Frost & Sullivan Recognizes REC for Creating the Highest Value for Customers in the Solar Power Market

Frost & Sullivan Recognizes REC for Creating the Highest Value for Customers in the Solar Power Market PR Newswire MOUNTAIN VIEW, California, July 18, 2012 - The company has gained a competitive edge by identifying operational and customer improvement opportunities while leveraging technological innovation MOUNTAIN VIEW, California, July 18, 2012 /PRNewswire/ -- Based on its recent analysis of the solar power market, Frost & Sullivan recognizes Renewable Energy Corporation ASA (REC) with the 2011 Global Frost & Sullivan Award for Customer Value Enhancement for leveraging its proprietary Fluidized Bed Reactor (FBR) technology and automated solar production processes to make solar power solutions more accessible to customers across the globe. "Compared with retail electricity, solar electricity costs are higher," said Frost & Sullivan Research Analyst Georgina Benedetti. "Reducing the manufacturing costs of solar panels can reduce solar electricity costs and put it on par with conventional sources of electricity generation, thereby increasing its uptake." A dominant player in the global solar power market, REC is active throughout the solar value chain from silicon production through to wafer, cell and module production as well as systems development. Through innovation, operational excellence, and industry-wide expertise, REC has become a highly competitive solar energy solution provider that creates enhanced value for its customers.