July 10, 2014 5:51 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of NanoSolar, Inc.

Company Overview

NanoSolar, Inc. manufactures solar electricity panels. Its products include Utility Panel that is designed for utility-scale power plants; and SolarPly, a light-weight solar-electric cell foil that can be cut to various sizes. NanoSolar, Inc. was founded in 2002 and is headquartered in San Jose, California. The company has manufacturing facilities in San Jose, California; and Berlin, Germany.

5521 Hellyer Avenue

San Jose, CA 95138

United States

Founded in 2002





Key Executives for NanoSolar, Inc.

Chief Executive Officer and Director
Executive Chairman
Age: 50
Co-Founder and Director
Chief Financial Officer
Age: 46
Executive Vice President of Operations
Compensation as of Fiscal Year 2014.

NanoSolar, Inc. Key Developments

NanoSolar, Inc. Completes 10.63 MW Solar Installation in Valencia Region of Spain

Nanosolar Inc. announced its large solar photovoltaic (PV) installation to date, a 10.63 MW project in the town of Alfarrasi, which is located in the Valencia region of Spain. Developed by Smartenergy Invest AG and Advanta Capital Ltd. The plant was energized earlier this month and is expected to produce energy to power 4,000 households per year. The Alfarrasi installation will be capable of producing 16,500 MWh per year. The total amount of electricity produced by this Nanosolar project represents a savings of more than 5,528 tons of carbon dioxide emissions each year, and is equivalent to planting approximately 142,000 trees.

NanoSolar, Inc. Announces Executive Changes

NanoSolar, Inc. announced the appointment of Karl Steigele, a seasoned IBM executive, to the newly created position of president and chief operating officer, and the departure of CEO Eugenia Corrales, who has left the company to pursue other ventures. In addition, Guido Polko, will strengthen his role as executive chairman of the company's board of directors, taking a more active role in the company.

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