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MBPV acquires minority stake in Stion

Posted: 20 Nov 2006     Print Version  Bookmark and Share

Keywords:Moser Baer Photo Voltaic Ltd  MBPV  Stion Corp.  NStructures 

Moser Baer Photo Voltaic Ltd (MBPV) it has acquired a significant minority stake in Stion Corp., 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.

The third investment is part of Moser Baer's earlier announcement of Rs.77.38 crore ($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 Corp. is a pioneer in the cutting edge Nanostructure based PV technologies. The nanostructure particles are custom tuneable 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 optimising the existing advanced technology for nano-particles specifically for the generation of electricity from solar energy.

Ravi Khanna, CEO, Moser Baer Photovoltaic Limited 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."

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