Nanosolar manufactures printable solar cells and panels. This privately held company deals with solar power technology. The company was established in 2002 and has headquarters at San Jose, California, US. The company was founded by Martin Roscheisen and Brian Sager. The company has cell manufacturing facility in San Jose, California and panel assembly factory near Berlin, Germany (Europe).
The company is a member of PV Cycle, the European organization committed to responsibly recycle solar panels. Nanosolar had approximately 250 employees as of March 2009. Net income in 2009 quarter 1 was USD 268.26 million and net sales were USD 681.57 million.
Business Line, Product And Service Offerings
The company prints solar cells and assembles panels for producing solar electricity. As of 2009, the company develops two products: Nanosolar SolarPly Foil and Nanosolar Utility Panels.
According to the company, the panels are 180-240 watts of power and certified as first 1500V panels. The products meets the requirements set by IEC 61646 and 61730, UL 1703 and TUV Safety Class ll, Application Class A, for solar Panels as certified by TUV Rheinland and CSA.
Exhibit: Production Process
The European power generators are key customers for the company. The major customers are Beck Energy, EDF and AES Solar.
Though the company focused on the utility market, it planned to offer residential and commercial products also by 2011. The company had signed contracts with system integrators in Europe to install projects by 2015. The company also plans to supply products and services beyond Europe and U.S, such as Japan, China and India.
Nanosolar is partners with Independent Power Producers (IPP) and Engineering, Procurement and Construction (EPC) firms. Few of the partners are Belectric (Kolitzheim, Germany), EDF Energies Nouvelles (Paris, France) and Plain Energy (Munich, Germany). The company is also partners with Beck Energy as of December 2007. The company also works closely with the solar power labs and technical advisers. Few of them are: TUV (Berlin), ZSW, B=W Engineering, Fraunhofer IESE and Fichtner Black & Veatch.
The prime investors are Energies Nouvelles, enXco, Plain Energy, Belectric, EDF and AES Solar. These investors are also customers of the company.
- Geoff Tate- CEO
- John McAdoo- CFO
- Becky Baybrook- Vice President, Human Resources
- Eugenia Corrales- Executive Vice President, Engineering & Operations
- The company announced its long term supply agreements with Belectric, EDF Energies Nouvelles and Plain Energy as on April 28, 2011
- The company announced new efficiency of 11.6% for the Nanosolar Utility Panel and 13.9% for CIGS solar cells on April 6, 2011
United States (Headqurters & Factory)
5521 Hellyer Avenue
San Jose, CA 95138
6300 Zug Switzerland