Intel spearheads SpectraWatt spin-off to create photovoltaic cells

Famed chip maker Intel is doing more than just buying up Renewable Energy Certificates like they're going out of style. It's cranking things up with a spin-off outfit that will soon be creating photovoltaic cells for solar module makers. Intel Capital is pouring some $50 million into SpectraWatt Inc., and it's being joined by Cogentrix Energy, PCG Clean Energy and Technology Fund and Solon AG. Aside from making that dough, the new company will also "concentrate development efforts on improvements in current manufacturing processes and capabilities to reduce the cost of photovoltaic energy generation," and if everything goes smoothly, it should break ground on its manufacturing and development facility in Oregon in 2H 2008 (with product shipping in mid-2009).

[Jayden @ Jun 17th 2008 12:37AM]

haha yeah i think he works at most of the technical support call centers..

[Stem $ell @ Jun 17th 2008 12:45AM]

Intell pep talk to new acquirees: "Watts up, Spock!"

[JohnnyGTO @ Jun 25th 2008 12:54PM]

Kinda funny making solar cells in the rainy North West. Must be those high efficiency jobs that use liquid sunshine.