The award honors companies that practically apply new technology in the pursuit of efficiency, business advantage and profit.
We wish to thank Platts for this incredible recognition, said Baumstark. We are extremely proud to receive this honor, particularly given the caliber of entrants and finalists. Suniva will continue to innovate and commercialize our technologies to further harness the power of the sun around the globe.
The solar industry is dichotomous; cell manufacturers products are either low-cost and low-efficiency, or high-cost and high-efficiency cells. Platts honored Suniva for bridging this divide by creating high-efficiency, low-cost solar cells. Its technical sophistication has allowed the company to continually improve its performance, and its commercial success is evident, in the fact that the company is sold out well into 2011, with exports to Europe and Asia amounting to more than 80 percent of its sales.
The awards judges were impressed by Suniva's innovative cells and their contributions to moving solar into the mainstream and making solar sensible for anyone who has power needs and access to sunshine, said Larry Neal, president of Platts. This year's record number of entries and finalists in the energy efficiency and technology categories underscores the industry's increasing commitment to developing environmentally-conscious solutions to the world's supply needs.
Established in 1999, the Platts Global Energy Awards highlight corporate and individual innovation, leadership, and superior performance in 17 categories spanning the entire energy complex. Nearly 600 energy industry executives from 18 countries attended the event. A prestigious panel of judges selected finalists from more than 200 entries.