GE, First Solar to begin technology partnership

8/6/2013

TEMPE, Ariz.— General Electric Co. and First Solar Inc. on Tuesday announced a technology partnership to advance thin-film solar cells and modules. First Solar, which was founded in Toledo as Solar Cells Inc., has acquired GE’s global cadmium telluride solar intellectual property portfolio to further the advancement of photovoltaic thin-film solar technology.

GE received 1.75 million shares of First Solar common stock as part of the transaction.