SK Group Invests in HelioVolt
Source/Type: News - Staff reports

Author: CompoundSemi News Staff

September 26, 2011... SK TIC and SK Innovation, members of the SK Group, Korea’s energy, chemicals and telecommunications giant, and HelioVolt Corporation, a U.S. based manufacturer of CIGS thin-film photovoltaic modules, announced an agreement to collaborate on technology development and global manufacturing expansion. The SK Group has invested $50M to expand HelioVolt Austin’s manufacturing operations and has begun collaboration to develop HelioVolt’s global capabilities. Heliovolt claims to have made significant technical progress and rapid module cost reduction.

“We believe in the value of long-term investing in alternative energy and are happy to be able to leverage SK leadership across our many complementary industries in order to create an outstanding global partnership with the HelioVolt team,” said Dr. SH Park, CEO of SK TIC. “SK’s technical and engineering expertise will provide HelioVolt with tremendous market, manufacturing and supply chain access,” Dr. DS Kim, SK Innovation’s CTO, added.

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