With approximately 15 entrants wanting to stake a claim in the emerging solar microinverter and DC-DC power optimization market, rapid growth is required to avoid failures. According to a new report from IMS Research, the market is forecasted to generate more than US$1.5 billion in revenues over the next five years with device shipments growing 100% per year, totalling more than 16 million units. As expected the key market will be residential, offering power output defence from shading and inverter failures, according to the market research firm.
Extending its reach and further strengthening its overseas operations, Suntech has completed a major executive reshuffle including the appointment of a new COO and three regional presidents.
Dennis Flood, a 30-year NASA veteran who developed photovoltaic power systems for space and planetary missions, has been named CTO at Natcore Technology. The company said that he will help bring its portfolio of PV intellectual property through proof of concept and into commercialization.
Calisolar has appointed Sandra Beach Lin as its new CEO, replacing the outgoing Roy Johnson. The company, which says it is shipping a megawatt a week, made the move as the latest step in building the executive team to lead it through its rapid scale-up into a high-volume, low-cost manufacturer of UMG silicon PV cells.
Having been the managing director and COO at the centrotherm SiTec GmbH subsidiary for the last three years, Frank Stubhan has been appointed CEO of centrotherm photovoltaics AG's thin film module division, effective Sept. 1. 2010. Stubhan will be responsible for the next phase in the growth of its thin-film offerings, the company said.
Tasked with managing the integration of recently acquired companies as well as being in charge of production, quality management, supply chain amongst other duties, Roth & Rau has appointed former CEO of acquired OTB, Dr. Paul Breddels as its new Chief Operating Officer.
Solarfun is to expand its U.S.-based marketing and customer support team in order to boost its North American presence and supplement current staff. Matt Miller has been appointed as regional manager covering the southwestern U.S. and Graham Landry has been appointed as regional manager in the west.
Sustainable Energy Technologies has revealed the immediately effective management change, which will see Michael Carten, the current chairman of the board, as the replacement for Sanjay Razdan as CEO of the company.
Robert Chiste and Uwe Krueger are the newly appointed independent directors to STR Holdings board of directors. Chiste will be on the audit committee as the third independent member and Dr. Krueger will serve on the nominating and corporate governance committee.
Schott Solar has appointed Richard Gruber as executive vice president of sales and business development at Schott Solar CSP. Gruber will be responsible for leading sales and business development in the U.S.
