QSolar (CNSX:QSL) will Achieve Grid Parity on a Commercial Scale by Fourth Quarter 2011 - Video News Alert Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, June 23, 2011 - QSolar Limited (CNSX:QSL) has
announced that it will be the first solar company in the world to achieve grid
parity in the manufacturing of high efficiency crystalline silicon solar panels
on a commercial scale.
InvestmentPitch.com has produced a "video news alert", enhanced with additional
multimedia, summarizing this news. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "QSolar" in the search box.
QSolar's President and CEO, Andreas Tapakoudes commented, "The ultimate
objective for solar industry participants is to achieve grid parity, which means
that they can produce electricity from the sun at the same overall cost as the
commercially available cost of electricity produced by fossil fuel. With
QSolar's proprietary Kruciwatt wafer manufacturing process, the company has
already achieved grid parity in the laboratory."
The company anticipates reaching this level of commercial production in the
fourth quarter of 2011, when it begins producing its new Kruciwatt panels at its
newly opened manufacturing facility in Shanghai, China.
In order to safeguard its proprietary technology, the company owns and operates
this facility. It will however, use a contracted manufacturer in Shenzhen for
some of the processes.
The initial production run that will allow QSolar to surpass this holy-grail of
grid parity within the solar industry, will fulfil the recently announced $75.4
million order from Commercial Solar Design of California. Commercial Solar
focuses on solar farm and large commercial solar projects and they build solar
power plants in the range of 10MW. This transaction would represent
approximately 220,000 solar panels in one of the U.S's fastest growing solar
markets.
QSolar first introduced their products in July 2010 and have attracted
significant interest, orders and letter of intent from European and U.S.
markets.
The company has become a leading solar energy company with patented applications
on different manufacturing processes, which result in significantly lowering the
cost of solar panels. Conventional wafer manufacturing processes consist of
growing large ingots of silicon crystals in furnaces and cutting them into thin
wafers using wire saws. This process results in material loses of up to 50% from
the silicon dust produced during cutting. QSolar's uses a proven metal casting
method to manufacture individual wafers in graphite crucibles, which eliminates
any cutting, thereby eliminating any waste.
Rather than laminating solar cells into panels, they adopted a spraying
technique called SPRAYTECH79 that uses a highly protective insulator plastic
compound which forms an impenetrable film around the cell protecting it from the
weather under any conditions. This process is 35% faster than any manufacturing
technology available in the market.
These Spraytek panels offer several advantages over competing products:
* they have significantly lower losses in hot climates due to their design,
* they offer superior solar cell encapsulation for better protection
and longer life, and
* they cost less than equivalent products.
QSolar also offers their solar panels with positive tolerance which means that
the customer will get a guaranteed output which can be up to 5% more than actual
specifications.
For more information, please visit QSolar's website at www.qsolar.net, phone
403-775-1266 or by email info(at)qsolar.net.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan(at)investmentpitch.com
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other applicable laws; and
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originality of the information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 23.06.2011 - 17:35 Uhr
Sprache: Deutsch
News-ID 55825
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