Evergreen Solar
Encyclopedia
Evergreen Solar, Inc. is a publicly-held U.S. company which specializes in solar energy. It trades on the NASDAQ
under the ticker symbol ESLRD.
Evergreen Solar was founded in 1994. It produces proprietary "String Ribbon
" solar cells for the photovoltaics industry. The company sells its products using distributors, systems integrators and other value-added resellers, who often add value through system design by incorporating its modules with electronics, structures and wiring systems.
Applications for Evergreen Solar’s products include on grid generation, in which supplemental electricity is provided to an electric utility grid, and off-grid generation for markets where access to conventional electric power is not economical or physically feasible. Its products are sold primarily in Europe and the United States.
, USA and in 2007 announced plans to expand production from 17MW to 100MW. In 2006 Evergreen, Q-Cells
and Renewable Energy Corporation (REC)
formed EverQ, a joint venture to open a factory in Thalheim, Germany which is currently expanding to 300MW by 2010. Evergreen's factory in Devens, MA opened in mid-2008. The first phase of the Devens facility is expected to be producing at a rate of 80 megawatts per year by early 2009. A second phase is scheduled to begin ramping in early 2009 and, once the rampup is completed, will also be producing at 80 megawatts per year. CEO Richard Feldt has said the company is eyeing expansion in Asia as well. CEO Michael El-Hillow is closing the factory at Devens, MA at the end of March, 2011, shifting production to China.
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
under the ticker symbol ESLRD.
Evergreen Solar was founded in 1994. It produces proprietary "String Ribbon
String ribbon
String Ribbon solar cells is proprietary technology developed by Evergreen Solar.-Technology description:String ribbon is a method of producing multi-crystalline silicon strips suitable for the photovoltaic industry....
" solar cells for the photovoltaics industry. The company sells its products using distributors, systems integrators and other value-added resellers, who often add value through system design by incorporating its modules with electronics, structures and wiring systems.
Applications for Evergreen Solar’s products include on grid generation, in which supplemental electricity is provided to an electric utility grid, and off-grid generation for markets where access to conventional electric power is not economical or physically feasible. Its products are sold primarily in Europe and the United States.
Company
Evergreen operates out of Marlborough, MassachusettsMarlborough, Massachusetts
Marlborough is a city in Middlesex County, Massachusetts, United States. The population was 38,499 at the 2010 census. Marlborough became a prosperous industrial town in the 19th century and made the transition to high technology industry in the late 20th century after the construction of the...
, USA and in 2007 announced plans to expand production from 17MW to 100MW. In 2006 Evergreen, Q-Cells
Q-Cells
Q-Cells is a manufacturer of photovoltaic cells, established in 1999. Its core business is the development, production and marketing of crystalline silicon photovoltaic cells....
and Renewable Energy Corporation (REC)
Renewable Energy Corporation
The Renewable Energy Corporation is a solar power company with headquarters in Norway. REC produces silicon materials for photovoltaics applications and multicrystalline wafers, as well as solar cells and modules...
formed EverQ, a joint venture to open a factory in Thalheim, Germany which is currently expanding to 300MW by 2010. Evergreen's factory in Devens, MA opened in mid-2008. The first phase of the Devens facility is expected to be producing at a rate of 80 megawatts per year by early 2009. A second phase is scheduled to begin ramping in early 2009 and, once the rampup is completed, will also be producing at 80 megawatts per year. CEO Richard Feldt has said the company is eyeing expansion in Asia as well. CEO Michael El-Hillow is closing the factory at Devens, MA at the end of March, 2011, shifting production to China.
Chapter 11 Reorganization
On August 15, 2011, the company filed for Chapter 11 reorganization. Under the reorganization, the company plans to sell its assets, including its technology String Ribbon.See also
- Green technology
- List of photovoltaics companies
- Photovoltaic array
- PhotovoltaicsPhotovoltaicsPhotovoltaics is a method of generating electrical power by converting solar radiation into direct current electricity using semiconductors that exhibit the photovoltaic effect. Photovoltaic power generation employs solar panels composed of a number of solar cells containing a photovoltaic material...
- Renewable energyRenewable energyRenewable energy is energy which comes from natural resources such as sunlight, wind, rain, tides, and geothermal heat, which are renewable . About 16% of global final energy consumption comes from renewables, with 10% coming from traditional biomass, which is mainly used for heating, and 3.4% from...
- Renewable Energy CorporationRenewable Energy CorporationThe Renewable Energy Corporation is a solar power company with headquarters in Norway. REC produces silicon materials for photovoltaics applications and multicrystalline wafers, as well as solar cells and modules...
- Solar powerSolar powerSolar energy, radiant light and heat from the sun, has been harnessed by humans since ancient times using a range of ever-evolving technologies. Solar radiation, along with secondary solar-powered resources such as wind and wave power, hydroelectricity and biomass, account for most of the available...
- Solar shingle
- Solar trackerSolar trackerA solar tracker is a generic term used to describe devices that orient various payloads toward the sun. Payloads can be photovoltaic panels, reflectors, lenses or other optical devices....
- String RibbonString ribbonString Ribbon solar cells is proprietary technology developed by Evergreen Solar.-Technology description:String ribbon is a method of producing multi-crystalline silicon strips suitable for the photovoltaic industry....