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Solex Energy signs MoU with ISC Konstanz for solar cell production
Yahoo Finance· 2025-10-30 11:09
Core Insights - Solex Energy has signed a memorandum of understanding (MoU) with ISC Konstanz for advanced R&D and collaboration in solar cell manufacturing technology [1] - The partnership aims to enhance Solex's TOPCon cell line and integrate advanced solar technologies, with a focus on innovation in India [1][2] - Solex Energy plans to invest $1.5 billion over the next five years to expand manufacturing capacity, particularly targeting the US market, which accounts for 90% of India's solar module exports [2] Company Strategy - Solex Energy's Vision 2030 includes transforming India into a solar innovation hub with a targeted valuation of ₹1 lakh crore and a skilled workforce of 25,000 [3] - The company aims to establish 10GW of solar module and 10GW of solar cell manufacturing capacity as part of its long-term strategy [4] Product Development - Solex introduced India's first solar module powered by rectangular cells and the TAPI Rear Contact module, which boasts an efficiency of up to 24.60% and a power output of 665W [4][5] - Commercial production of the TAPI Rear Contact module is expected to begin by the financial year 2027 [5] Future Vision - The collaboration with ISC Konstanz is seen as a step towards building a future of clean, affordable energy, empowering communities globally [6]
Sono Group N.V. and Merlin Solar Technologies Announce Partnership to Expand Global Solar Solutions
Globenewswire· 2025-03-24 10:00
Core Viewpoint - The partnership between Sono Group and Merlin Solar Technologies aims to enhance global market presence and product offerings by integrating their complementary solar technologies [1][2][3] Group 1: Partnership Details - Sono Group will incorporate Merlin's solar panels into its product portfolio in Europe, while Merlin will include Sono's solar charge controllers in its Mobile Power Solutions across North and South America [1][2] - The collaboration is expected to create significant synergies by combining Sono's integrated solar technology solutions with Merlin's high-efficiency solar panels [2][3] Group 2: Strategic Goals - The partnership is designed to accelerate the adoption of clean and efficient solar technologies, aligning with both companies' missions to promote sustainable energy solutions [3] - By merging their strengths, the companies aim to provide customers with greater choice, efficiency, and reliability in solar solutions [3] Group 3: Company Backgrounds - Sono Group N.V. focuses on integrating solar technology into commercial vehicles to reduce CO2 emissions and promote climate-friendly mobility [4] - Merlin Solar Technologies specializes in next-generation solar panel design and manufacturing, emphasizing durability and high efficiency for various applications [5]