The company’s technology falls in the ‘kerfless’ wafer category: Instead of sawing silicon ingots into wafers, a time-consuming and wasteful process, 1366’s technology forms wafers directly using molten silicon.
Unannounced layoffs with no pay or benefits have left more than 600 American workers in the U.S., 180 employees in Germany, and thousands in China unemployed and in the dark. A number of employees reached out to tell their story.
The US residential solar market and 15 state markets are at record highs, according to WoodMac’s ‘don’t call it a comeback’ Q3 report — driven by some new market forces. The research firm holds its 2019 total US solar forecast at 13 gigawatts.
Alta’s COO: “An agreement has been reached between Alta Devices and Hanergy to allow Alta to bring in outside investors to breathe new life into the company, and to get the thin film GaAs technology leader back on track.”
The good news is that the world’s largest fund manager, BlackRock, just closed $1 billion of a record $2.5 billion fund dedicated to solar, wind, and energy storage projects. The bad news is that the $2.5 billion fund is a tiny fraction of BlackRock’s $6.96 trillion balance sheet and small change compared to BlackRock’s $17.5 billion investment in coal.
Tesla was once the unquestioned leader in the residential rooftop market with a market share of around 33 percent, but today, the company is No. 3, and its market share during the first quarter was a little more than 6 percent.
The trade organization has an unambiguous take on solar commerce: “The U.S. solar market would be much better off without the tariffs.”
Alta Devices built and sold record-setting gallium-arsenide solar cells but its acquirer Hanergy ran out of patience and cash.
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