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.

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