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Moser Baer India Ltd said on Monday its wholly-owned subsidiary Moser Baer Photo Voltaic Ltd has invested into US-based Solaria, a photovoltaic concentration technology company.
"Solaria's new solar PV technology is immensely scaleable and can enable the acceleration of solar PV module production to meet the rapidly increasing worldwide demand for solar power," Moser Baer Photovoltaic Ltd CEO Ravi Khanna said.
"We plan to be at the forefront of this emerging technology curve by combining Solaria's product innovation with Moser Baer's rapid technology commercialization and efficient manufacturing capabilities."
Solaria has developed a breakthrough technology to deliver low-cost, high-efficiency solar PV solutions and its unique low technology platform would enable Moser Baer to produce two to three times the number of modules from the same amount of silicon material used in today's conventional cells and modules.
The company's technology fits seamlessly into existing PV supply chain, has the same form, fit and function of traditional solar PV offerings and can be deployed in a range of commercial, industrial and residential rooftop and ground-mounted applications.
The parent company, Moser Baer, had earlier announced investment of $17 million into MBPV for investing into emerging solar cell technologies.
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