News Feed Item
Hanergy Completes Acquisition of Alta Devices
|By PR Newswire
|August 13, 2014 06:23 AM EDT
-- Plans to accelerate commercialization of the world's most efficient (30.8%) thin film solar technology
-- Acquisition has potential to change the way solar energy is used
BEIJING, Aug. 13, 2014 /PRNewswire/ -- Hanergy Holding Group Limited ("Hanergy", the "Company" or the "Group"), a multinational clean-energy power generator and the world's leading thin-film solar company, today announced that it has completed the acquisition of Alta Devices, whose thin film solar technology has a conversion efficiency of 30.8 percent, the highest among the solar energy technologies currently available in the world.
Chairman and CEO of Hanergy Li Hejun said, "Alta Devices' thin film solar technology allows more energy to be produced in lower light conditions than any other type of solar cell, giving it greater potential to power a wide range of mobile devices and equipment from phones to cars. It has the potential to change the way solar energy is used. This acquisition advances Hanergy's goal to become the world leader in the solar technology of the future."
Chris Norris, President and CEO of Alta Devices, said, "This successful acquisition is built upon Alta Devices' and Hanergy's shared belief that flexible, thin-film solar technology represents the future of the solar industry. The combination of our world-class solar cell R&D capability and Hanergy's technology, research and capital resources will help us further improve the performance of our technology, increase production capacity and expand applications."
Both companies' R&D teams will join forces to further develop Alta Devices' technology to serve the mobile and wearable tech market with reliable, high-efficiency solar-power solutions and applications. The acquisition will build on Hanergy's continuous efforts in recent years to enhance thin-film solar innovation, and improve the efficiency and applicability of clean energy through the integration of world-leading thin-film solar technologies.
In particular, Hanergy plans to actively expand the application of Alta Devices' products in various mobile power application areas, ranging from emergency charging of mobile phones, to the automotive sector and the Internet of Things.
Alta Devices' use of gallium arsenide (GaAs) allows its dual- and single-junction solar cells to produce record-breaking conversion efficiencies of 30.8 percent and 28.8 percent respectively, as certified by the U.S. National Renewable Energy Laboratory (NREL).
On a same surface area basis, its cells produce a power output two to three times higher than standard flexible thin-film cells, 8 percent higher than mass-produced monocrystalline silicon cells, and 10 percent higher than multicrystalline silicon cells.
Alta Devices' single-junction GaAs thin-film solar cells are already in production. Following the acquisition, Alta Devices will continue to operate independently as a wholly-owned subsidiary of Hanergy. Hanergy will also work with Alta Devices to develop international markets and enhance its cooperation with key strategic customers.
In recognition of its uniquely innovative combination of high technology and energy, in 2014 Hanergy was the only Chinese energy company named among the "World's Smartest Companies" by the MIT Technology Review, the world's longest-running technology industry publication. In 2012 and 2013, the same publication named Alta Devices among the "World's Most Disruptive Companies."
About Hanergy Holding Group
Hanergy Holding Group is a global clean-energy power generation company and the world's leading thin-film PV company and solutions provider. Founded in Beijing in 1994, the Company has operations across China, the Asia Pacific, North America, Europe and Africa. Hanergy is engaged in hydroelectric, wind and solar power generation.
About Alta Devices
Alta Devices holds world records for both cell and module conversion efficiency. It delivers the world's most efficient, thin and flexible mobile power technology. Converting light into electricity, Alta's technology extends the energy source of a system, and in many cases, completely cuts the traditional power cord. The solution can be completely integrated into the final system, and is ideal for use in consumer electronics, automotive, remote exploration, or anywhere size, weight, and mobility matter.
Wang Dan Ning
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics.
In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 24, 2016 09:45 PM EDT Reads: 1,584
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Sep. 24, 2016 09:30 PM EDT Reads: 3,317
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care.
I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind.
Don't just log my data; use the relationship graph.
In his session at @ThingsExpo, Ryan Boyd, Engi...
Sep. 24, 2016 09:15 PM EDT Reads: 1,188
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Sep. 24, 2016 09:00 PM EDT Reads: 1,404
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 24, 2016 08:30 PM EDT Reads: 1,432
The Internet of Things can drive efficiency for airlines and airports.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
The session will include a working demo and a technical d...
Sep. 24, 2016 08:00 PM EDT Reads: 1,641
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA.
Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 24, 2016 07:00 PM EDT Reads: 2,771
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies.
In his session at @ThingsExpo, Da...
Sep. 24, 2016 06:45 PM EDT Reads: 1,466
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data.
In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Sep. 24, 2016 04:30 PM EDT Reads: 1,692
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 24, 2016 04:30 PM EDT Reads: 1,500
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation.
In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Sep. 24, 2016 04:00 PM EDT Reads: 1,537
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Sep. 24, 2016 03:00 PM EDT Reads: 1,021
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom.
China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
Sep. 24, 2016 01:30 PM EDT Reads: 1,672
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Sep. 24, 2016 01:00 PM EDT Reads: 1,480
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 24, 2016 12:00 PM EDT Reads: 744