Yingli Green Energy to Collaborate with Innovalight, Aiming to Boost Multicrystalline Cell Efficiency [China / USA, CA]
PRNEWSWIRE - BAODING, China and SUNNYVALE, Calif., July 26 /PRNewswire-Asia-FirstCall/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic manufacturers, which holds the brand "Yingli Solar," today announced that it has signed a technology, research and production collaboration agreement with Innovalight, Inc. ("Innovalight"), a privately-held firm selling a platform of silicon ink-based high efficiency solar cell materials and technology. By collaborating with Innovalight, Yingli Green Energy expects to raise the average efficiency of the multicrystalline cells produced on its commercial production lines.
"We are glad to sign this agreement with Innovalight," said Dr. Dengyuan Song, Chief Technology Officer of Yingli Green Energy. "We believe strong research and development capabilities are critical to strengthen our industry leadership, and we have recently launched a series of innovation initiatives. Our collaboration with Innovalight once again re-affirms our commitment to technology advancement and allows us to bring the benefits of cutting-edge technologies to our valued customers."
