GE, First Solar team on solar energy technology development

GE First Solar solar energy technology development cadmium telluride CdTe solar inverter

GE (NYSE: GE) is teaming with First Solar (Nasdaq: FSLR) to advance thin-film solar cells and modules around the world.

First Solar acquired GE’s global cadmium telluride (CdTe) solar intellectual property portfolio, while GE received 1.75 million shares of First Solar common stock as part of the deal.

The companies have formed a collaboration around solar inverter technology in which First Solar will continue to purchase inverters from GE Energy Management for use in the company’s global solar deployments. First Solar’s existing manufacturing sites will also be used to further advance CdTe technology. GE said it will discontinue the build-out of its Aurora, Colo. solar manufacturing facility.

Read more contracts and projects news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...