Hydro Makes Investment in Ascent Solar
March 14, 2007
Source: Ascent Solar /press release
http://www.ascentsolar.com/view.php?tg=press&id=19
Hydro has entered into an agreement to invest USD 9.2 million in the American solar energy company Ascent Solar Technologies, Inc., which has developed a super thin and flexible solar cell technology. The investment gives Hydro a 23 per cent ownership interest in Ascent Solar. “Ascent Solar’s flexible thin film is very exciting. Not only due to the low weight that makes the solar cells easy to transport, install and maintain, but also because flexible solar cells have a large number of potential applications in the future”, says Jørgen C. Arentz Rostrup, who heads the market activities in Hydro’s Oil & Energy business area.
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