Chris
04-14-2009, 04:13 PM
Abound Solar had the grand opening of their new factory in Longmont. They claim that they'll be able to achieve under $1 per watt cost in several months. The grand opening of the new plant was today and included speakers Robert F. Kennedy Jr. and Hermann Scheer. The company is being closely watched by Wall Street with many prognosticators expecting the IPO to be released within the year. This is obviously a step in the right direction for more affordable solar power, thoughts? Is there anybody working with a solar company out there that are looking into or will be picking up these panels? Let us know your thoughts. Here is the article about stock potential.
This is one company to watch for, and private solar company Abound could IPO within the next year or so. First Solar (NASDAQ:FSLR) said in February that it had reduced its manufacturing costs to 98 cents a watt. Colorado-based Abound Solar, will be producing at that level within three months, slashing costs further as production increases. Abound -- "We have a manufacturing process that is about as continuous as making beer cans, and therefore makes us the lowest cost manufacturer of photovoltaic modules."
More about Abound from Reuters -- LOS ANGELES, April 14 (Reuters) - Abound Solar, a U.S. solar startup whose top rival is low-cost industry leader First Solar Inc (FSLR.O), starts production at its first factory on Tuesday, promising that it will lead the way to making solar competitive with power from dirtier sources.
Abound, a private company that was known as AVA Solar until last month, will make cadmium telluride solar panels at its first full-scale plant in Longmont, Colorado, where it will eventually produce 200 megawatts of solar modules annually.
Using cadmium telluride as its key raw material puts Abound in direct competition with First Solar, the Wall Street darling whose low-cost technology has been snapping up solar power deals with U.S. utilities including Sempra Energy (SRE.N) and Edison International (EIX.N).
This is one company to watch for, and private solar company Abound could IPO within the next year or so. First Solar (NASDAQ:FSLR) said in February that it had reduced its manufacturing costs to 98 cents a watt. Colorado-based Abound Solar, will be producing at that level within three months, slashing costs further as production increases. Abound -- "We have a manufacturing process that is about as continuous as making beer cans, and therefore makes us the lowest cost manufacturer of photovoltaic modules."
More about Abound from Reuters -- LOS ANGELES, April 14 (Reuters) - Abound Solar, a U.S. solar startup whose top rival is low-cost industry leader First Solar Inc (FSLR.O), starts production at its first factory on Tuesday, promising that it will lead the way to making solar competitive with power from dirtier sources.
Abound, a private company that was known as AVA Solar until last month, will make cadmium telluride solar panels at its first full-scale plant in Longmont, Colorado, where it will eventually produce 200 megawatts of solar modules annually.
Using cadmium telluride as its key raw material puts Abound in direct competition with First Solar, the Wall Street darling whose low-cost technology has been snapping up solar power deals with U.S. utilities including Sempra Energy (SRE.N) and Edison International (EIX.N).