Tuesday, December 27, 2011

Wake Forest considers renewable-energy plant that could create up to 200 jobs

A startup company wants to shine a brighter light on renewable energy with a potential $25 million manufacturing plant that could produce up to 200 jobs. Camel City Solar, formed in September, is the latest version of an entrepreneurial spinoff from Wake Forest University's Center for Nanotechnology and Molecular Materials. Most of Camel City's research is being contracted through the center.

The company, based in Villanova, Pa., is trying to commercialize an optical fiber-based design for solar cells for uses ranging from solar farms and heat pumps to rooftop tiles.

CEO Bob Summers said he plans to request local and state incentives during the first quarter to help Camel City obtain a plant with manufacturing space ranging between 50,000 and 100,000 square feet. The company expects to look at plant sites in January with the expectation of moving forward with manufacturing by the end of March. More.

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