Analysis
Soitec announces global alliance with Johnson Controls to capture utility scale solar energy projects
Soitec (Euronext Paris), the world’s leading supplier of silicon-on-insulator (SOI) and advanced solutions for the electronics and energy industries, announced today that its Concentrix Solar division focusing on concentrator photovoltaic (CPV) systems, has concluded a global alliance with Johnson Controls (NYSE: JCI), the global leader in delivering products, services and solutions that increase energy efficiency in buildings.
JohnThe combination of the respective strengths of both companies: efficient and cost effective technology on the one hand, and a worldwide leader in energy efficiency and sustainability on the other hand, will provide an unbeatable force to accelerate and widen the successful installation of solar renewable energy utility scale plants in Direct Normal Irradiation (DNI) regions across the globe.
“Before forming our alliance with Concentrix Solar, we studied all primary solar technologies and market participants. We concluded that the combination of Soitec’s technical capabilities in engineered substrate solutions and Concentrix Solar’s module design together provides the market leading solution for solar power generation in high DNI regions around the world,” stated Iain Campbell VP & GM of Global Energy and Workplace Solutions, Johnson Controls.
“We are delighted to team up with Johnson Controls, who shares our vision for sustainable and economically viable, solar renewable energy,” said André-Jacques Auberton-Hervé, chairman and CEO, Soitec. “Together, we understand the market opportunity and positive environmental impact that solar renewable energy power will bring to both existing and future facilities, and are excited to provide integrated solutions to our customers.”
Concentrix Solar’s cost effective and innovative CPV technology, with its high efficiencies and two-axis tracking, is ideally suited to areas in the world that have high direct solar irradiation.