BAODING, China, Sept. 12, 2017 /PRNewswire/ -- Yingli Green
Energy Holding Company Limited (NYSE: YGE) ("Yingli Solar" or "Yingli"), one of the world's
leading solar panel manufacturers, today announced an update on the
partnership with Picasolar Inc. and the progress being made to
deploy an innovative Hydrogen Super Emitter (HSE) into pilot
production under the Department of Energy SunShot Program.
The U.S. Department of Energy SunShot Initiative is a national
effort to drive down the cost of solar electricity and support
solar adoption. SunShot aims to make solar energy a low-cost
electricity source for all Americans through research and
development efforts in collaboration with public and private
partners. Through SunShot, the Energy Department supports efforts
by private companies, universities, and national laboratories to
drive down the cost of solar electricity. Yingli Americas partnered
with Picasolar Inc in 2016 and the collaboration received a
$2m SunShot award with the goal of
moving the selective emitter technology to production for n-type
solar cells.
Within the first year of the partnership, absolute efficiency
improvements exceeding 0.3% absolute have been demonstrated on
production cells and key reliability testing has been performed at
third-party laboratories. Current work is focused on further
improvements in cell efficiency, demonstrating cell-to-cell process
uniformity, and scaling up the manufacturing equipment.
"Module efficiency is one of the largest levers available to
continue driving down the cost-per-watt," commented Sergiu Pop, Director of Business Development for
Yingli Americas. "The technology developed by Picasolar not only
improves conversion efficiencies but also enables us to further
optimize the grid spacing to save on silver. Ultimately this
delivers more value to our customers."
"Access to Yingli's manufacturing expertise has been a
game-changer for us," said Douglas
Hutchings, CEO of Picasolar. "Over the past year we have
transitioned from optimizing the process on custom built lab cells
all the way to demonstrations on cells pulled directly from
manufacturing. We are working with potential funding sources to
establish US based equipment manufacturing and look forward to the
next stage of our growth with Yingli."
About Yingli Green Energy
Yingli Green Energy Holding Company Limited (NYSE: YGE), known
as "Yingli Solar," is one of the
world's leading solar module manufacturers. Yingli Green Energy's
manufacturing covers the photovoltaic value chain from ingot
casting and wafering through solar cell production and solar PV
module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 20
regional subsidiaries and branch offices and has distributed more
than 17 GW solar PV modules to customers worldwide. For more
information, please visit www.yinglisolar.com and join the
conversation on Facebook, Twitter and Weibo.
About Picasolar
Picasolar is a leading provider for advanced solar cell
technologies. Headquartered in the Arkansas Research and Technology
Park in Fayetteville, Arkansas,
Picasolar focuses on high impact R&D for the solar industry.
Picasolar's mission is to enable cost competitive solar
manufacturing for every geography. For more information,
please visit www.picasolar.com and join the conversation on
Facebook.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target" and
similar statements. Such statements are based upon management's
current expectations and current market and operating conditions,
and relate to events that involve known or unknown risks,
uncertainties and other factors, all of which are difficult to
predict and many of which are beyond Yingli Green Energy's control,
which may cause Yingli Green Energy's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in Yingli Green
Energy's filings with the U.S. Securities and Exchange Commission.
Yingli Green Energy does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
For further information, please contact:
In China:
Eric Pan
Investor Relations
Yingli Green Energy Holding Company Limited
Tel: +86 312 8929787
E-mail: ir@yingli.com
In the Americas:
Amy Chang
Marketing
Communications Manager Americas
Yingli Green Energy Americas
Email: amy.chang@yingli.com
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SOURCE Yingli Green Energy Holding Company Limited