Corning Enters the Solar Industry $GLW
Greentech Media
The phenomenal growth rate and sheer potential size of the solarindustry has begun to attract industry behemoths such as Samsung,Siemens, Toshiba, Mitsubishi, LG, Honeywell, Hyundai, Honeywell, andGE.
Add Corning to that list.
It’s a sign of a maturing industry as well as a recognition thatthere’s money to be made in the solar sector that these global playersare maneuvering for position.
Corning (NYSE:GLW), the New York-based glass giant has been in business for 160 years and has built its share of blockbuster inventions including the machine to make the Edison light bulb and the machine that made the television picture tube.
Now Corning is bringing its expertise in glass and manufacturing scaleto to enhance solar modules. The firm helped enable the scale-up ofliquid crystal displays according to Dr. Dr. Gary Calabrese, VicePresident and Director of Corning’s Photovoltaics Group, adding, "We are trying to do the same thing for PV."
Calabrese claims that Corning’s glass can provide up to two percentage points of efficiency improvement.
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