Solar cell maker SpectraWatt, Inc announced its intention to establish the company’s first factory and its new headquarters at the Hudson Valley Research Park in Hopewell Junction, New York.
The move would initially create over 100 jobs in the New York region within the first year of operation, the company said.
“Between the skilled work force, outstanding support from the Empire State Development Corporation and the valuable programs offered by the New York State Energy Research and Development Authority, the decision to locate in New York was very easy for us,” said Andrew Wilson, CEO of SpectraWatt. “We look forward to building a successful future from our new home in the Empire State.”
The company, which is in the process of moving from their previous location in Oregon, aims to be in production early in 2010. SpectraWatt’s first factory line will have an initial manufacturing capacity of 60 megawatts (MW); additional lines are already being planned with site capacity exceeding 120MW within the first two years of operation.
SpectraWatt investors include Investors include Intel Capital, Cogentrix Energy, PCG Clean Energy and Technology Fund and Solon SE.
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