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China Nuvo Solar acquires more IP from Photovoltaics

China Nuvo Solar acquires more IP from Photovoltaics

Solar Energy

Thursday, 02 July 2009 16:53

West Palm Beach, Fla.-based China Nuvo Solar Energy (OTC:CNUV), with locations in the province of Sichuan, China and Centennial, Colo., said it has acquired new photovoltaic intellectual property. The company gobbled up six patents from Photovoltaics Inc. for a variety of solar technologies and innovations.

China Nuvo is an early-stage company developing a commercially viable, higher efficiency stacked photovoltaic solar cell. The newly acquired IP is for enhancements of existing technologies that range from increases in output and efficiency to the use of lower cost newly discovered photovoltaic materials and processes, the company said.

The company thinks the technologies could, when commercialized, reduce the cost per kilowatt hour of solar energy, allowing it to be more competitive with other energy sources. China Nuvo said it's finalizing utility patents for those it acquired from Photovoltaics that are currently provisional. China Nuvo wasn't yet ready to announce how the newly acquired technologies fit into the company's business model, adding that details would be announced once they were fully developed.

China Nuvo acquired exclusive, worldwide licensing rights to additional solar cell technology from Photovoltaics in 2006, purchasing the technology 2008. The technology includes multi-layer photovoltaic cells incorporating integral light-transmitting materials that act as wave guides in directing light to targeted areas, according to the company.

To minimize startup costs of solar cell manufacturing, China Nuvo has an agreement with Pioneer Materials to establish a pilot production line by building out and modifying Pioneer's existing manufacturing facility in the Sichuan province. Pioneer supplies advanced materials for thin-film photovoltaic processing (see China thin film industry needs industrial lift).

Earlier this year, Jiashan, China-based solar wafer maker ReneSola (NYSE:SOL) secured a loan of RMB 800 million ($117 million) to build its polysilicon plant in Sichuan province, China (see ReneSola secures $117M loan for polysilicon plant).

Source: cleantech.com

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