The partnership between US companies eSolar and energy giant General Electric has reached a new level. In addition to the licensing agreement struck in June, GE’s CEO of Thermal Products Paul Browning will join eSolar’s board of directors.
"Our partnership with GE moves our innovative technology to the next stage. Together, we are able to bring to market a power plant solution that drives down the cost of solar and meets the growing demand for renewable energy generation," said John Van Scoter, President and CEO of eSolar. "Building on our proven technology, this investment will fund the development of next-generation, modular solutions that enhance the cost competitiveness of solar, such as molten salt storage technology. We welcome Mr. Browning to our board as a valuable asset in driving the strategic direction of the company during this time of rapid growth."
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