And a solar photovoltaic enterprise to the dust: Twin Creeks already sell core assets

And a solar photovoltaic enterprise to dust. On the investment fund scratch TwinCreeksTechnologies, once promise will do the low cost produce used to constitute a silicon solar cell components,power inverter and now has to a mainstream solar factory developers sell their core assets.

The latest news: in the market introduction wafer production apparatus only more than half a year to risk fund scratch Twin Creeks Technologies have been sold its core intellectual property, assets, and equipment to GTAdvanced Technologies, low price to $10 million, GT already on Wednesday announced the acquisition.

For a established in 2008, the march this year will need to recapitalise $93 million for the ending is so bleak sadness, in TwinCreeks previously announced that it will launch a can put the silicon wafer cutting to 20 microns thick and thin factory equipment, everywhere or 200 microns thick silicon chips. Silicon chips are commonly used to manufacturing solar cell, the latter then assembled into solar panels.

Use the same amount of silicon produce more battery means capital equipment cost reduction, the cost is cents/tile or us dollars/tile to calculation. The successful this one called "Hyperion" machine put into use, it can be for longitudinal integrated company (at the same time production silicon, batteries and panels) reduce half manufacturing solar panels capital equipment expenditures, the TwinCreeks CEOSivaSivaram once pointed out that in March. He also told us that the use of Hyperion can help a large factory - those years production consumption to achieve more than 100 mw power plant - the production cost of the battery to 40 cents/tile.

TwinCreeks investors including Crosslink Capital, Benchmark Capital, Artis Capital Management and DAGVentures.

Many TwinCreeks is trying to find can use less silicon solar panel battery manufacturing many venture rookie and have certain qualifications of a member of the solar energy company. In the supply exceeds demand, the price of solar cells have also repeatedly diving, however want to against other resources such as coal or natural gas as input energy, the solar battery prices are down. The United States department of energy in order to 2020 years solar project basic construction cost down to $1 / tile, without government subsidies under the condition of the need to recapitalise had already started developing the next generation of technology. At present, the scale of the constructed for public application project cost is higher than the ideal $1 / tile several times the left and right sides, as for more smaller system such as those residents used in the roof, the cost is several times higher than.

Hyperion is TwinCreeks decision from a manufacturing solar cell and its assembly into solar panels company transformation into selling manufacture silicon crystal equipment company, provided the first technology.

However, headquarters in SAN jose TwinCreeks can obviously didn't have escaped the fire. GT claim they are in an internal subscription from TwinCreeks creditors that bought Hyperion technology and some patent product. GT plan tomorrow a conference call, to discuss the purchase. GT also said they spent $10 million to buy the TwinCreeks assets, and will pay more money to obtain the relevant technology of copyright, of course, depends on how much TwinCreeks technology can bring many benefits GT. GT program in the end of 2014 the TwinCreeks technology to the market.

GT also buy the TwinCreeks in Davers, Mass of office space, and TwinCreeks some former employee will work for GT to commercial Hyperion technology, the above is Sivaram in mail tell us.

In the past two years, the solar energy production manufacture industry bear the huge profits in loss, which originates from the solar cell and panels have far supply exceeds demand. The world numerous for bankruptcy, or be bargain purchase. For those who try to step out of the lab products into commercial products this year, but in the fierce competition for capital backing not strong enough and suffered by the enterprise, these things to their influence is and its far-reaching. Two months ago, Hanergy announced that will be $30 million purchase price MiaSole, a silicon valley is located in the thin film solar producers.