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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


Montash is a multi-award winning, global technology recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

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