GE just announced that it is readying a new solar thin-film panel, system, and inverter product with a goal to provide the lowest cost of electricity in the market. The multinational corporation is backing a cadmium telluride (CdTe) thin-film product and recently topped 15% efficiencies on commercial glass, according to a press release.
Working in collaboration with PrimeStar Solar, Inc., GE expects to make thin-film panels commercially available sometime in 2011. These panels will be built on a 30-MW manufacturing line in Arvada, Colorado.
Importantly, GE will use its big company resources to make solar approachable. â€œWith continued advancement, we know we can further reduce total installed system costs, making solar more accessible to consumers worldwide,â€ said Danielle Merfeld, GE solar researcher and development leader.