Friday Dec 09, 2022

Solar firms vie to outshine competitors – Plastics News

John Rhee, the new CEO of SolarWindow Technologies Inc., has promoted and hired former senior executives of multinational conglomerate LG Corp. to lead the Scottsdale, Ariz.-based company into manufacturing.

Last month a holding company owned by Rhee and his immediate family acquired nearly 72 percent of SolarWindow, which developed transparent coatings and processes to generate electricity on glass, plastics and film from natural, artificial, low, shaded and reflected light. The technology, which is branded as LiquidElectricity, transforms ordinary surfaces into photovoltaic devices, or electricity-generating products.

The manufacturing process uses low-cost, high-speed roll-to-roll and sheet-to-sheet processes similar to producing tinted window films and printed electronics.

Company officials haven’t disclosed yet where SolarWindow products will be manufactured.

SolarWindow is entering the production phase as competitors make headlines, including GAF Solar and its nailable solar roof shingles and LG Solar USA for its NeON-brand modules supplied for a showcase residence of the National Association of Home Builders.

Rhee announced recently In Jae Chung was promoted to chief technology officer. He previously was CEO at LG Fuel Cell Systems and CTO at LG Display, which is a business unit reporting more than $20 billion in annual sales and supported by more than 15,000 patents.

Rhee also hired Chulwoo Kim as the global director of technology and product innovation, which is the position Chung held previously. Kim formerly served as vice president at LG Electronics and vice president of LG Display, where he oversaw some 20,000 employees and $10 billion in production volume for complex manufacturing of certain technology products.

“SolarWindow strengthens our position with the leadership of [Chung and Kim], who at LG pioneered manufacturing methods, engineered state-of-the-art production lines and collectively oversaw 50,000 employees to produce over $30 billion in technology products,” Rhee said in a news release.

Rhee, who also was elected chairman of the SolarWindow board of directors, continues to serve as managing director of Light Quantum Energy Holdings as well. The holding company acquired the SolarWindow shares on a fully diluted basis from Kalen Capital Corp. and its subsidiaries in a privately negotiated deal.

During his earlier tenure as president of SolarWindow, Rhee built SolarWindow operations in South Korea and introduced LiquidElectricity. He succeeds Jatinder S. Bhogal as chairman and CEO. Bhogal now is a SolarWindow adviser.

Source: https://www.plasticsnews.com/news/solar-firms-vie-outshine-competitors

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