A joint venture between compound semiconductors developer EMCORE and San'an Optoelectronics is to see the firms collaborate on the creation of new photovoltaic components for terrestrial solar power installations.
Owned in the ratio of 60 per cent to San'an Optoelectronics and 40 per cent to EMCORE, the new company, named Suncore Photovoltaics, is to specialise in concentration photovoltaics.
The firms are to work on the development, manufacturing and distribution of these, including the modules, receivers and systems required for their use in generating terrestrial solar power.
Dr Hong Q Hou, chief executive officer and president of EMCORE, says: "The formation of this joint venture represents a significant step in EMCORE's business strategy towards introducing concentration photovoltaic products for terrestrial solar power applications in one of the fastest-growing solar power markets."
Concentration photovoltaics work by focusing the energy of the sun on a specific area, increasing the amount of energy that can be produced; this is typically achieved using a parabolic trough or a tower equipped with focusing optics.