Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Moser Baer Photo Voltaic invests in Stion Corporation, a breakthrough innovator of nanotechnology for solar photovoltaic industry

Posted On: 2006-11-16 02:35:36

Moser Baer India Ltd has informed that Moser Baer Photo Voltaic Ltd (MBPV), a wholly owned subsidiary of the Company, on November 15, 2006 announced that it has acquired a significant minority stake in Stion Corporation, a nanostructures technology Company based in California, formerly known as NStructures.

This investment follows the strategic equity participation in another two solar concentrator technology Company, Solaria and Solfocus, announced a couple of weeks back.

According to Ratul Puri, Executive Director, of the Company "This is yet another landmark in our quest to partner actively in the development of next generation technologies in the PV space."

The third investment is also part of the Company's earlier announcement of USD 17 million into MBPV for investing into emerging solar cell technologies. MBPV is moving towards the technological leadership in this high growth industry and developing a sustainable competitive edge by investing into disruptive technologies like Concentrator Photovoltaic (CPV), Nano technology, etc that is forcing the restructuring of the dominant solar technologies with a potential to compete with existing PV and conventional energy technologies.

Stion Corporation is a pioneer in the cutting edge Nanostructure based PV technologies. The nanostructure particles are custom tunable using several substrate materials to create multiple junction materials capable of absorbing nearly the entire solar light spectrum. This would result in very high efficiency solar cells at a low cost. The technology involves Leveraging and optimizing the existing advanced technology for nano-particles specifically for the generation of electricity from solar energy.

Ravi Khanna, CEO, Moser Baer Photovoltaic Ltd said, "This is in line with out strategy to reduce the cost of solar power generation significantly by straddling multiple future technologies and emerge as an engineering & technology driven Company. We are decisively responding to the rapidly expanding solar PV market, where worldwide demand far outstrips supply."

The global photovoltaic market is on a high growth curve - sales expected to grow over 6x to USD 40 billion by 2010. This demand is also highly price elastic. A lowering of PV electricity costs to conventional Levels could exponentially expand this market as PV starts to penetrate into base load demand of electricity.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Sandur Manganese and Iron Ores Ltd receives 5 Star Rating for its mines
Binani Industries Ltd clarifies on media reports on fraud
ISL Consulting Ltd appoints CFO
Sibar Autoparts Ltd calls for Board Meeting on Mar 28, 2018
OIL's to participate in Assam Petro-Chemicals Limited's projects
Pricol Limited receives ARAI Certificate for Telematics Devices
PC Jeweller Ltd to open 2 new showrooms at Aurangabad, Hardoi
Sun Pharma Announces U.S. FDA Approval of ILUMYA™
Gulf Oil Lubricants India Ltd signs all-rounder Hardik Pandya as its Brand Ambassador
GE Power India receives contract worth Rs. 230 crores
Jindal Drilling & Industries Ltd settles arbitration
ICRA reaffirms ratings of KDDL Ltd
CRISIL upgrades ratings of Amber Enterprises India Ltd
SAT Industries Ltd calls for Board Meeting on Mar 29, 2018
SMERA Ratings assigns credit rating to Future Market Networks Ltd
AXIS Bank clarifies on Bank Guarantee issue for Telecom Companies
City Union Bank opens 4 new branches on March 21, 2018
Indian Metals & Ferro Alloys Ltd Board declares Interim Dividend of Rs. 5
GRUH Finance Ltd to announce Q4 results on Apr 14, 2018
Sanmit Infra Limited to enters into MOU
ISGEC Heavy Engineering Ltd Board declares Interim Dividend of Rs. 16
Sarup Industries Ltd relaunches Lotus Bawa Leather Shoes
Bank of India allowed termination of Yangon Representative Office
AXIS Bank Ltd to consider Q4 results on Apr 26, 2018
ITC Ltd announces resignation of Mr. Zafir Alam
Vinod Kumar appointed as new CEO of Subex Limited
WABCO India Ltd to cosider quarterly results on May 17, 2018
Gujarat Industris Power Company Ltd issues LOI to BHEL
Nitesh Estates Ltd appoints Mr. Mahesh Bhupathi as Independent Director
Shelter Infra Projects Ltd announces resignation of Director
CARE reviews ratings of Asahi Songwon Colors Ltd
BHEL signs Technology Collaboration Agreement with HLB Power, Republic of Korea
3i Infotech Ltd prepays Rs. 39 crore debt
TRF Ltd arm to sell stake in York Transport Equipmetn Asia Pte ltd
Datamatics Global Services Ltd declares interim dividend of Rs. 0.5
BLS International Services Ltd forms subsidiary
Goa Carbon Ltd to consider Q4 results, final dividend on Apr 11, 2018
MOIL Limited appoints Government Nominee Director
Adient and Arvind launch joint venture to manufacture and sell automotive fabrics in India
Domino's introduces 'Everyday Value' at Rs.99 for small group sizes
Nucleus Software launches latest version of Transaction Banking Solution
Sadbhav Infrastructure Project Ltd receives LOA from NHAI
Steel Strips Wheels receives 7,000 Wheel Order From UK Aftermarket
Greaves Cotton Limited launched reskilling program DEEP to give back to society
Suzlon designs and produces India's longest wind turbine blade of 63 meters
Ashok Leyland bags orders for 2100 Buses from The Institute of Road Transport, Tamil Nadu
Parag Milk Foods targets mass market with "Go Cheese Cubes"
InsurTech Start-up Insurer Selects Majesco Policy for P&C and Majesco Billing on Majesco CloudInsurer Platform
US FDA Inspection at Alembic Pharmaceuticals Formulation Facility At Panelav
ICICI Bank raises Rs. 40 billion

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018