Cardinal Solar Technologies Awarded $7.7 Million
January 26, 2010
Cardinal Solar Technologies (ST) in Spring Green, Wis., a fully
owned subsidiary of Cardinal Glass Industries, has been awarded
a $7.7 million tax credit under President Obama's stimulus plan
to re-tool its Northfield, Minn., facility. The credit is available
upon the facility's progression from residential door and window
coating operations to production of thin film coatings for use in
the manufacturing of solar modules.
Andy Jensen, vice president/general manager of Cardinal ST, explains
that the process of earning the tax credit began when the company
completed and submitted a formal 48C tax credit application in October
2009. The tax credit is part of the Recovery Act, which is focused
on building a robust domestic manufacturing capacity to supply clean
and renewable energy projects with American made parts and equipment.
Cardinal's research and development team spent the past three years
developing thin film coatings to be used by solar module manufacturers.
These thin film coatings (transparent conductive oxide, anti-reflective,
and low maintenance photocatalytic) will be tailored to specific
customer module requirements to optimize their energy production.
"Once our thin film development work is completed, it will
take us approximately six months to re-tool our Northfield coating
operation," says Jensen.
He adds that Cardinal's large area thin film coating process enables
the company's solar thin films to be engineered to match customer
requirements while maintaining a low-cost platform.
At this time, Jensen says the company "will be maintaining
the current staffing levels, but with the expected growth in the
solar industry over the next couple years we are optimistic that
the Northfield operation will benefit from that growth."
He says they do not have any plans at this time to open additional
solar facilities, but it is something that could be considered in
"As one of the world's leading technology companies in glass
and thin film coatings we are ready to react to the opportunities
that the solar industry will bring to the United States over the
next several years," says Jensen. "We believe that the
stimulus plan will be one significant step to encourage renewable
energy projects in the United States and will drive demand for our
solar customer's products.
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