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General Electric Co. announced Thursday that it would spend $600 million to build the nation's biggest solar panel factory. It would build the same type of so-called thin film solar panels manufactured by First Solar Inc., the biggest producer of solar panels in the world.
GE also announced Thursday that testing by a government laboratory showed that its panels set an efficiency record for this type of thin film panel, made from the elements cadmium and tellurium.
Still, analysts say GE's size, manufacturing experience, and ability to invest heavily in technology and to finance projects is sure to eventually pressure First Solar and other solar makers.
"The big boys are entering the space and it doesn't bode well for the smaller players," Chew said.
First Solar shares dropped $2.35 to $148.25. GE shares slipped 30 cents to $20.24.
The company did not say where the factory would be built. Abate said it would eventually employ 400 people and be producing panels by 2013. The plant would have the capacity to build 400 megawatts worth of panels per year, enough to power about 80,000 homes. By comparison, First Solar will have 2,300 MW of capacity by the end of this year.
Your right I have been waiting for this system to come out it was at first going to be $499 and put out 400 watts but I guess that didn't work for them? here is the link www.jetsongreen.com... it would be easy to install you just plug it into and outlet. As for as GE I hope they can make some really good home systems to like the Clarian ones but way better or way cheaper. It's still good to see solar going into service at least it's a start.
Originally posted by Realtruth
Until each person possess private power source for their house, car and otherwise the big boys can set the price no matter where the energy comes from.
Green, coal, nuclear they all can be metered out and a price set.edit on 7-4-2011 by Realtruth because: (no reason given)
GE to build nation's largest solar power plant
Originally posted by XRaDiiX
GE payed no taxes to the U.S government Last year and now they are expanding into every energy capability known to man. Why don't we just elect them to president of the United corporations/(States). Hey they declared corporations as a person last year. Why not?
Hail GE and Obama our overlord chat your slogan just like 1984(Yes We Can ) The Bleet of the Obama sheeple.edit on 7-4-2011 by XRaDiiX because: (no reason given)edit on 7-4-2011 by XRaDiiX because: (no reason given)
The benefits of this type of solar installation are numerous. They are lightweight, flexible, easily deployed, portable, movable, can be hooked up to battery storage, they don’t require heavy or complicated mountings, and you certainly don’t need a permit to install one. Now if only they could develop a “plug and play” installation so individuals could do it themselves, these could easily be on the shelves of Walmart or Ikea and selling like hotcakes.
+ FTL Solar
Originally posted by neo96
fossil fuels are not dependent on either sun or wind not so good as its a finite source but you can use it anywhere in the world