Stion said that its panels are specifically designed for use in all major applications, including commercial/government, residential, utility and off-grid.
The panels are produced using monolithically integrated circuits and offer a number of advantages over competing products, including high efficiency, a convenient form factor (2 ft x 5 ft), and improved performance in partial shading, the company claims.
As part of the expansion, Stion expects to bring more than 500 direct and indirect jobs to the region in 2010 and 2011.
Chet Farris, president and CEO of Stion, said: “Beyond our 100MW production facility, the strategic partnerships result in a very capital efficient production model as we will gain access to a certain amount of capacity without additional capital commitment from Stion.”
Vinod Khosla, partner at Khosla Ventures, said: “In the crowded field of thin film solar with mostly undifferentiated technology, Stion has distinguished itself with the highest efficiency production ready technology on one square meter, 120W to 130W monolithic panels. Stion will show how a PV startup gets to positive cash flow with a $100m dollar equity investment.”
