Tuesday, February 5, 2008

Suniva, a solar photovoltaic maker, readies for production with $50M

Suniva is a company spun off from Georgia Tech's Center for Excellence in Photovoltaics. They have developed solar panel technology which today is 18% efficient, over 50% more efficient than normal solar panels, and they have a clear roadmap leading to 20% efficiency Real Soon Now. Further they claim an inexpensive cost, under $1 per watt, again Real Soon Now. They are just entering mass production with funding for a production facility capable of producing 25 megawatt's of panels per year.

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