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Intel Invests in Solar Power, Forms New Company : TreeHugger
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by Coach Rob | June 18, 2008 at 07:54 am
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Computer chip maker Intel Corp. announced today that it would make a $50 million investment in solar energy through its Intel Capital division, forming a new company. The new venture, SpectraWatt Inc. will manufacture solar cells for distribution to solar panel manufacturers. Other investors in the company include Cogentrix Energy (a Goldman Sachs subsidiary), PCG Clean Energy and Technology Fund, and the German firm Solon.
According to CNET the company will begin construction of a new facility in Oregon sometime later this year and plans to begin shipments of solar cells by the middle of 2009.
Intel executive vice president Arvind Sodhani: “SpecraWatt is a great example of technology resulting from entrepreneurial efforts inside Intel. This is an important investment for Intel Capital in the growing cleantech sector...”
via :: CNET and the :: San Jose Business Journal
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at 13:31 on June 18th, 2008
When quoting from external sources, we encourage contributors to use our Highlight tool to excerpt portions of text for further discussion, rather than simply cutting and pasting entire articles verbatim. Your post would also benefit from the addition of your own comments and perspective, both to personalize it and to provide further context. Thanks for your attention!
I also think that further background and context might make for a more informative piece. You can always add more information to a post, by highlighting other related articles onto your piece. Here's our guide to our highlight tool. http://www.nowpublic.com/newsroom/tools/highlight/getting_started