commercial panel product;

- the world’s first thin-film solar cell with a low-cost back-contact capability;

- the world’s lowest-cost solar panel – which we believe will make us the first solar manufacturer capable of profitably selling solar panels at as little as $.99/Watt;

- the world’s highest-current thin-film solar panel – delivering five times the current of any other thin-film panel on the market today and thus simplifying system deployment;

- an intensely systems-optimized product with the lowest balance-of-system cost of any thin-film panel – due to innovations in design we have included.

Today we are announcing that we have begun shipping panels for freefield deployment in Eastern Germany and that the first Megawatt of our panels will go into a power plant installation there.
I have had my eye on Nanosolar for a while now and it is great news that they have worked out all the kinks and are actually delivering products to customers (as opposed to their Silicon Valley neighbor Tesla Motors, ahem, come on guys we are still waiting).

They claim they can be profitably at $.99/Watt but I wonder what price they are actually selling at? This might be getting close to RE<C.

More on the thin film solar industry over at Earth2Tech.

via Nanosolar Blog

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