WASHINGTON EDA veteran Prabhu Goel is launching a solar photovoltaic startup.
Signet Solar Inc. (Palo Alto, Calif.) will focus on designing and manufacturing photovoltaic (PV) modules based on silicon thin-film technology. The company said a key goal for its PV modules to achieve "grid parity" equal to or cheaper than current grid power by 2010.
Signet Solar said it is establishing its first production line and R&D center near Dresden, Germany. Construction is scheduled to begin there in mid-June.
PV module production will ramp up by mid-2008 on a production line that will be equipped by Applied Materials Inc. (Santa Clara, Calif.).
"The real driver for the $10 billion solar PV industry is cost-per-watt," Rajeeva Lahri, co-founder, president and CEO of Signet Solar, said in a statement. "We will combine U.S. technology and German engineering to achieve a benchmark PV module manufacturing cost structure."
Goel, a venture capitalist and leader of the team that invented the Verilog hardware description and simulation language, will serve as chairman of the solar startup.