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Cardinal Solar Technologies awarded $7.7 million

Post Time:Nov 12,2013Classify:Industry NewsView:39

Cardinal Solar Technologies was awarded a $7.7 million tax credit under President Obama’s stimulus plan to re-tool its Northfield, Minn., facility, according to a Jan. 7 release. The credit is available upon progression from residential window and door coating operations to production of thin film coatings for use in the manufacturing of solar modules.

The tax credit is part the recovery act, which is focused on building a robust domestic manufacturing capacity to supply clean and renewable energy projects with American made parts and equipment.

Cardinal’s R&D team has spent the last three years developing thin film coatings to be used by solar module manufacturers. These thin film coatings -- transparent conductive oxide, anti-reflective, and low maintenance photocatalytic -- will be tailored to specific customer module requirements to optimize their energy production.

"Cardinal’s large area thin film coating process enables our solar thin films to be engineered to match customer requirements while maintaining a low-cost platform," said Andy Jensen, vice president of sales and marketing, in the release.

Established in 2007, Cardinal Solar Technologies is one of five fully owned subsidiaries of Cardinal Glass Industries Inc. With headquarters in Spring Green, Wis., Cardinal ST designs and manufactures glass-based components used in the production of photovoltaic solar modules.

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Source: http://www.glassmagazine.com/news-item/commercial/cardinal-solar-technologies-awarded-77-millionAuthor:

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