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Strategy unveiled for economic solar power

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Applied Materials, Inc. launched its strategy to enter the rapidly growing solar photovoltaic (PV) equipment market.
Applied Materials will provide a combination of manufacturing tools, together with technology and process innovations from the flat panel and semiconductor industries, that are expected to enable customers to increase conversion efficiency and yields, helping to lower the overall cost per watt for solar electricity users. "The solar industry has reached the inflection point that Applied Materials has been waiting for, as solar customers seek economies of scale with suppliers who can better meet their needs for global support and who can provide advanced systems that meet technology, throughput, quality and yield goals," said Mike Splinter, president and CEO. "We plan to change the cost equation for solar power through adaptation of our existing technology and new innovation in order to help make solar a more meaningful contributor to the global energy supply."As worldwide energy demand continues to rise, the overall solar equipment market is expected to grow from approximately $1 billion in 2006 to more than $3 billion in 2010, according to industry estimates that do not include additional opportunities for service-related growth."Our solar PV products, together with our roadmap for new technology and services, provide an exciting new growth engine for Applied Materials," said Mark Pinto, senior vice president and chief technology officer. "We have assembled a team of industry veterans who, combined with our global reach and technology leadership in semiconductors and flat panel display equipment, can enable customers to move through the expected transition from small-scale 20MW-40MW factories to sophisticated gigawatt-level facilities.""We believe that Applied Materials is the right company, at the right time, with the right technologies to lead the next wave of solar industry growth," continued Splinter. "This is an exciting new chapter in Applied Materials' growth story, and we are confident that our experience, products and nanomanufacturing technology solutions can advance the industry and improve people's lives through cleaner, more affordable energy."
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