Nanotechnology Now - Press Release: "Nanosolar Completes Panel Factory, Commences Serial Production"

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Abstract:
Today Nanosolar demonstrated the completion of its European panel-assembly factory as part of an inauguration event attended by Germany's Minister of the Environment, the Governor of the State of Brandenburg, and a host of other leading public officials. Located in Luckenwalde near Berlin, the fully-automated factory processes Nanosolar cells into finished Nanosolar panels using innovative high-throughput manufacturing techniques and tooling developed by Nanosolar and its partners.

Nanosolar Completes Panel Factory, Commences Serial Production

San Jose, CA & Germany | Posted on September 10th, 2009

The panel factory is automated to sustain a production rate of one panel every ten seconds, or an annual capacity of 640MW when operated 24x7. Nanosolar also today announced that serial production in its San Jose, California, cell production factory commenced earlier this year.

"Getting to the point of serial production with the unusual cost reduction involved in our technology is an accomplishment due to the incredible work and perseverance of our team," said CEO Roscheisen.

Production is presently set at approximately one MW per month. As Nanosolar's customers attain project financing from commercial banks for the new panel product, the company will increase its monthly production rate to deliver on its contractual customer commitments totaling $4.1 billion to date.

Said CEO Roscheisen: "With almost all large solar installations credit financed, broad based product bankability is our key next commercial goal. We have long prepared for this, including through the technology choices we have made, the strong balance sheet we have maintained, the quality of customers we have secured, and the local production we have built."

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About Nanosolar
At Nanosolar, we design, engineer, and manufacture solar power technology that sets the standard for cost and capital efficiency.

We believe that energy should be clean, safe, affordable, and abundant; and that a path to this exists through technology and innovation.

We love technology and have an intense focus on research and development – and do not shy away from even the most complex science, process, or engineering challenges.

We don’t install solar power systems; our partners do.

For more information, please click here

Contacts:
United States
Headquarters & Factory
Nanosolar, Inc.
5521 Hellyer Avenue
San Jose, CA 95138
Fax: 408.365.5965

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