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Intel Capital says it has invested $20 million in Chinese thin-film solar provider Trony Solar, and has signed an agreement to invest in a large-scale electricity storage specialist in China NP Holdings Ltd.

Intel Capital, the investment arm of semiconductor giant Intel, is looking overseas for its latest ventures and today announced it has invested in two Chinese cleantech firms. Intel says it has invested $20 million in Chinese thin-film solar provider Trony Solar, and has signed an agreement to invest in a large-scale electricity storage specialist in China NP Holdings Ltd.

Intel’s investments come from its $500 million China Technology Fund II, which it established in April of this year. Intel has been investing in Chinese companies for more than a decade starting with its first $200 million China Technology Fund, but these are the company’s first cleantech ventures in the country.

Founded in 1993, Trony is headquartered in Shen Zhen and has been developing low-cost building integrated photovoltaics (BIPV). The solar maker works with crystalline and amorphous silicon and designs cells for indoor and outdoor applications. The company has more than 600 employees and a production capacity of 35 megawatts (MW). With this new capital from Intel, Trony plans to scale production up to 105 MW by early next year and eventually wants to increase that to 1,000 MW, mostly in the form of wall-integrated amorphous silicon products.

Trony joins a number of other solar plays in Intel’s growing portfolio. Intel has already invested in three solar startups this year — SpectraWatt, an Intel spin off, German thin-film maker SulfurCell and Voltaix, a manufacturer of chemicals for chip and solar fabrication.

  1. [...] Read more about this here. [...]

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  2. Adriano Campanelli Tuesday, October 28, 2008

    FYI: Intel Capital set up a $500 million China fund in April and has since invested in six companies. It has invested more than $7.5 billion in about 1,000 companies in 45 countries since its founding in 1991.

    to learn more you can read

    http://www.greentechmedia.com/articles/intel-capital-invests-20m-in-china-cleantech-5077.html

    Adriano Campanelli
    London

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  3. [...] The Wall Street Journal, Earth2Tech Image Via Intel [...]

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  4. [...] The Wall Street Journal, Earth2Tech Image Via Intel [...]

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  5. [...] The Wall Street Journal, Earth2Tech Image Via Intel [...]

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  6. [...] The Wall Street Journal, Earth2Tech Image Via Intel [...]

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  7. [...] Intel and investor Warren Buffett. In October, Intel Capital, the investment arm of Intel, said it would invest in thin-film solar company Trony Solar and large-scale electricity storage specialist NP Holdings, [...]

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  8. [...] battery startup Cymbet, fuel-cell membrane company PolyFuel and Chinese flow-battery maker Net Power Technology. Intel Capital’s solar investments – like SpectraWatt, SulfurCell and Trony Solar — are also [...]

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  9. [...] the past couple of years the venture capital arm of chip giant Intel, Intel Capital, has been investing small sums into promising cleantech firms, from solar manufacturing startups, to companies building energy [...]

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  10. [...] to America — the company has spread its wealth among green startups over four continents. In October 2008, it announced a $20 million investment into two Chinese companies — thin-film solar module maker Trony Solar and electricity storage maker NP Holdings Ltd. It has [...]

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