GE Sees Solar-Panel Efficiency Topping 12.8% Record in 2013
May 23, 2011 9:30 AM ET
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GE Sees Solar-Panel Efficiency Topping 12.8% Record in 2013
General Electric Co. (GE), the largest supplier of wind turbines in the U.S., expects to exceed the 12.8 percent solar-efficiency record for thin-film modules when its first commercial-scale panel factory opens in 2013. Improving solar-panel efficiency, or the amount of sunlight converted to electricity, would help reduce costs to about 10 cents to 15 cents a kilowatt-hour without subsidies, making it more competitive with fossil fuels, according to Victor Abate, who oversees solar, wind and renewable energy at Fairfield, Connecticut-based GE.
To continue reading about the development of the new thin-film solar panels, click here.
About GEGE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
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