MATR News: Intel Spins Off Solar Tech Business. SpectraWatt to open facilities in Oregon

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Intel Spins Off Solar Tech Business. SpectraWatt to open facilities in Oregon

June 18, 2008

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Intel is spinning off a startup business that is developing solar energy technology.

Called SpectraWatt http://spectrawatt.com/ , the company is from Intel's New Business Initiatives group. Intel Capital, the chipmaker's investment arm, is leading a $50 million investment round in SpectraWatt and is joined by Cogentrix Energy, a subsidiary of the Goldman Sachs Group; PCG Clean Energy and Technology Fund; and Solon AG. The transaction is expected to close by the end of the month.

By Antone Gonsalves InformationWeek

Full Story: http://www.informationweek.com/news/ ... D=208700230
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