Wednesday, September 19, 2007

Primestar Solar Gets Investment From GE Energy

GE Energy, a supplier of power generation and energy delivery technologies, announced today that it has agreed to acquire a minority equity interest in PrimeStar Solar Inc., a thin-film solar technology and manufacturing company. The amount of GE's investment was not disclosed. GE said PrimeStar develops and commercializes thin-film photovoltaic modules, an emerging alternative energy source. Headquartered in Golden, Colo., PrimeStar was formed in June 2006 and has 31 employees, including a core management team with more than 100 years of thin-film equipment and process experience, GE noted. The Atlanta-based company added that it plans to annually invest up to $1.5 billion toward research of cleaner energy-producing technologies as part of its much-publicized "ecomagination" campaign. More information »