SYS-CON MEDIA Authors: Liz McMillan, Zakia Bouachraoui, Elizabeth White, Pat Romanski, Yeshim Deniz

News Feed Item

Suntech Recognized by MIT Technology Review as One of World's 50 Most Innovative Companies

SAN FRANCISCO, Feb. 21, 2012 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), the world's largest producer of solar panels, has been included in the 2012 TR50, Technology Review's annual list of the world's 50 most innovative technology companies, for its success in developing and commercializing advanced solar technology.

TR50 members are nominated by Technology Review's editors, who look for companies that over the last year have demonstrated original and valuable technology, are bringing that technology to market at a significant scale, and are clearly influencing their competitors.

"Suntech shows why mastering manufacturing is crucial in getting energy technologies to scale," said Jason Pontin, Editor in Chief and Publisher of Technology Review. "It is driving down the cost of solar cells and improving their efficiency."

Since inception, Suntech has steadily increased the conversion efficiencies of its commercial solar cells from about 14% in 2001 to over 20% today, all while reducing the costs of production. These developments have helped to drive down the global market price of solar panels from about US$6 per watt in 2001 to roughly US$1 per watt today.

"We're honored to be recognized by MIT Technology Review as one of the world's most innovative companies," said Dr. Zhengrong Shi, Suntech's Founder and Chief Executive Officer. "Due to incremental innovation and economies of scale, the best photovoltaic technologies are now competing in the mainstream against traditional sources of power generation. Suntech will continue to invest heavily in advanced photovoltaic research, and, more importantly, in bringing that technology to the market. All of our efforts are focused on one thing: making solar electricity affordable for everyone, everywhere."

Two Suntech innovations that achieved large-scale production in 2011 are its Pluto cell processing technology and its SuperPoly silicon processing technology.

  • Suntech's Pluto™ cell processing technology, developed in collaboration with the University of New South Wales, features a proprietary front surface metallization process that creates grid contacts thinner than 30 microns wide, about a quarter the size of traditional screen-printed cells. These ultra-thin metal lines - made primarily of copper instead of silver - reduce shading on the cell surface, allowing the cells to absorb more sunlight and generate more electricity.

  • Suntech's SuperPoly technology utilizes advanced silicon ingot casting techniques commercialized internally along with the expansion of Suntech's internal silicon wafer production capacity. Suntech's innovations help produce high-quality multicrystalline wafers using modified multicrystalline casting equipment. The technology achieves lower oxygen content for multicrystalline wafers leading to strong resistance to light-induced degradation and ultimately allows for the production of higher output solar panels at a lower cost.

Suntech's recognition by Technology Review commemorates a successful start to 2012 for the company, as Fast Company recently named Suntech one of the top 50 most innovative companies; and EuPD awarded Suntech the 'Top Brand PV' seal, a well-respected award worldwide. Recently, a team of researchers from Swinburne University of Technology and Suntech developed the world's most efficient broadband nanoplasmonic solar cells. In December 2011, PV Tech awarded Suntech's crystalline silicon solar panel as the most innovative solar product of 2011.

To learn more about Suntech's efforts in pursuing innovation excellence, please visit the Suntech Connect blog or follow us on twitter @Suntech_Connect for regular updates.

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP) produces industry-leading solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 20,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Suntech's pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Suntech's mission is to provide everyone with reliable access to nature's cleanest and most abundant energy source.

For more information about Suntech's people and products visit: http://www.suntech-power.com

About Technology Review

Technology Review is an independent media company owned by the Massachusetts Institute of Technology. More than three million people around the globe read our publications, in five languages and on a variety of digital and print platforms. We publish Technology Review magazine, the world's oldest technology magazine (established 1899); daily news, analysis, opinion, and video on www.technologyreview.com and several mobile apps; Business Impact, which explains how new technologies are transforming companies, disrupting markets, or creating entirely new industries; and live events including the annual Emtech MIT conference. Technology Review also owns the MIT Enterprise Forum, a community and events organization that fosters technology entrepreneurship with 28 chapters worldwide.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements, and includes Suntech increased the conversion efficiencies of its commercial solar cells from about 14% in 2001 to over 20% today, all while reducing the costs of production; and Suntech helping to drive down the global market price of solar panels from about US$6 per watt in 2001 to roughly US$1 per watt today. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Suntech's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Suntech does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

SOURCE Suntech Power Holdings Co., Ltd.

More Stories By Hariharan V Ganesarethinam

Global Head of Enterprise Architecture & Integration practice at Aspire Systems, responsible for delivering transformation projects and helping CxO, VPs to drive IT Architecture, strategies and innovations. He is also a Chief Architect of AURAS Platform, an unified architecture solution for Omni-Channel data integration. A book Author, Blogger, Conference Speaker and founder member of OpenEAGA (a non-profit advisory forum). Nearly 20 years of experience in Engineering, Architecture, Strategy, Integration and Information management with global enterprises. Specializations: • Enterprise Architecture, IT Strategy, Portfolio Management, Reference Architecture, Roadmap and Governance. • Enterprise Architecture Expertise in EA, SOA, MDM, Analytics and IoT. • TCO /ROI Analysis, P&L, Professional Service Management, Pre-sales, RFP / RFQ, Bidding and Engagement Management. • Retail, F&B, eCommerce, B2B, Research, Pharma and Media domains. • Product Platform Architecture, Product Development, Engineering, SDLC. Conference Presentations: • Open Group SFO 2016 – Topic “Need a Perfect Blend of EA and SOA for Global Information Flow” • WSO2Con USA 2015 – Topic “Rejuvenate Retail Integration for Limitless Possibilities” • NCOAUG Winter 2014 - Topic "Strategy for Empowering Enterprise Apps" • NCOUAG Conference 2013 – Topic: “Maximizing Apps Capabilities using Oracle SOA Suite” • NCOAUG Summer 2013 - Topic "Next Generation - Domain SOA" • Information Builders Summit 2010 – Topic: Service Re-usability Design for iWay ESB. Book Author: Oracle AIA Foundation Pack 11gR1:Essentials by Packt Publishing

Latest Stories
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
The KCSP program is a pre-qualified tier of vetted service providers that offer Kubernetes support, consulting, professional services and training for organizations embarking on their Kubernetes journey. The KCSP program ensures that enterprises get the support they're looking for to roll out new applications more quickly and more efficiently than before, while feeling secure that there's a trusted and vetted partner that's available to support their production and operational needs.
Serverless Architecture is the new paradigm shift in cloud application development. It has potential to take the fundamental benefit of cloud platform leverage to another level. "Focus on your application code, not the infrastructure" All the leading cloud platform provide services to implement Serverless architecture : AWS Lambda, Azure Functions, Google Cloud Functions, IBM Openwhisk, Oracle Fn Project.
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility.
DevOps has long focused on reinventing the SDLC (e.g. with CI/CD, ARA, pipeline automation etc.), while reinvention of IT Ops has lagged. However, new approaches like Site Reliability Engineering, Observability, Containerization, Operations Analytics, and ML/AI are driving a resurgence of IT Ops. In this session our expert panel will focus on how these new ideas are [putting the Ops back in DevOps orbringing modern IT Ops to DevOps].
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Intel is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world's second largest and second highest valued semiconductor chip maker based on revenue after being overtaken by Samsung, and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactu...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Serverless applications increase developer productivity and time to market, by freeing engineers from spending time on infrastructure provisioning, configuration and management. Serverless also simplifies Operations and reduces cost - as the Kubernetes container infrastructure required to run these applications is automatically spun up and scaled precisely with the workload, to optimally handle all runtime requests. Recent advances in open source technology now allow organizations to run Serv...
GCP Marketplace is based on a multi-cloud and hybrid-first philosophy, focused on giving Google Cloud partners and enterprise customers flexibility without lock-in. It also helps customers innovate by easily adopting new technologies from ISV partners, such as commercial Kubernetes applications, and allows companies to oversee the full lifecycle of a solution, from discovery through management.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, will discuss how to use Kubernetes to setup a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace....
SUSE is a German-based, multinational, open-source software company that develops and sells Linux products to business customers. Founded in 1992, it was the first company to market Linux for the enterprise. Founded in 1992, SUSE is the world's first provider of an Enterprise Linux distribution.
Dito announced the launch of its "Kubernetes Kickoff" application modernization program. This new packaged service offering is designed to provide a multi-phased implementation and optimization plan for leveraging Kubernetes on Google Kubernetes Engine (GKE). Kubernetes, a relatively new layer of the modern cloud stack, is a production-ready platform that allows companies to deploy and manage containerized applications, update with zero downtime, and securely scale their deployments.