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Nanosolar Ships Super Cheap Solar Panels: World Rejoices

Nanosolar Ships First Panels (Article from official press release for nanosolar-friends)
December 18, 2007

After five years of product development – including aggressively pipelined science, research and development, manufacturing process development, product testing, manufacturing engineering and tool development, and factory construction – we now have shipped first product and received our first check of product revenue.

We are grateful to everyone who supported us through all these years and the many occasions where there appeared to be mile-high concrete walls in our path; the unusual intensity and creativity of our team deserves all the credit for achieving this major milestone today.

Our product is defining in more ways I can enumerate here but includes:

- the world’s first printed thin-film solar cell in a commercial panel product;

- the world’s first thin-film solar cell with a low-cost back-contact capability;

- the world’s lowest-cost solar panel – which we believe will make us the first solar manufacturer capable of profitably selling solar panels at as little as $.99/Watt;

- the world’s highest-current thin-film solar panel – delivering five times the current of any other thin-film panel on the market today and thus simplifying system deployment;

- an intensely systems-optimized product with the lowest balance-of-system cost of any thin-film panel – due to innovations in design we have included.

Today we are announcing that we have begun shipping panels for freefield deployment in Eastern Germany and that the first Megawatt of our panels will go into a power plant installation there.

As far as the first three of our commercial panels are concerned:

Panel #1 will remain at Nanosolar for exhibit.

Panel #2 can be purchased by you in an auction on eBay starting today.

Panel #3 has been donated to the Tech Museum in San Jose.

[These are obviously not the first three we ever produced – we have produced loads for testing – but these are the first three of what we consider our commercial panels.]

Related Info: Nanosolar Shipping for Megawatt Municipal Power Plant

Nanosolar Shipping for Megawatt Municipal Power Plant
Plant Project Won in Partnership with Beck Energy; Introducing the Nanosolar Utility Panel™
SAN JOSE, California – December 18th, 2007 – Nanosolar Inc., a global leader in solar power innovation, and Beck Energy, a leading integrator of large-scale solar power systems, today announced that they have won a highly competitive public selection process for a solar power plant located on a former landfill owned by one of the largest waste management companies in Eastern Germany.

The project will employ the Nanosolar Utility Panel™ in combination with systems technology and services from Beck Energy. The initial size of the plant is 1MW, an amount sufficient to power approximately 400 homes. The Nanosolar Utility Panel™ is Nanosolar’s first product as part of its award-winning PowerSheet™ product line – recently named the Top Innovation of the Year 2007 by Popular Science Magazine – and the company’s solution for building solar power plants on free fields at the outskirts of towns and cities.

“This is the first time that a solar electricity cell and panel has been designed entirely and specifically for utility-scale power generation,” said Martin Roscheisen, CEO of Nanosolar. “It will set the standard for green power generation at utility scale.”

“The unique design and system economics of the Nanosolar Utility Panel™ are instrumental in enabling us to drive the cost efficiency of solar electricity systems,” said Bernhard Beck, CEO of Beck Energy GmbH. “Every town and city should have its own solar farm in the future.”

Solar-electric power plants have advantages over concentrating solar-thermal plants as well as coal-fired and other conventional plants in that they can be deployed in a much broader range of possible field locations, a much broader range of possible sizes, and with much shorter project planning and implementation cycles. They now can be very economical as well, giving municipal power producers and utilities a new option for generating and delivering cost-efficient green power.

Named Innovation of the Year
Popular Science magazine — which many of us read when we were little — just came out with its annual innovation awards.

Our solar electricity technology was named the top Innovation of the Year 2007. Ranked #1 overall, we even came out ahead of the Apple iPhone and many other great technologies (and companies with much larger marketing budgets too in particular).

It’s great to see our hard work — and greentech in general — recognized so enthusiastically! Now we have no choice but to actually make sure that there’s going to be a solar panel on every building in the future.