Evergreen Solar Marks Milestone in Growth

Marking another milestone in Evergreen Solar’s growth, the solar photovoltaic (PV) manufacturer has just shipped its 50,000th solar module incorporating their patented String Ribbon technology.

Marlboro, Massachusetts, January 16, 2004 [SolarAccess.com] “This shipment marks another milestone in Evergreen Solar’s continued growth and innovation,” said Richard M. Feldt, President and Chief Executive Officer of Evergreen Solar. “From its beginnings, the Company has been notable for its ability to deliver using a new, efficient manufacturing process. Our current expansion plans will enable Evergreen to quadruple manufacturing capacity over the next 12 to 18 months.” Last month, Mr. Feldt was appointed President and Chief Executive Officer by Evergreen Solar’s Board of Directors. He said that he joined the company, in part, because of its proven ability to scale up technical innovations from the laboratory to the factory floor. Evergreen solar said the solar photovoltaic market it growing rapidly. “The solar industry has seen an annual growth rate of 30 percent over the last 5 years, and experts have projected continued strong growth,” said Mark Farber, Vice President of Marketing & Business Development. “The public’s increased interest in renewable energy, especially after events such as last summer’s blackout and questions about the reliability of our aging power grid, makes solar electricity an attractive alternative: it’s here, now, and uses a clean, readily available source of power. We believe that solar electricity will be in more widespread use in the coming years.” Evergreen’s proprietary and patented String Ribbon technique produces a flat crystalline silicon substrate directly from molten silicon and avoids the waste and cost of slicing solid blocks of silicon. The process is continuous and requires fewer and simpler steps than conventional bulk silicon methods. String Ribbon is one of the most energy-efficient and environmentally friendly crystalline silicon processes in the industry. The Cedar Line of solar panels is certified to the UL, IEEE, IEC, CE, and TUV international quality and safety standards.
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