17 SEP 2009

 

Equity Solar Formed to Finance Unique Solar Opportunity

 

New Company Will Commercialize An Emerging Solar Energy Technology

(San Francisco, California) Equity Solar, Inc., a company specifically established to commercialize a leading-edge solar photovoltaic (PV) technology, today announced its formation. The company has identified a groundbreaking technology that is implemented in the cell manufacturing process.

Solar PV has been growing rapidly for several years but is now on the verge of an explosion in demand as three factors combine to boost the market: the economics of solar electricity are becoming increasingly attractive as solar power costs decline and the price of fossil fuels increases; renewable energy is receiving substantial government support as a means of mitigating the impact of climate change; and energy security has become a critical issue as nations seek to make themselves less vulnerable to energy politics and volatile markets.

"The alignment of these three critical factors makes this a perfect time to invest in solar PV," stated Chester Aldridge, Chairman of Equity Solar. "With this in mind, Equity Solar was created to capitalize on an exciting new solar technology."

While growing at a rapid pace, solar electric energy still accounts for significantly less than 1% of primary global energy demand. However, this means that relatively small increases in market penetration by solar energy can lead to very rapid growth rates in the solar PV industry.

"We are pleased to announce that we have obtained the initial funding required to secure the rights to a leading-edge patented solar PV technology that we will announce shortly," said Mr. Aldridge.