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News
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Date: 17th June 08
Intel to form an independent company
called SpectraWatt to manufacture solar cells
Intel with objective to boost its investment
in clean technology initiative, has formed an independent
company called SpectraWatt Inc. Intel Capital has invested
$50 million in its first round of investment. The other stakeholders
are, Cogentrix Energy, PCG Clean Energy and Technology Fund
(CETF) and Solon AG.
SpectraWatt to produce Photo-Voltaic cells
to solar cell module vendors. Also innovative process technologies
to increase efficiency of PV cells will be researched and
developed in this new firm. The first shipment of PV cells
is expected in mid 2009.
Environment friendly technologies are no
more just a craze or concern but is the next strategic thinking
in making profits.
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