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New SunEdison Polysilicon Technology to Slash Cost of Solar Power (40¢/Watt by 2016)
http://sunedison.com/wps/portal/memc/aboutus/newsroom/pressreleases/[font face=Serif][font size=5]New SunEdison Polysilicon Technology to Slash Cost of Solar Power[/font]
[font size=4]Proprietary technology will contribute to 400 watt / $0.40 per watt peak solar panel by 2016[/font]
[font size=3]BELMONT, Calif., Oct. 1, 2014 /PRNewswire/ -- SunEdison, Inc. (NYSE: SUNE), a leading global solar technology manufacturer and provider of solar energy services, today announced that its most advanced polysilicon technology was now in production and on target to produce solar material at the lowest cost in the world. This achievement represents a step-change in technology and will enable SunEdison to deliver a 400 watt peak solar panel at a cost of $0.40 per watt peak by 2016.
"Solar energy is at a transformational moment in time and innovative technology is what will power that transformation," said Ahmad Chatila, Chief Executive Officer of SunEdison. "Our latest advance is a leap forward in solar technology and will enable solar power to become the lowest cost energy solution – not just an alternative to other renewables, but the cost-winner over fossil fuels as well."
The technology, called "high pressure fluidized bed reactor" (HP-FBR), produces high purity polysilicon 10 times more efficiently and with 90% less energy used than non FBR technologies. SunEdison's new HP-FBR technology requires less land, less capital and fewer natural resources, delivering a more economical and sustainable method to produce polysilicon at the lowest overall cost. This breakthrough will reduce the cost of the raw material needed to produce solar panels to less than $0.05 per watt peak by 2016.
HP-FBR technology is now in production in an Ulsan, Korea joint venture facility of SunEdison, SunEdison Semiconductor, and Samsung Fine Chemicals (SFC).
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[font size=4]Proprietary technology will contribute to 400 watt / $0.40 per watt peak solar panel by 2016[/font]
[font size=3]BELMONT, Calif., Oct. 1, 2014 /PRNewswire/ -- SunEdison, Inc. (NYSE: SUNE), a leading global solar technology manufacturer and provider of solar energy services, today announced that its most advanced polysilicon technology was now in production and on target to produce solar material at the lowest cost in the world. This achievement represents a step-change in technology and will enable SunEdison to deliver a 400 watt peak solar panel at a cost of $0.40 per watt peak by 2016.
"Solar energy is at a transformational moment in time and innovative technology is what will power that transformation," said Ahmad Chatila, Chief Executive Officer of SunEdison. "Our latest advance is a leap forward in solar technology and will enable solar power to become the lowest cost energy solution – not just an alternative to other renewables, but the cost-winner over fossil fuels as well."
The technology, called "high pressure fluidized bed reactor" (HP-FBR), produces high purity polysilicon 10 times more efficiently and with 90% less energy used than non FBR technologies. SunEdison's new HP-FBR technology requires less land, less capital and fewer natural resources, delivering a more economical and sustainable method to produce polysilicon at the lowest overall cost. This breakthrough will reduce the cost of the raw material needed to produce solar panels to less than $0.05 per watt peak by 2016.
HP-FBR technology is now in production in an Ulsan, Korea joint venture facility of SunEdison, SunEdison Semiconductor, and Samsung Fine Chemicals (SFC).
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