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REAP and Universal Semiconductor Form Joint Venture for Future Solar Cells

19 October 2015

LED lighting and solar cell manufacturer Renewable Energy and Power Inc. (REAP) has formed a joint venture (JV) with Universal Semiconductor Inc. to produce Gen IV solar cells.

Under the deal, REAP will combine its solar cell technology with conventional silicon solar cells manufactured by Universal Semiconductor. The JV has the potential to increase around 50% of the power produced by the current solar cells, REAP says. The solar cells will be manufactured in Universal Semiconductor’s wafer fab in San Jose, Calif.

"We're planning to launch our Gen IV multi-junction stacked solar cell design in conjunction with Universal's proven silicon solar cell design,” Donald MacIntyre, CEO of REAP, says in a statement. “We anticipate that this new design eventually will supplant the current silicon solar cell panels being produced worldwide."

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