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Remember this incredibly bullish statement from Provini ...
Welcome to the board dontplayer.
It's good to see these statements ...
mikelift, my hope is that this board will be beneficial to all of us and that everybody will share thoughts and information.
Really good sale price buy there. Congrats!!
I talked to Tom Scarpa this morning.
Tom is confident that Natcore will have revenue by the end of the year.
I asked Tom to comment on the warrant exercise situation. Tom said, you know, there is a benefit if these warrants don't get exercised, and there is a benefit if they do get exercised.
Tom said that cartridges loaded with approximately 200 wafers will move from operation to operation within the AR-Box. It sounds like each operation will only take 4 minutes, in order to process 3,000 wafers/hour.
Really good news here that both of the PHD's that worked for Natcore at Ohio State U. are moving to Rochester and will be working at Natcore's new lab. These guys have been working with the LPD process and black silicon.
Tom said Natcore is optimistic with regards to funding from the Rochester Economic Development Agency. He said that the Rochester area has been hit harder than most, and that the Agency is serious about creating jobs for the Rochester area.
Tom said Phono Solar is coming to the US in mid to late September. Funding talks are on the table. But, even if Natcore doesn't accept a deal offer from Phono, Tom's optomistic that Phono will be purchasing an AR-Box. Tom mentioned that Phono has backed off from exclusiveness.
I asked Tom to get a tandem cell update from Dr.Barron, and try to get info on the thickness of the black silicon wafers that will be processed in the AR-Box. Tom said he will. I'll call him again next week.
Tom stated that the Italian Company, MX Group S.p.A., was in the US last week. Tom said that they are a module assembler, that has committed backers, that wants to manufacture their own components. The Company, and their backers, are interested in Natcore because they want an advantage over the other solar fabricators. Chuck is going back to Milan during the first week of September.
westeffer, it's good to hear that you were able to take advantage of the sale price.
Yingli Solar stepping up solar awareness in Americas with sponsorship of US soccer team ...
Yingli recently announced that it had shipped over 250 MW to North America and contributes to 15 percent of the U.S. Market. “This is a natural extension of our fast growth in the U.S. Market,” said Petrina. The company hopes to use this sponsorship as a platform to reach a huge number of people passionate about both soccer and renewables.
http://www.renewableenergyworld.com/rea/news/article/2011/08/yingli-green-energy-to-sponsor-u-s-national-soccer-teams-provide-solar-to-local-athletic-centers?cmpid=WNL-Friday-August12-201
The US Army is stepping up their renewable efforts ...
The Army estimates it will need $7.1 billion in private investment to generate 2.1 million megawatt-hours of clean power annually. The EIO approach will help the Army aggressively add multiple megawatts of clean energy by 2025 while saving tax dollars.
http://www.renewableenergyworld.com/rea/news/article/2011/08/the-us-army-has-the-land-and-the-demand-for-renewable-energy?cmpid=WNL-Friday-August12-2011
Bullish solar article ...
The difference in the cost of a kilowatt from a solar array compared to a kilowatt from the local utility has grown ever narrower. Today, the two are at effective parity at the retail rate level, and tomorrow, solar will be less expensive by a significant margin.
http://www.renewableenergyworld.com/rea/news/article/2011/08/commercial-solar-power-2-0-the-rise-of-the-solar-power-provider-network?cmpid=WNL-Friday-August12-2011
JB
Good job with that spreadsheet dom.
It will be interesting to see how much recurring revenue Natcore recieves from each AR-Box, how much revenue it will take in order for Natcore to achieve my expected high net income percentage, and what P/E the market gives Natcore.
It's very positive that the Chinese government has involved Natcore with 2 Chinese solar fabricators that plan huge expansions.
TLNZ SOLAR from PR ...
ck, good to hear that.
westeffer, today's PR means it's possible to exceed the timeline.
Good to have the AR-Box in the lab.
dom, I will make a guesstimate of the output for one of the industrial version AR-Boxes.
Nasdaq down 175 today, unreal!
Natcore offered for 50% off now. Still no shipping charges and no sales tax! Sale ends soon, according to my crystal ball.
S&P 500 Futures down 26, but off lows ... Crude Oil down 2.77
Live futures link ...
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
JB
Yup, and these impressive accomplishments were achieved despite low cash levels and without the benefit of their own lab.
With $5 million cash on hand, their own lab, and their past accomplishments, Natcore is in a much better position to succeed than they were one year ago.
YEAR IN REVIEW
I looked back at Natcore's PR's since 6-22-10. They reminded me of how much Natcore has accomplished since then. I'm very happy with the progress Natcore has made. I eagerly await the next year of accomplishments, including advances in technology, partnerships, revenue, and the Company's business model coming to the forefront. The list below is a good refresher for those of us that don't remember everything.
6-22-10 ... Natcore Technology Finalizes Agreement for China Joint Venture
http://tmx.quotemedia.com/article.php?newsid=31812302&qm_symbol=NXT:CA
7-13-10 ... Natcore Achieves Key Breakthrough Toward Bridging Economic Gap Between Solar and Conventional Power
http://tmx.quotemedia.com/article.php?newsid=32313481&qm_symbol=NXT:CA
9-15-10 ... Natcore Increases Film-Growth Rate By Order of Magnitude
http://tmx.quotemedia.com/article.php?newsid=33984403&qm_symbol=NXT:CA
9-28-10 ... Natcore Unveils First Commercial Application: New Subsidiary, NanoShade Solar, to Market Solar Energy Collectors in 1Q11
http://tmx.quotemedia.com/article.php?newsid=34326885&qm_symbol=NXT:CA
10-7-10 ... Natcore Forms Hong Kong Subsidiary to Oversee Solar Joint Venture
http://tmx.quotemedia.com/article.php?newsid=34578312&qm_symbol=NXT:CA
11-9-10 ... Natcore Confirms Solar Power Output Gain Using New Passivation Process
Film Passivation Process Also Removes Reliance on Costly Vacuum Furnace
http://tmx.quotemedia.com/article.php?newsid=35541041&qm_symbol=NXT:CA
11-11-10 ... Natcore Leaps Forward in Quest For High-Efficiency Tandem Solar Cell
Scientists Create Three-Dimensional Matrix of Silicon Quantum Dots
http://tmx.quotemedia.com/article.php?newsid=35643409&qm_symbol=NXT:CA
12-6-10 ... Natcore Forms Strategic Alliances to Build Solar Cell Production Facilities
http://tmx.quotemedia.com/article.php?newsid=36298869&qm_symbol=NXT:CA
1-10-11 ... Natcore's Coating Technology Scores High In First-Ever Production Test
http://tmx.quotemedia.com/article.php?newsid=37302036&qm_symbol=NXT:CA
3-15-11 ... Natcore Technology Begins Production of Intelligent AR Coating Processing Station
System Will Grow Antireflective Coatings on Solar Cells
http://tmx.quotemedia.com/article.php?newsid=39587057&qm_symbol=NXT:CA
3-21-11 ... Natcore Technology Signs Agreement for First Sale
Chinese Company to Introduce Natcore AR Equipment Into Their Solar Production Line
http://tmx.quotemedia.com/article.php?newsid=39732860&qm_symbol=NXT:CA
4-12-11 ... Natcore Technology Issued U.S. Patent for Nanostructured Solar Cells
Patent Enables Low-Cost Roll-to-Roll Production Of High Efficiency Thin Film Solar Cells
http://tmx.quotemedia.com/article.php?newsid=40248992&qm_symbol=NXT:CA
4-14-11 ... Natcore Successfully Passivates "Black Silicon" Solar Cells
Breakthrough Should Result In Significant Power Gains Over Standard Production Cells
http://tmx.quotemedia.com/article.php?newsid=40328748&qm_symbol=NXT:CA
4-21-11 ... Natcore Technology to Locate Solar Research Center in Kodak's Business Park
http://tmx.quotemedia.com/article.php?newsid=40548290&qm_symbol=NXT:CA
5-5-11 ... Natcore Technology Successfully Uses LPD Process on Textured Solar Cells
Advance Enables Cost Savings by Allowing Use of Thinner Silicon Wafers
http://tmx.quotemedia.com/article.php?newsid=41024067&qm_symbol=NXT:CA
5-31-11 ... Natcore Technology, Kodak Sign Joint Development Agreement
http://tmx.quotemedia.com/article.php?newsid=41777039&qm_symbol=NXT:CA
7-7-11 ... Natcore Technology Receives Subcontract to Coat Fabric for Use in Harsh Underwater Environments
http://tmx.quotemedia.com/article.php?newsid=42766243&qm_symbol=NXT:CA
JB
Natcore's sp held up well until the last half hour. I thought we might come out of the huge overall market sell off unscathed until the late 45,000 share sell order popped up. All it takes is one large sell or buy order to move the stock quite a bit. I'm sure that this two week sell off has resulted in margin calls for many. If the sp moves lower, I will add to my already overweight position.
MRPANCAKE, would you contact illumination and ask him who gave him the below information, and if any other details were given? From his AGM report ...
WOW, that's really good news dom. The solar industry needs China to step up their installations.
yes dough,
For anyone that might have missed it, Natcore's shares are on sale again today. Also, free shipping and no sales tax!!!
Glad Natcore did away with 'NIPS'.
Thanks ck,
JB
vankent, your post with my replies.
If Brien did not participate in the latest financing their would be a lot of people questioning why not, including myself. He is a founder of the company, and should be trying to maintain his share of the company, it would look suspect for him not too this far into the business endevour. I view Brien's participation as a positive.
As to your point about shareholder dilution being speculation, it is but its not unreasonable to believe there will be dilutive measures in the future, even profitable small-cap companies raise money through equity financing. True, but, the non-excercise of some warrants will not necessarily drive this. Provini's last President's Message stated that Natcore will discuss JV opportunities with an Italian firm and a Chinese firm this month.
I would argue that the fact that you believe $5mln cash on the ledger is enough to see then through to porfitability, is even more speculative a statement than mine. Do you know how much it costs to manufacture the AR-Box, or how about 5 of them? Do you know how much the lease is at EK? They are going to have a lot of new costs, do you have any idea what there estimated operating expenditures are going to be for 2Q or 3Q or fiscal year 2011? I am under the impression that customers will pay for 3 of these AR-Boxes and the Chinese JV will pay for one. I expect a nice profit on the AR-Boxes. EK lease is small amount, pretty sure Natcore said $5K per month. 2Q = $125,000, 3Q = ?
I can guarantee you management is depending on those un-excersized warrants for expeditures. Thats the whole point of attaching warrants to an equity offering, future additional cash flows. There you go guaranteeing again. Using words like may or could is more appropriate when speculating. At the AGM, Brien stated that while a pp can't be entirely ruled out, it's his belief that we have seen the last one.
With this reply, I am finished with this discussion. Others may want to paticipate though.
All the best,
JB
The point I was trying to make is that Brien knows Natcore's future prospects as well as anyone, and he is still investing in the private placements and warrants even though he has a large stake already. Exercising in the money warrants is only guaranteed money if you immediately sell them, which he did not do. These warrants are already underwater.
Saying that the company will have to dilute shareholders if the outstanding warrants are not exercised is speculation. Natcore has about $5 million in cash that may see them through until profitability. It may be a blessing for shareholders if the outstanding warrants aren't exercised, as it will result in a lower outstanding share total.
Brien Lundin, Natcore's Chairman, exercised 300,000 warrants on May 2nd.
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=nxt
I am really happy to see this. Brien already has a boatload of shares and gets plenty of options. He, through his research for his newsletters and his New Orleans Investment Conference, no doubt has knowledge of many promising opportunities. It's long term bullish to see him investing more of his own money in Natcore!
Brien's ownership type is listed as Direct Ownership. Dr. Flood has some small sells listed as Control or Direction under ownership type. Does anybody know what Control or Direction means?
My guess is that this is a plan to sell some shares over time.
JB
dough, We (wife'e on board) have added at these levels and plan to hold for at least 5 years. I want to be around while Natcore's promising technology is commercialized.
Originally, I thought the LPD process for growing the antireflective coating on silicon wafers was very promising, due to this ... Moreover, our technology allows for solar cell production that eradicates the need for toxic silane; eliminates the need for intensive energy used to apply the antireflective coating; and significantly lowers silicon usage. But our world-changing technology also promises to have dramatic impact on semiconductor devices; optical components; eyewear; aerospace exploration; and architectural coatings, among other uses. On top of all of this, Natcore has recently added the improved output of black silicon to the initial launch. We should see commercialization in early 2012!
My favorite statement made to me by a company officer came from Dr. Flood, Natcore's CTO, co-founder, and former Chief of the Photovoltaic and Space Enviroments Branch at the NASA Glenn Research Center. He stated, "In my 30 plus years of involvement in solar, I have never seen a process that, in the end, will have the impact that LPD will have. The LPD process is a world beater in price and performance."
During the same phone conversation, with regards to roll to roll, Dr. Flood estimated that there will be a one year pilot level readiness program in order to run a large chunk of roll to roll. He thought it would then take another six months to production. We may see this product commercialized at the end of 2012!
Dr. Flood is scheduled to spearhead Natcore's roll to roll efforts, in co-ordination with Kodak, starting right about now. Dr. Food and Dr. Barron co-founded Vanguard, a company bought out by Natcore in 2010. Vanguard originated Natcore's roll to roll technology.
My last communication with Dr. Flood was two months ago. At that time, Dr. Flood estimated that the tandem cell would be commercialized in 30 months. We may see solar manufacturers producing tandem cells by the end of 2013!
Amazing!!!
JB
domasselin, I'll take a stab at Natcore's projected revenue per gigawatt from the LPD AR coating.
OT ... ALERTS TO THREATS IN 2011 EUROPE :
The English are feeling the pinch in relation to recent events in Libya and have therefore raised their security level from "Miffed" to "Peeved." Soon, though, security levels may be raised yet again to "Irritated" or even "A Bit Cross." The English have not been "A Bit Cross" since the blitz in 1940 when tea supplies nearly ran out. Terrorists have been re-categorized from "Tiresome" to "A Bloody Nuisance." The last time the British issued a "Bloody Nuisance" warning level was in 1588, when threatened by the Spanish Armada.
The Scots have raised their threat level from "Pissed Off" to "Let's get the Bastards." They don't have any other levels. This is the reason they have been used on the front line of the British army for the last 300 years.
The French government announced yesterday that it has raised its terror alert level from "Run" to "Hide." The only two higher levels in France are "Collaborate" and "Surrender." The rise was precipitated by a recent fire that destroyed France 's white flag factory, effectively paralyzing the country's military capability.
Italy has increased the alert level from "Shout Loudly and Excitedly" to "Elaborate Military Posturing." Two more levels remain: "Ineffective Combat Operations" and "Change Sides."
The Germans have increased their alert state from "Disdainful Arrogance" to "Dress in Uniform and Sing Marching Songs." They also have two higher levels: "Invade a Neighbor" and "Lose."
Belgians, on the other hand, are all on holiday as usual; the only threat they are worried about is NATO pulling out of Brussels .
The Spanish are all excited to see their new submarines ready to deploy. These beautifully designed subs have glass bottoms so the new Spanish navy can get a really good look at the old Spanish navy.
Australia, meanwhile, has raised its security level from "No worries" to "She'll be alright, Mate." Two more escalation levels remain: "Crikey! I think we'll need to cancel the barbie this weekend!" and "The barbie is canceled." So far no situation has ever warranted use of the final escalation level.
-- John Cleese - British writer, actor and tall person
JB
It would be nice if these new printed cells have some useful applications. The more energy that is captured from the sun the better. Although, I would not be stapling them to my roof or wearing the laminated paper on my clothing.
It's interesting that no efficiency or output ratings were given. Is this the next NENE technology? Remember NENE, who has the spray-on pv technology, out of a Florida University, that was pumped shamelessly by Jeff Siegal in Energy and Capital for months? NENE's efficiency was about .5%. Not commercially viable.
From my AGM notes ...
There's no question in my mind that the recent weak performance of the solar stocks has had an adverse effect on Natcore's share price. Good, company specific news should be coming soon. I think the good news will turn things around quickly for Natcore.
A post today from Rames on the China Growth Stocks board. Rames is a knowledgeable solar swing trader ...
domasselin, thanks for mentioning the New Oleans Investment conference. Anybody live near New orleans?
Natcore already has a boat load of LPD process applications to develop, so, I doubt it.
Should be good for renewable energy though ...
Barron is part of a group at Rice that wants to make something very large from these nanotubes: miles and miles of highly conductive electrical transmission lines for a more efficient energy grid, which will be important as the use of renewable energy grows. This was one vision of the late Rice professor Richard Smalley, who won the Nobel Prize in Chemistry for his codiscovery of fullerenes, a new type of carbon structure. The Rice researchers have made long, pure carbon nanotube fibers, but since they have been working from impure samples, these fibers are not as conductive as they could be.
Welcome to the board ScooterG!
The world could sure use more eficient transmission lines. The Barron Group, at Rice U, does some amazing research.
It shouldn't be long until they produce the proof of concept tandem cell Chuck Provini referred to in this 4/10/2011 Pinnacle podcast interview.
http://www.pinnacledigest.com/podcast/interview-natcore-technology-part-ii-natcore-technology-driving-harder-ever-achieve-economic
JB
Informative Video ... The Places Flexible Thin Films Can GO
Jean-Noel Poirier, senior vice president of business development at Global Solar, describes where flexible CIGS thin films -- instead of silicon solar panels -- can be the optimal choice.
http://www.renewableenergyworld.com/rea/video/intersolar11globalsolar?cmpid=WNL-Friday-July22-2011
Info from video ...
1) Launch in August
2) The flexible thin film is light weight. Will be used on roofs that have weight restrictions
3) Global Solar's flexible roll system has 11%-12% efficientcy, going to 14%
"The nanostructured flexible thin film solar cell that we're developing is made using our patented LPD technology," continues Provini. "Both the fabrication process and the cell structure covered by this new patent are exclusive to Natcore. The near-term module efficiency using this technology is projected to be equivalent to commercial silicon modules at 15% to 16%, and the longer-term improvements could raise the efficiency to 20% or more."
4) Global Solar's competitors have efficientcies of 6%-8%
5) Global Solar states that the fully installed flexible roll system cost will be the same as a glass crystalline system.
The thrust of our efforts with Kodak will be to utilize their equipment and experience in high-speed, roll-to-roll manufacturing of thin films as we develop a flexible solar cell. Kodak’s cutting-edge facilities, as well as their leading expertise, are at our disposal for relatively small cash outflows. This roll-to-roll technology could reduce the cost to manufacture solar cells by as much as 60 percent.
Also, Natcore has told us that they expect installation costs of their flexible roll to roll thin film to be 60% less than current panel installations.
It looks like the flexible roll to roll thin film manufactured using Natcore's patented technology will be much more efficient and a whole lot cheaper than Global Solar's new product launch.
Good news for sure!
JB
Welcome to the board ddjpn.
I wonder if the author idolizes Carson Block.
http://www.bloomberg.com/news/2011-07-20/solar-mirages-bring-muddy-waters-concerns-to-china-panel-makers.html?cmpid=yhoo
Here's what a knowledgeable poster on the CGS board had to say ...
This article is a complete joke.
There is no correlation between Muddy Waters, Sino-Forest and the solar industry.
Analyst estimates are coming down because of pricing and demand uncertainties and not accounting issues. They are coming down for all solar companies worldwide, especially upstream companies like LDK, MEMC, Wacker or REC.
LDK is on the Moody's "accounting risk" list, that is correct. This deceptive article fails to mention that other names it lists, incl. TSL and YGE, are not on this list - there are no red flags according to Moody's 20 criteria - and Moody's has come under pressure from Hong Kong regulators who started an investigation.
http://www.reuters.com/article/2011/07/21/us-china-accounting-idUSTRE76K29L20110721
This garbage article contains "Fox News" type of manipulating nonsense like "The U.S. Securities and Exchange Commission has since December revoked the registrations of eight Chinese companies listed in the U.S., the strategy Sino-Forest used to raise capital and also pursued by LDK, Trina and Renesola."
To contact the reporter on this story: Ben Sills in Madrid at bsills@bloomberg.net -- this article looks like it has been written by an intern who doesn't have a clue about the solar industry, the troubles of U.S.-listed Chinese stocks, Muddy Waters or the Hong Kong market. Instead he picks up completely unrelated snippets and mashes them all up in a deceptive way with a very deceptive headline. It's a shame that Bloomberg publishes this, but it is so ridiculous, the only negative effect it will have is on Bloomberg.
At any rate, it's good to see the very competitive environment for solar companies. These companies should be eager to align with Natcore in order to reduce costs, reduce pollution, and improve their panels output. It look like 3 companies are already in line for the NIPS.
JB
Very interesting strategy indeed.
Thanks JB.Interesting strategy.
Good solar news ...
Secondly, the company has announced a plan to mothball a coal plant in 2018, well ahead of schedule.
"Instead, we’re going to pursue renewable energy,” said Robledo.
http://www.renewableenergyworld.com/rea/news/article/2011/07/50-mw-of-solar-make-that-400?cmpid=SolarNL-Thursday-July21-2011
JB
kungfu1, interestingly enough, Natcore wants the price of solar cells to drop. Natcore stated in their 2010 power point that declining prices will force solar cell manufacturers to adopt Natcore's technology in order to compete. Also, lower prices equal more solar panels deployed, equals a larger end market for Natcore's products. Trina Solar is currently the low cost leader, STP is not. IMO, it's a pretty safe bet to say that STP has Natcore's evolution under the microscope.
Does anyone know if the Pluto cell is the same cost as the proposed black cell?
Somewhat scary to read that another company already has a "shaded" cell in production that appears to equal the output of the black cell. Does the Natcore cell use silver or copper?
Solar cell prices are dropping and Natcore is still not selling any product. Can they be competitive in another year given the rate of decline in prices?
I would love to hear from anyone with answers to these questions. Thanks.
NIPS will allow us to refine and deliver a cost-effective AR coating process to solar fabrication facilities. Moreover, our black silicon application could increase efficiency of solar cells by two to three percent, and could increase total daily power output by a much greater degree. (We're breaking entirely new ground here, and there's no way to accurately determine the power advantages of a black silicon solar cell until we actually create one and test it.)
dough, definitely to cut costs.
jb you state
Interesting that STP's new Pluto cell has grid contacts made primarily of copper, not silver.
it this mainly to cut costs or what?????
dough
Wow, it would be nice to get STP on board with the LPD process and black silicon. This could very well happen once the benefits are proven in a TLNZ Solar production line.
This announcement also marks Suntech’s long awaited ability to produce the Pluto cell on a large scale allowing it to market its high-end module range in markets such as the US. Suntech plans to have 450 megawatts (MW) of capacity for Pluto cells by the end of this year compared to an overall capacity of 2.4 gigawatts (GW).
Interesting that STP's new Pluto cell has grid contacts made primarily of copper, not silver.
http://www.prnewswire.com/news-releases/suntech-launches-two-high-performance-solar-products-in-the-americas-125397603.html
JB
donfig47, good find!
With Natcore and Kodak seeking state and local financial support, it's good to have this information in local papers.
Here is an article from Rochester Business Journal
Natcore deal with Georgia Tech could lead to work here
By THOMAS ADAMS
Rochester Business Journal
July 11, 2011
(c) 2011 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
I didn't print it because of the reprint statement but you can access their link and subscribe for free.
http://www.rbj.net/login.asp
domasselin, very good info in that report. Natcore is in a position to reduce the cost per watt even further with their LPD AR coating and passivation, black silicon, and reduced wafer thickness. The NIPS should have been delivered to the lab. Natcore will produce black silicon samples and send them out for testing. I can't wait for these crucial results. At the AGM, Natcore said they expected the results to be back in 2-3 months.
N4 years and about 4-5 times the GW forecasts!!!! China, Italy and Germany are definitively places where Natcore must sell some NIPS! They withdrawed the presentation on the Natcore website but isn't Natcore was discussing with a German company earlier?
domasselin, Natcore recently told me that discussions with BASF are ongoing. BASF is a worldwide chemical company with operations in China. That's all I know.
JB any info on how do they expect to manufacture the chemicals that they'll sell to the NIPS client? Will these be manufactured in the Eastman Kodak park or they will outsource the production to another company that already do some chemical mixing?
domasselin, additional info added to this post...
domasselin, Natcore's power point from early 2010 called for $25 million of revenue from each 10% of the silicon panel market. At that time they gave a total market figure of 50 million panels. Since then they raised the revenue figure to $45 million but didn't say what the total market figure was that the new $ amount was based on. The original $25 mil for 5 mil panels would work out to $5 of revenue for each panel. I checked out some silicon panel manufacturers this morning and it looks like the average watt per panel is around 180. This means that a 500mw manufacturer would produce 2.78 million panels per year. If Natcore recieves $5 from each of these panels, there revenue would be $13.9 mil for 500MW of production. As far as total world wide solar production, look below. 50GW x .80 = 40 GW
Manufacturing
By the end of this year, we’ll have about 50 GW of solar production capacity, according to Shayle Kann of GTM Research. That has caused a chronic oversupply of modules, driving down prices 50% in two years and forcing manufacturers to drop costs in synch. (The average selling price for solar PV modules is $1.50, and will likely fall to $1 by 2013.)
There’s some debate in the sector about how long companies will be able to push costs for silicon-based technologies downward. But Charlie Gay, a 35-year veteran of the solar industry who is president of Applied Solar, believes that silicon, which represents about 80% of the market, “is a very long way from being tapped out.”
Last two paragraphs are from this article ...
http://www.renewableenergyworld.com/rea/news/article/2011/07/anatomy-of-a-solar-pv-system-how-to-continue-ferocious-cost-reductions-for-solar-electricity?cmpid=SolarNL-Thursday-July14-2011
To answer your question:
In % of the global solar market, where does 500MW stands? Since each 10% is approx 50M$ based on natcore initial estimate, I think it would help to start seeing some sales figures
Informative Clean programs video.
http://www.renewableenergyworld.com/rea/blog/post/2011/07/clean-is-a-better-fit-for-the-usa?cmpid=WNL-Friday-July15-2011
JB