GE said a thin-film solar panel under development has been independently certified as the most efficient ever, and that it intends to manufacture the record-setting solar panels at a new U.S. factory. The factory, which will have the capacity to produce enough panels to power 80,000 homes annually, will be part of a $600 million-plus investment GE plans to make in solar technology. Multiple locations for the factory are now under consideration.

The record-setting panel was produced by GE subsidiary PrimeStar Solar Inc., Aravada, Colo., and was tested by the Colorado-based National Renewable Energy Lab (NREL) to have 12.8 percent aperture area efficiency. GE said this panel surpasses all previously published records for cadmium telluride (CdTe) thin film, and that a one-percent increase in efficiency is equal to an approximate 10-percent decrease in system cost.

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