Start-Up Sells Solar Panels at Lower-Than-Usual Cost

Write this name down and keep in mind when the IPO rolls around.

clipped from www.nytimes.com

Nanosolar, a heavily financed Silicon Valley start-up whose backers include Google’s co-founders, plans to announce Tuesday that it has begun selling its innovative solar panels, which are made using a technique that is being held out as the future of solar power manufacturing.

The company, which has raised $150 million and built a 200,000-square-foot factory here, is developing a new manufacturing process that “prints” photovoltaic material on aluminum backing, a process the company says will reduce the manufacturing cost of the basic photovoltaic module by more than 80 percent.

Nanosolar, which recently hired a top manufacturing executive from I.B.M., said that it had orders for its first 18 months of manufacturing capacity. The photovoltaic panels will be made in Silicon Valley and in a second plant in Germany.

Nanosolar has focused on lowering the manufacturing cost

Nanosolar

claims to be the first solar panel manufacturer to be able to

sell solar panels for less than $1 a watt