Nanosolar Produces Their First Commercially Available Solar Panels

After five years of product development – including aggressively pipelined science, research and development, manufacturing process development, product testing, manufacturing engineering and tool development, and factory construction – Nanosolar now have shipped first product and received their first check of product revenue.

The ground breaking product includes:

• the world’s first printed thin-film solar cell in a commercial panel product;
• the world’s first thin-film solar cell with a low-cost back-contact capability;
• the world’s lowest-cost solar panel – which we believe will make us the first solar manufacturer capable of profitably selling solar panels at as little as $.99/Watt;
• the world’s highest-current thin-film solar panel – delivering five times the current of any other thin-film panel on the market today and thus simplifying system deployment;
• an intensely systems-optimized product with the lowest balance-of-system cost of any thin-film panel – due to innovations in design we have included.

Today we are announcing that we have begun shipping panels for freefield deployment in Eastern Germany and that the first Megawatt of our panels will go into a power plant installation there. As far as the first three of our commercial panels are concerned:

• Panel #1 will remain at Nanosolar for exhibit.
• Panel #2 can be purchased by you in an auction on eBay starting today.
• Panel #3 has been donated to the Tech Museum in San Jose.