Applied Materials Acquires All Advent Solar Assets
Applied Materials has acquired all of Advent Solar's assets and IP, expecting to enhance its presence in the c-Si PV equipment market.
Alexander Braun, Senior Editor -- PV Society, 11/6/2009
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Advent Solar's manufacturing line. (Source: Advent Solar) |
Applied Materials Inc. (Santa Clara, Calif.) has acquired substantially all the assets, including the intellectual property, of Advent Solar Inc. (Albuquerque, N.M.), for an undisclosed cash amount. Advent Solar develops advanced technology for crystalline silicon (c-Si) photovoltaics. Applied expects this acquisition to complement its portfolio of solar PV technologies and enhance its position in the c-Si equipment market.
Advent Solar has pioneered several innovations for producing c-Si cells and modules, including technology for streamlining module assembly processes and advanced efficiency device architectures. After the close of the transaction, Advent Solar's assets will be integrated with Applied's Energy and Environmental Solutions Group.
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