The deal allows, Siemens which acts as a general contractor on solar projects, to extend its engineering, procurement and construction model into the advanced photovoltaic market.
Siemens Energy vice president of photovoltaics Martin Schulz said the acquisition in Semprius will provide the company access to next generation technology for clean power generation.
"We believe the prospects are bright for high concentrating photovoltaic systems that enable significantly higher efficiencies than conventional PV modules, and at the same time, offer enormous potential to achieve competitive levelized costs of electricity," Schulz said.
Semprius’ HCPV modules use high-performance lenses to direct sunlight onto very small, highly efficient (>40% NREL Certified) cells, enabling conversion of solar energy directly into electric current.
A trail installation of the patented production process has been operational in Arizona, US since August 2010 while further deployments are expected later this year.
