NanoGram Corporation Receives Award From US Department of Energy Recognizing Photovoltaic Technology Innovation

NanoGram Corporation, a leading developer and licensor of core advanced materials process technology, tools and solutions for optical, electronic and energy applications, today announced that it has been awarded an Energy Innovator Award from the US Department of Energy's Office of Energy Efficiency and Renewable Energy.

The award recognizes businesses, individuals and governmental agencies that have successfully developed or deployed energy efficiency and/or renewable energy technologies, services or policies.

"We are happy to recognize NanoGram's work with the Energy Innovator Award," said Paul Dickerson, chief operating officer at the Department of Energy's Office of Energy Efficiency and Renewable Energy. "Moving energy innovations from the lab to the market is a key way to increase our energy security and mitigate climate change."

NanoGram is developing a breakthrough crystalline silicon-based solar module manufacturing process that dramatically reduces module cost to the level of thin film photovoltaics while delivering high efficiency. The process leverages NanoGram's proprietary laser reactive deposition (LRD(tm)) technique, which drives down PV module costs by reducing silicon consumption to less than 25 percent compared to typical wafer-based approaches. Significant cost reductions generated using this approach are expected to bring module costs well below $1.00/Wp when high volume manufacturing production levels are reached in 2012.

An R&D pilot plant is currently under construction at NanoGram's headquarter facilities in Milpitas, CA, and is expected to generate approximately 25 new high-tech jobs.

"I congratulate NanoGram on receiving the Department of Energy's Energy Innovator Award," stated US Congressman Mike Honda (D-CA). "I have long been a supporter of solar energy, and NanoGram's work on photovoltaic technology will help to expand the use of solar energy in the United States. The company's approach addresses both the supply and demand issues that face solar energy -- their technology will increase the manufacturing throughput of factories, increasing supply, and it will decrease the cost to make panels, thus making solar more attractive to a greater number of consumers. Work like this is essential to bringing solar energy into widespread use, and I am proud that it is being done in Silicon Valley, in California's 15th Congressional District."

"On behalf of NanoGram, I would like to thank the Department of Energy for this award and Congressman Mike Honda for his leadership on renewable energy issues," said NanoGram President and CEO Dr. Kieran Drain. "Working together, the private sector and the government can provide our nation with affordable home-grown renewable energy."

NanoGram's photovoltaic innovations are part of the company's growing intellectual property assets for Cleantech applications that include solar, flat panel and flexible displays, solid state lighting, lithium-ion batteries, and printed electronics.

Source: nanogram.com Jun. 10, 2008

Survey: Majority Of Americans Expressed Support For The Development Of Solar Energy

June 10, 2008 (Washington, D.C.) – A vast majority of Americans, across all political parties, overwhelmingly support development and funding of solar energy. Ninety-one percent of Republicans, 97 percent of Democrats and 98 percent of Independents agree that developing solar power is vital to the United States.

These and other findings were reported today in the SCHOTT Solar BarometerTM, a nationally representative survey conducted by the independent polling firm, Kelton Research.

The survey revealed that 77 percent of Americans feel that the development of solar power, and other renewable energy sources, should be a major priority of the federal government. Independent voters felt strongest about this, compared to voters in other political parties, with 86 percent of Independents supporting the statement.

When asked which one energy source they would support if they were President, 41 percent of Americans picked solar. Solar and wind together were favored nearly 20 times more than coal (3 percent).

“These results are an undeniable signal to our elected leaders that Americans want job-creating solar power, now,” said Rhone Resch, President of the Solar Energy Industries Association (SEIA).

According to the survey, nearly three-quarters of Republicans (72 percent), Democrats (72 percent) and Independents (74 percent) favor an extension of the federal investment tax credits (ITC) as a way to encourage development of solar power and fund continued development of the technology. In contrast, only 8 percent of Americans believe the ITC should not be extended.

Current federal legislation, which provides incentives to spur the growth of renewable energy, is set to expire at the end of the year. Experts predict that without long-term renewal of the legislation, the solar energy industry will struggle to maintain its momentum. According to independent analysis by Navigant Consulting, this would translate into the loss of 39,000 jobs, as well as the loss of nearly $8 billion in investments. When wind is included, 116,000 jobs and $19 billion in investment are at risk, according to the report.

“Solar development means job growth for Americans, by Americans, in an industry that will benefit America.” said Dr. Gerald Fine, President & CEO of SCHOTT North America. “Rather than rely on foreign sources for fuel, the U.S. can aspire to become the world’s leader in clean energy.”

Extension of the tax credits continues to be in doubt as the House, Senate and Administration debate differing plans. In May, the House Ways and Means Committee cleared H.R. 6049, which would extend the solar investment tax credit for six years. According to SEIA, this legislation would secure America's clean-energy future by closing an income tax loophole enjoyed by hedge-fund managers on their off-shore accounts.

“The U.S. Senate has an opportunity to act decisively by passing the Renewable Energy & Job Creation Act of 2008 (H.R. 6049) this month. This is smart policy that will help solar become a powerful economic engine for the country, stabilize energy prices for consumers and businesses and improve America’s national energy security. A vote against this bill is a vote against what the vast majority of Americans are demanding,” said Mr. Resch.

“When you consider that, according to the American Solar Energy Society, nearly 7,000 gigawatts (GW) of solar generation capacity exists in the American Southwest, America is truly a sleeping giant,” said Dr. Fine. “Americans want to wake this giant up.”

Source: us.schott.com Jun. 10, 2008

VC Optimistic About China Solar Energy And Other Clean Technologies

Following the clean technologies of information technology and telecommunications industry, will become China's third largest VC objectives. Deloitte has launched a survey showed that the area of clean technology in China Venture Capital and private equity hot areas. According to an authoritative institutions predict that this year's clean technology will attract 700 million U.S. dollars of VC, 2010 is expected to increase to 2 billion U.S. dollars.

In 2006, China's investment in clean technology projects is 12, with a value of 221.8 million U.S. dollars, in 2007 the first quarter of 2006 has reached the same period four times. At present, China's clean technology VC GDP of 0.016 percent, higher than in Europe.

Deloitte China's listed business group co-managing partner Zeng shunfu on foreign VC investment in China in the direction of a subtle change, IT industry access to the investment ratio is declining, and clean technology, high-tech areas such as services gradually be favoured. On the present situation, the VC of clean technologies more cautious, focused on solar energy, wind energy and other mature areas, like garbage disposal, waste recycling waste water and other development is not yet mature fields not of concern.

Source: 新民晚报 Jun. 8, 2008