44% growth expected for the solar nanomaterials industry

The Information Network, recently published a report projecting that the nanomaterials for solar cells industry is expected to grow by 44 percent in 2009, after a growth rate of 47 percent in 2008. The report, “Nanomaterials for Solar Cells, Displays, Sensors, Lighting, and RFID Marketing Analysis and Driving Forces,” says that Copper Indium Gallium diSelenide (CIGS) solar cells pushed the market as manufacturers developed unique deposition methods and substrates using nanomaterials. According to Dr. Robert Castellano, president of The Information Network, “[C]ompeting with GICS are traditional crystalline and polycrystalline cells made with silicon wafers. On the horizon is a new nanomaterial that promises to cut solar cell prices.” Dr. Castellano describes a steel based on nanotechnology that would allow solar wafer manufacturers to reduce the amount of waste, or kerf, when slicing silicon wafers. This development could save the industry US$866 million, and drive down the price of solar cells.

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