Plant Project Won in Partnership with Beck Energy ; Introducing the Nanosolar Utility Panel
SAN JOSE, California – December 18th, 2007 - Nanosolar Inc., a global leader in solar power innovation, and Beck Energy, a leading integrator of large-scale solar power systems, today announced that they have won a highly competitive public selection process for a solar power plant located on a former landfill owned by one of the largest waste management companies in Eastern Germany.
The project will employ the Nanosolar Utility Panel™ in combination with systems technology and services from Beck Energy. The initial size of the plant is 1MW, an amount sufficient to power approximately 400 homes. The Nanosolar Utility Panel™ is Nanosolar's first product as part of its award-winning PowerSheet™ product line – recently named the Top Innovation of the Year 2007 by Popular Science Magazine – and the company's solution for building solar power plants on free fields at the outskirts of towns and cities.
“This is the first time that a solar electricity cell and panel has been designed entirely and specifically for utility-scale power generation," said Martin Roscheisen, CEO of Nanosolar. "It will set the standard for green power generation at utility scale."
"The unique design and system economics of the Nanosolar Utility Panel™ are instrumental in enabling us to drive the cost efficiency of solar electricity systems," said Bernhard Beck, CEO of Beck Energy GmbH. “Every town and city should have its own solar farm in the future.”
Solar-electric power plants have advantages over concentrating solar-thermal plants as well as coal-fired and other conventional plants in that they can be deployed in a much broader range of possible field locations, a much broader range of possible sizes, and with much shorter project planning and implementation cycles. They now can be very economical as well, giving municipal power producers and utilities a new option for generating and delivering cost-efficient green power.
About Beck Energy
Beck Energy is a leading provider of turn-key multi-MW ground-based solar power plants. With a track record of having built some of Europe’s first and largest solar power plants, Beck Energy was the first major customer of First Solar (Nasdaq: FSLR) and introduced their product to the market in 2002. More information on Beck Energy is available on the Internet at www.beck-energy.de.
About Nanosolar
Nanosolar is a global leader in solar power innovation. With its proprietary nanoparticle ink and roll-printing technology, Nanosolar owns the processes and designs to produce the world's most cost-efficient solar cells and make them available in many versatile product forms. The company has manufacturing operations in Silicon Valley, California, and the Berlin capital region, Germany. More information on Nanosolar is available on the Internet at www.nanosolar.com.
