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China's Hanergy Buys Alta Devices for Low-Light Energy

28/08/2014 by

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Hanergy, a Chinese manufacturer of thin-film solar panels, has acquired US-based Alta Devices, and its technology which converts record amounts of solar energy in low-light conditions.

Hanergy will use Alta's technology in several applications including emergency charging of mobile phones and in cars, the Chinese firm said in a statement.

The firms did not disclose the financial terms of the deal.

California-based Alta Devices' thin film solar technology has a conversion efficiency of 30.8%, the highest among solar energy technologies available in the world, according to the statement.

Alta Devices uses gallium arsenide (GaAs) so its dual and single-junction solar cells can produce record-breaking conversion efficiencies of 30.8% and 28.8% respectively, as certified by the US National Renewable Energy Laboratory (NREL).

The deal will help Hanergy take on US-based First Solar, the largest maker of thin-film panels by shipments.

Hanergy chief executive Li Hejun said in the statement: "Alta Devices' thin film solar technology allows more energy to be produced in lower light conditions than any other type of solar cell, giving it greater potential to power a wide range of mobile devices and equipment from phones to cars.

This article has been extracted from http://www.ibtimes.co.uk/, please click on this link to read the article in full http://www.ibtimes.co.uk/chinas-hanergy-buys-alta-devices-low-light-energy-1460962


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