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V3.co.uk
  • Components

Intel spins off SpectraWatt division

Solar power unit attracts major investors

  • Andrew Charlesworth
  • 17 June 2008
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The Sun
Intel's SpectraWatt will develop photo-voltaic cells for solar panels

Intel has spun off its SpectraWatt photo-voltaic division which develops and manufactures the building blocks of solar-energy systems.

SpectraWatt will develop photo-voltaic cells for companies that make solar panels which convert sunlight into electricity.

The new organisation's cell fabrication plant will be built in Oregon and expects to begin supplying the market by mid-2009.

Research and development will concentrate on making the cells and their manufacturing process more efficient.

This is the same model on which Intel's processor business has operated for four decades, in that the advances in fabrication processes are as important as the design of the chips themselves.

SpectraWatt is starting life with $50m in the coffers from an impressive line-up of financial backers, including Intel Capital, the chip-maker's venture arm.

Other investors include Cogentrix Energy LLC, the power generation subsidiary of investment bank Goldman Sachs, private equity group PGC Clean Energy Technology Fund and German solar systems supplier Solon AG.

Generous government investment in Germany has made the country a world leader in solar energy. German companies are increasingly attracting interest from global venture funds.

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V3 Latest

First plant to grow on the Moon, err, dies
First plant to grow on the Moon, err, dies

Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night

  • Communications
  • 18 January 2019
Fortnite news and updates: Fortnite made $2.4bn in 2018, according to SuperData
Fortnite news and updates: Fortnite made $2.4bn in 2018, according to SuperData

Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018

  • Software
  • 18 January 2019
Japanese firm sends micro-satellites into space to deliver artificial meteor showers on demand
Japanese firm sends micro-satellites into space to deliver artificial meteor showers on demand

Meteor showers as a service will be visible for about 100 kilometres in all directions

  • Communications
  • 18 January 2019
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data

New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago

  • Communications
  • 18 January 2019
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