January 16, 2007

Niskayuna, NY, USA: GE Demonstrates Scalable Low Cost, Nano-based Solar Cell

GE Global Research, the centralized research organization of the General Electric Company said today that scientists on their Nano Photovoltaics (PV) team have demonstrated a scalable silicon nanowire-based solar cell, which has the potential to achieve up to 18% efficiency and be produced at a dramatically lower cost than conventional solar cells. GE says this demonstration represents a promising development in the effort to make PV systems more economically viable for consumers.

The research effort by Dr. Tsakalakos and the Nano PV team, which included Joleyn Balch, Jody Fronheiser, and Dr. Bas Korevaar from GE Global Research, as well as Dr. Oleg Sulima and Dr. Jim Rand from GE Energy-Solar Technologies, represents some of the farthest reaching activities of GE’s comprehensive solar research program. GE has an ongoing collaboration with the U.S. Department of Energy (DOE) as part of the agency’s Solar America Initiative that is focused on more near-term low-cost PV solutions.

GE is managing a three-year, $46.7 million project that is looking across the entire value chain to make solar energy more cost effective and more readily available in the marketplace. The program is evaluating three different technologies for the solar cell: high efficiency silicon-based cells, molded silicon wafers, and flexible thin films. DOE’s Solar America Initiative is designed to make solar energy cost-competitive with conventional forms of electricity by 2015.

“GE’s demonstration of the silicon nanowire-based cell represents a significant breakthrough in our efforts to enable higher efficiency cells that can be produced at much lower production costs,” said Dr. Loucas Tsakalakos, Project Leader of GE’s Nano PV team. “Today, higher efficiency often comes with a higher price tag. Through the unique processing and materials property benefits enabled by nanotechnology, we’re aiming to break that paradigm and pave the way to making solar power more affordable for consumers while maintaining and even improving cell performance.”

Increasing the affordability and availability of solar power is a key part of GE’s ecomagination initiative. Ecomagination represents the company’s commitment to develop cleaner technology and product solutions to address the world’s toughest environmental and energy challenges. GE has committed to more than doubling its level of investment in environmentally friendly technologies like solar from $700 million to $1.5 billion by the year 2010. GE is well on track to meet its commitment, surpassing the $1 billion mark in R+D spending this year.

GE Energy markets and sells solar electric power systems for residential, commercial and industrial applications. GE’s Global Research Center is actively engaged in developing cutting-edge technologies that will advance the Company’s product portfolio.

Further details about: GE Global Research