Sanan Optoelectronics spends US$10 million to acquire US PV company EMCORE

Recently, Sanan Optoelectronics announced that the company's board of directors reviewed and approved the proposal of the "asset purchase agreement" signed by Rixin Photovoltaic Technology Co., Ltd. and EMCORE Corporation.

Rixin PV is a 60% subsidiary of Sanan Optoelectronics. It is reported that Riken PV purchases assets, intellectual property, proprietary technology and EMCORE Corporation owned by EMCORE Corporation related to or used in the business of concentrating photovoltaic power generation system for US$10 million. The equipment and raw materials procurement related contracts still have some unpaid follow-up matters, and all employees related to the EMCORE Corporation and the concentrating photovoltaic power generation system business are selected by the Japanese core PV for the first time to confirm the hiring.

Rixin PV will set up a wholly-owned subsidiary in the United States to receive the target assets. All ground high poly-polymers other than the technology and products under the Technology License Agreement, the Roofing Agreement and the Ground Application High-concentration Photovoltaic Solar Cell Manufacturing Process and Test Technology License Agreement signed with EMCORE Corporation The rights to solar energy technology and products will be terminated from the date of completion of the delivery, and the core solar photovoltaics must pay the fee of $2417273 as agreed in the Roofing Agreement.

Upon termination, Nissei will have a worldwide license to use, market and dismantle the company and EMCORE Corporation on November 4, 2011, "High-concentration concentrating photovoltaic solar cell manufacturing process and test technology license agreement" (" EMCORE Corporation's right to develop high-light concentrating solar technology and products in addition to the technology and products under the Solar Cell Agreement, EMCORE Corporation is required to develop proprietary technology and products related to ground high-concentration solar energy. Japanese core PV agreed in writing.

Off-Grid Inverter

The off-grid inverter is an inverter used in off-grid solar power generation systems. Its main function is to convert the direct current generated by solar panels into alternating current to meet the power demand in off-grid environments, such as in remote areas, In camping, boats, or moving vehicles.

Main effect:
Converts the direct current generated by solar panels into alternating current to supply the power needs of homes, mobile devices, or other electrical appliances.
Off-grid inverters are usually equipped with battery energy storage systems, which store excess power so that they can continue to supply power when the solar panels cannot generate enough power.

Differences from On-Grid Inverter:
Connection method: Off-grid inverter is an inverter used in the off-grid system and does not need to be connected to the grid. They are often used in places where there is no access to the grid, such as remote areas, wild camping, or outlying islands.

Grid requirements: Unlike on-grid inverters, off-grid inverters do not need to meet grid requirements and standards because they are not connected to the grid. They can operate independently and can be adapted to different off-grid environments.

Self-sufficiency: The off-grid inverter is equipped with a battery energy storage system, which can store excess electricity so that it can continue to supply electricity when the solar panels are unable to generate electricity. This makes the off-grid system self-sufficient and not dependent on an external grid for power.

Application scenarios: Off-grid inverters are widely used in remote areas, camping, ships, mobile vehicles, and some special-purpose scenarios. On the other hand, grid-connected inverters are mainly used in home, commercial, and industrial photovoltaic power generation systems connected to the grid.

In general, the main function of the off-grid inverter is to convert the direct current generated by the solar panels into alternating current to meet the power demand in the off-grid environment and achieve self-sufficiency by being equipped with a battery energy storage system. In contrast, on-grid inverters connected to the grid are mainly used to integrate solar power into the grid, realize the interaction between solar power and the grid, and comply with the requirements and standards of the grid.


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