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September 6, 2008 11:35:40 PM CDT

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Intel Moves into Clean Tech With Solar Cell Spinoff

Posted Jun 17, 08 4:31 PM CDT in Business,  Technology 

(Newser) – Intel made a move into clean technology yesterday, creating a spinoff that will manufacture solar cells and pumping $50 million into it. SpectraWatt’s focus will be on improving solar-cell efficiency and cutting costs per watt, its CEO told CNet. IT companies are increasingly getting into the solar industry. Both IBM and HP recently began such endeavors.

"Almost every company in the electronics and semiconductor industry is going to try to figure out how to get into solar—it's going to be that big of an industry," one solar expert predicted. An Intel exec said the company is seeking clean technology opportunities. "This is an important investment for Intel Capital in the growing clean-tech sector,” he said.

Source CNET

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SpectraWatt expects to break ground on its first plant in about two months.   (spectrawatt.com)
In this April 14, 2008 file photo, an Intel sign is shown in front of Intel Corp. headquarters in Santa Clara, Calif.   (AP Photo/Paul Sakuma)
A South Korean woman sits next to Intel banner inside of electronic shop in Seoul, South Korea, Thursday, June 5, 2008.   (AP Photo)
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Intel  • IBM  • Hewlett Packard  • solar energy  • solar cells  • clean technology  • manufacturer


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