XSUNX - die Technik der Zukunft

Solarenergie ist nicht gleich Solarenergie..... Der beste Beweis ist XSUNX, die mit Ihrer Technik eine Marktlücke erschließen, die noch unvorstellbares Potenzal in sich birkt. Der aktuellen Anstieg geht auf einen Fachzeitschriften Bericht in den USA zurück. Endlich wird das wahre Potenzial der XSUNX Technologie erkannt, denn diese Technik wird die Solartechnik revolutionieren und die Architektur verändern.! Hier der Artikel: XsunX's Breakthrough Thin-film Technology Featured in RECHARGE Magazine Internationally-renowned Renewable Energy Publication Highlights "Novel Manufacturing Technique" of California Company Sep. 8, 2009 (PR Newswire) -- ALISO VIEJO, Calif., Sept. 8 /PRNewswire-FirstCall/ -- XsunX, Inc. (OTC Bulletin Board: XSNX), the developer of a breakthrough cross-industry solar cell manufacturing technology, was spotlighted in a two-page article in the "Innovation" section (Pages 18-19) of the August 28 edition of RECHARGE Magazine. The piece, titled "Turning gigabytes to megawatts" details the company's focus on developing a unique new cross-industry technology that combines state-of-the-art manufacturing technologies from the Hard Disc Drive (HDD) industry with proven thin-film solar processes, creating the opportunity to use the excess production capacity of the HD industry to manufacture high-efficiency, low-cost CIGS solar cells. Authored by seasoned reporter Darius Snieckus, the article reports on the company's unique approach to commercialization of CIGS cells by noting, "The notion of mass production of small CIGS cells runs against the grain of thin-film industry convention, which continues to push ahead with large-area manufacture substrates and roll-to-roll deposition methods. XsunX, by contrast, believes a small system footprint will result in a higher yield production." "Monolithic integration. . .has created a blind spot among technologists where they don't bother to look outside the box," says Tom Djokovich, chief executive officer of XsunX, Inc. "The truth is that the pressure of the credit freeze last year gave birth to this unique idea that is poised to revolutionize the solar industry. We are confident that we'll be able to bridge the gap between inexpensive thin-film and high-efficiency silicon wafer technologies to produce solar cells for multiple market segments and applications. This kind of coverage for XsunX demonstrates the immense potential that the sector sees in our technology." RECHARGE Magazine (www.rechargenews.com) delivers news from wind, solar, hydro, biofuels, wave and tidal and geothermal power on a weekly basis to an international audience of high-level industry professionals. For more information about XsunX, please visit XsunX Web site: http://www.XsunX.com. Safe Harbor Statement: Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. SOURCE XsunX, Inc. Source: PR Newswire (September 8, 2009 - 6:00 AM EDT)

- ansonsten gab es ja genügend vorhandene  

XSUNX wird von den Analysten "gefunden". Das Warten hat sich also gelohnt. Ich habe seit 3 Jahren bei XSUNX, keinen so schönen Chart gesehen.

 

aber einen in der Tat guten Zeitpunkt erwischt hat, eine neue "Xsunx Info-Aera" einzuleiten, denke ich es wäre begrüßenswert, wenn denn absofort hier die Beiträge "gesammelt" würden, damit man nicht unnötig mehrere Threads durchforsten muß.

Xsunx läuft heute (wie gestern) gut!  

aus dem Depot geschmissen bevor sie gar nichts mehr Wert sind :-)
...nach 1.5 Jahren.  

Späßle: "die Polizei informiert"

: alle sachdienlichen Hinweise waren hier zu finden ...



Was wolltest du denn gescheites mit diesem Posting sagen ?
Wohl einfach nichts.



www.ariva.de/XSun_wann_kommt_der_naechste_Anstieg_t260004#bottom  

was gescheites fällt mir nie ein.
Bin heute einfach mal so drauf, dass ich mir "freien Lauf" ließ.

Bin aber der Meinung, dass ich das nicht unbedingt mit dir diskutieren sollte.

Viele Grüße  

immer noch nicht auf 2,90 ?  

Wenn die Analysten und Anleger das Potenzial der Firma und deren Produkt erkennen, dann sind 2,90$ nur ein Kursziel, das man schnell hinter sich lassen wird. Ich bin der Meinung, das die XSUNX das gleiche Potenzial wie eine Solarworld hat (die fing bei ca.0,20€ an). Ich sage nur das es Millionen Quadratmeter Glasscheiben gibt, die Richtung Süden zeigen. Wenn man sich anschaut, was alles getan wird, um solche Südseiten vor Sonneneinstrahlung zu schützen, dann stelle man sich mal vor, das eine Glasscheibe von XSUNX da drin steckt. Diese würde nicht nur den Raum vor intensiver Sonneneinstrahlung schützen, Nein sie würde diese noch in Energie umwandeln. Ich bin der festen Überzeugung, wenn die Architekten diesen "Baumaterial" für sich entdecken, dann wird es kein Halten mehr geben. Wenn man das neue Gebäude in NY mit den Glasscheiben von XSUNX ausstatten würde, dann reicht die Energie locker für die eigene Primärtechnik, wie Fahrstühle, Klimaanlage usw. Flexible Solarschichten, Also ein Autolack mit dieser Technik und Solarmobile bekommen ein ganz neues Gesicht! Stellt Euch die Riesigen Tanklager vor, die Wände in Richtung Süden könnte man damit beschichten und so Energie gewinnen. Die Einsatzmöglichkeiten sind doch schier unbegrenzt. Eine günstige Produktion und hohe Effizienz stehen für einen großen Erfolg.

Aber dies braucht auch Zeit und zu forschen und zu entwickeln. Nun sind die ersten Ziele erreicht und der nächste Schritt ist die Patentvergabe und dann kann es los gehen mit flexiblen, billigen und hocheffizienten Solarbeschichtungen.

Nun ich kann nochmal 3 Jahre warten. IN 5 Jahren steht die Aktie bei über 10€ und macht manche zum Millionär....

Wenn man sich die Umsätze anschaut und ins Jhar 2007 zurück geht, kann man sehen, das dieser Kursverlauf bis 2,50$ gehen  kann.
Wer zocken will, der sollte acht geben, denn nach einem Verkauf, kommt er nicht mehr so schnell günstig rein.

Wenn die Zahlen und Zukunftsprognosen raus kommen, dann wird es hier die 30 - 50 Cent Grenze sprengen.
Ich denke das Jahr 2010 wird ein XSUNX Jahr.

Man kann beim RSI und MACD Anfang 2006 sehen, das dieser Ausbruch im Oktober 2009 genauso beginnt, wie der Anstieg 2006.

 

Hier sieht man nun den MACD Ausbruch (blau) und die rote Kaufsignal Linie!

ohne weitere Worte. Korrektur von heute morgen. die 0,30€ sehen wir diesen Monat oder sogar diese Woche schon.

 Quelle: Get Ready for Affordable Thin-Film Solar Technology

 

The last year has been a tough one for the solar energy sector. Anyone who owns companies like First Solar (Nasdaq:FSLR) SunPower Corporation (Nasdaq:SPWRA) and Suntech Power Holdings (NYSE:STP) has surely "felt the heat" if you'll excuse the pun.

Even those who chose the more diversified ETF route like the Market Vectors Solar Energy ETF (NYSE:KWT) saw their shares fall from around $41 to slightly above $7. Since the lows KWT has recovered to slightly above $16.

What will help the proliferation of solar energy as much as anything is making it as affordable as the conventional sources of electricity that are fueled by the not-so-environmentally-friendly substances like coal and oil.

Recently I interviewed Tom Djokovich, the CEO of XsunX Solar Products (XSNX.OB) and what I discovered gave me great hope for the future affordability and sustainability of solar energy around the globe.

XsunX is using its thin-film photovoltaic (TFPV) process knowledge to revolutionize the solar industry by combining state-of-the-art, sophisticated, magnetic media thin-film manufacturing technologies used by the hard disc drive industry with proven thin-film photovoltaic processes.


This mass production, cross-industry technology breakthrough will increase cell efficiency, improve production speeds and yields, and dramatically lower the cost for solar cells. XsunX’s novel approach bridges the gap between inexpensive thin-film and high efficiency silicon wafer technologies to produce solar cells for multiple market segments and a wide variety of applications.

The mass production of individual, high performance, flexible solar cells – like solar building blocks – will allow solar power to finally compete effectively against other sources of electrical energy.

Tom Djokovich, XsunX CEO commented in a press release on 7/20/09, “High efficiency flexible CIGS solar cells provide an immense opportunity for use in multiple market segments. They are like solar building blocks for a wide variety of applications including use as a virtual drop in replacement for costly silicon wafers. This is a vast market opportunity to replace aging technology. Working with a proven manufacturer of HDD systems and the National Renewable Energy Laboratories will not only accelerate our progress, but will also increase the value of the technology to the industry.”

Tom believes there really is a lucrative demand for TFPV and that the solar industry is waiting for the kind of technology (acronymn is CIGS) that is U.S. made, highest in energy efficiency and very cost effective. The kind of thin-film PV solar cells XsunX wants to help create will be "drop in replacements for silicon wafers...have a wide variety of applicatons, including the creation of huge solar panels and modules for applications that need greater amounts of solar power.



A company like XsunX is hoping to find what the CEO called “Hybrid joint-venture relationships [on sort of a royalty basis], that are manufacturing partners." This will allow the production costs to be minimized while allowing for a quicker time for production, marketing and utilization.

I asked Tom,  "What kind of potential manufacturing partners are you looking for? He anwered that a good fit would be any company that wants to replace the “silicon-wafer manufacturing process” or companies in the high disk drive manufacturing business [think Seagate Technology (NYSE:STX) although Tom didn't mention them by name]  would be good potential manufacturing partners.

Also, companies that want to make solar cells, or companies that want to diversify, such as international energy companies such as BP (NYSE:BP) or Royal Dutch Shell (NYSE:RDS-B).

"The solar industry has failed to take what works in the laboratory to the factory floor. We can have both commercial scale and high-efficiency by dramatically lowering the cost for solar cells" Mr. Djokovich asserted. The CIGS technology that XsunX has developed "holds the world record for TFPV efficiency".

"Cross-industry technology may soon utilize the excess manufacturing capacity of the hard disc drive industry to mass produce low-cost solar modules" he reiterated. I asked "How far away is XsunX from actually manufacturing thin-film CIGS solar wafers?"

His answer surprised me. "Our goal is a 9-10 month, two-phase plan. We hope to have working samples within 10 months."  

I also asked the following questions, which I've summarized for brevity's sake:

How is the economic situation impacting your quest for success?



Over-production has occurred in the solar industry over the past few years. In 2008 it made it harder to finance solar projects.  Now that the credit market has thawed somewhat, demand is still there, but not for low-efficiency products. The solar energy market wants a high-efficiency product and can ask a premium price for those products. XsunX is hoping that investors and partners will realize that and subscribe to their vision.

 

What is the Greatest Financial Concern and Challenge XsunX faces:



Financing and available credit is a challenge. The good news is that the CIGS process needs 75% less capital (R&D capital and operating capital) so our new business model is more affordable and better fitted for the current economic environment.



Tom ended our interesting discussion by reminding us; “To the investor: The solar sector is full of opportunity, but there is no technology panacea or superior, single technology that will dominate 100% of the marketplace. I get asked sometimes 'Will your solar technology work for 20 years?' The short answer is “yes” but long before 20 years is up there will be new and better technologies that we are committed to developing, inventing and adapting.”



He summarized the challenge facing the solar industry going forward, defined the problem and shared the solution:
The Need- -Attaining Grid Parity

Costs for solar power must be reduced to well below $1 per watt for it to be competitive with grid electricity (grid parity).  By rapidly commercializing breakthrough thin-film photovoltaic technology, XsunX strives to provide a true, low-cost sub $1 per watt solution to the industry, while also assisting in bringing about new revenue opportunities for the already mature hard disc drive industry by using its excess manufacturing capacity to mass produce high efficiency, low cost solar cells.

The Problem

The solar industry is relatively new. Growing government mandates and sponsorship is enabling many in the industry to work to establish large scale, low cost solar cell manufacturing capacity.  Even though significant investments have been made, in reality compared to other energy sources, solar still requires massive investments to create much-needed solar cell manufacturing infrastructure. Today the power of the sun, without government subsidies, still cannot compete effectively with conventional sources of electrical energy.   A more efficient manufacturing process is needed that does not sacrifice the efficiencies of solar cells as these manufacturing systems increase in scale.  This new process must:

● Reduce the cost of infrastructure
● Increase per square foot manufacturing facility output
● Break the barriers to large area high efficiency thin film modules
● Leverage existing manufacturing infrastructure to reduce time-to-market

The Solution

Few industries have successfully improved quality and simultaneously reduced costs as effectively as the hard disc drive (HDD) industry.  Unfortunately the production of thin film solar cells has been very disappointing as it has failed to deliver the same manufacturing efficiencies as the HDD industry. Global solar module production is still dominated by the production and use of more costly five-inch square silicon wafers. To solve this problem and provide existing silicon wafer users and thin film manufacturers with a high performance, low cost solution, XsunX is combining HDD manufacturing techniques with our customized TFPV processes.

The well-established and very mature hard disc drive industry has enormous magnetic media thin-film manufacturing capacity available to produce massive quantities of hard disc drives.  Due to the over-building of manufacturing plants and the downturn of the global economy, the HDD industry is in need of another way to utilize its excess manufacturing capacity. This existing HDD infrastructure represents more than 3 Gigawatts of annual output if hard drive media were replaced with solar cell manufacture.

"We at XsunX believe that this it is not only possible, but it is in the best interests of both industries to move forward in combining the two processes.  The HDD industry is fully mature and has already proven that it knows how to cost-effectively produce silicon wafers, while the thin-film photovoltaic process is one that most in the industry agree is the best method of manufacturing solar panels.

" By combining the two, XsunX believes it has the potential to revolutionize the solar industry and make it cost-effective to pursue this method of energy production.  And, in so doing XsunX will create a new category of solar manufacturing."

You can learn all about XsunX, their technologies, plans and vision for building a "Green Future" through solar power by going to their very attractive and easy-to-read site at http://www.xsunx.com/Default.aspx

It sure looks like the cost of solar energy is about to become very competitive, and that bodes well for those of us who believe in the desperate need for alternative, sustainable, earth-friendly forms of energy and power.

Disclosure: I do not own any of the companies, stocks or funds mentioned in this article.

Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please remember investments can fall as well as rise. And they will! - Advanced Investor Technologies LLC accepts no responsibility for any loss or damage resulting directly or indirectly from the use of this content.
 

ist ein wahrhafter traum.
wer nicht an sie glaubt, sollte sich dann auch nicht später
darüber ärgern den zug verpasst zu haben.
glaube aber, dass morgen gewinnmitnahmen kommen werden,
der chart hat mir das zugeflüstert.
also alle die noch mitfahren wollen morgen einfach mal zuschauen
und dann zupacken.  

Umsätzen und einem Kurs von über 0,20$ ins Wochenende. Das war doch schon mal eine Erfolgreiche Woche. Die Umsätze stimmen und der Kurs ist entgegen des Branchentrends nicht nach unten gegangen. Alles in allem sieht es recht gut aus. Nun sollten die Analysten die XSUNX noch ein wenig mehr beachten und somit auch bekannter machen, dann wird die Aktie auch Ihren fairen Preis erreichen. Ich denke nicht das wir die 2,90$ dieses Jahr sehen, aber mir reicht es aus, wenn wir sie Ende 2010 sehen. Das Jahr 2010 wird das XSUNX Jahr.

vielleicht ein silberstreif am horizont.  

weiter soooooooooooo  

wohl wieder Leben in die Bude zu kommen.  

Ein Beitrag von Schott Solar! Dieser zeigt aber die Zukunft in Amerika zum Thema Solarstrom!

SCHOTT Solar Barometer 2009: Mehrheit der US-Amerikaner befürworten Einsatz und Ausbau von Solarenergie

US-Regierung soll hohe Priorität auf Weiterentwicklung von Erneuerbaren Energien legen, sagen 77 Prozent der US-Bürger
Hälfte aller Amerikaner denkt über Investition in Solarstrom nach

92 Prozent der Amerikaner unterstützen die Entwicklung und Förderung von Solarenergie. Dies ist das Ergebnis des SCHOTT Solar Barometers, einer repräsentativen Online-Umfrage, die die SCHOTT Solar AG und der US-amerikanische Dachverband für die Solarindustrie SEIA (Solar Energy Industry Association) zum zweiten Mal durchgeführt haben. Die Ergebnisse repräsentieren ein klares Bekenntnis der US-Bürger zur Solarenergie, das auch schon bei der Umfrage 2008 deutlich spürbar war.
 

Quelle:

US-Regierung soll hohe Priorität auf Weiterentwicklung von Erneuerbaren Energien legen, sagen 77 Prozent der US-Bürger Hälfte aller Amerikaner denkt über Investition in Solarstrom nach.

davon profitieren wird.

mc

auch Schott Solar ist dabei. Die Redner liste liest sich ja wie "Crem d la Crem" (mein franz. ist übel ;-) ) der Solarindustrie! 2nd Thin

Film Solar Summit US am 1-2.12.2009 in San Francisco

http://www.thinfilmtoday.com/us/index.shtml

 

Nur mal so ein Auszug der Redner 

Schott Solar !

XSUNX

Centrotherm Photovoltics

nur mal die Deutschland bekannten zu nennen (XSUNX - hier als Redner)

NUN, ich kann nur sagen, das am 3.12.2009 die Richtung von XSUNX nur nach oben zeigen sollte. Wenn hier am 1-2.12.2009 in SF nicht Verträge und oder Partnerschaften geschlossen werden, dann ist denen da auch nicht mehr zu helfen.

Indien hat ein BIG Solarprogramm beschlossen und wird sicher auf dieser Konferenz vertreten sein. Centrotherm kann als Lieferant davon profitieren, Schott Solar und XSUNX mit Ihren Technologien.

Also schöne Woche...

 

Hier mal die Liste der Redner:

Expert Speakers                        

       
• US Department of           Energy , John Bartlett, Financial Analyst, Solar Energy           Technologies Program
       
• First Solar, Benny Buller, Director           of Device Improvement
       
• Uni-Solar, Subhendu Guha, Senior VP, ECD &           Chairman
       
• Ersol Thin Film, Christian Koitzsch, MD
     

     

       
• Signet Solar, Rajeeva Lahri, CEO
       
• PrimeStar Solar, Brian Murphy, CEO
       
• Moser Baer, Rajeewa Arya, CEO
       
• Ascent Solar, Joe Armstrong, CTO
       
• Kaneka, Koshiro Kawaguchi, Marketing Manager
       
• Abound Solar, Russ Kanjorski, VP of Marketing
       
• SCHOTT Solar, Tom Hecht, VP           Marketing & Sales US
       
• SoloPower, Mustafa Pinarbasi, VP           of Technology
       

• Applied Materials,             Christopher Beitel, MD

       
• Oerlikon, Scott Graybeal, Head of Global Sales           and Marketing
       
• Centrotherm, Sohaila Setayesh, Sales Director
       
• NREL, Dr Harin Ullal, National Centre for Photovoltaics
       
• XsunX, Robert Wendt, VP of Engineering
       
• Barclays Capital, Vishal Shah, Senior Analyst,           Renewable Energy Solar
       
• Jane Capital Partners LLC, Neal Dikeman, Partner
       
• Navigant Consulting, Paula Mints, Principal           Analyst PV Services Program
       
• Xunlight, Xunming Deng, CEO
       
• Techcet Group, Lita Shon-Roy, Senior Managing           Partner
       
• Linde Electronics, Anish Tolia, Head of Market           Development - Americas
       
• Chadbourne & Parke LLP, Kenneth Hansen, Partner
       
• Air Products, David Tavianini, PV Global           Marketing Manager
       
• Lux Research, Ted Sullivan, Senior Analyst
       
• Komax Solar, Stefan Kaufmann, Head PM &           Technology
     

XsunX Reports on Executive Attendance at the Thin-film Solar Summit U.S.

We are excited to report that yesterday, XsunX's Chief Technology Officer, Robert Wendt, presented XsunX's novel manufacturing approach of Copper Indium Gallium diSelenide (CIGS) thin-film solar cells at the second annual Thin-film Solar Summit U.S. in San Francisco. Held at the Hotel Nikko San Francisco, the summit has become a prestigious event attracting a wide array of solar industry professionals from engineers and scientists to manufacturers and project developers.

Joined on stage by a panel of distinguished members of the thin-film solar community, Mr. Wendt explained to an audience of nearly 200 scientists and industry peers, aspects of the engineering, processing methods and science behind the rapid single cell manufacturing of thin-film CIGS cells using equipment adapted from the Hard Disk Drive industry.

During his presentation, Mr. Wendt delved into the benefits of XsunX's technology citing low risk, speed to market and economic viability as the main reasons why he believes XsunX will revolutionize the thin-film solar cell manufacturing industry.

Attendees and panelists alike showed tremendous interest with the content of his presentation, and the feedback we received via the numerous questions and comments was very positive.  Mr. Wendt's presentation is available for viewing on the XsunX website at,   http://www.xsunx.com/news-industry.htm

Through the balance of the commercialization process, we will continue to attend and present at conferences like this one as they provide excellent opportunities for relationship-building and allow us to keep our finger on the pulse of the solar industry. At the same time, we're cognizant of the attractiveness of our manufacturing approach and are being selective about which aspects we reveal and when, to ensure that we retain our competitive advantage."

These are exciting times at XsunX and we thank you for your continued support of XsunX. As new developments arise, we look forward to sharing them with you.  In the meantime, if you have any questions, please contact our Investor Relations desk at investors@xsunx.com or (888) 797-4527.

Yours Truly,
Tom M. Djokovich, CEO
XsunX, Inc.  

Letter to XsunX Shareholders:

It is with great pleasure that I announce to you the completion of our first fully-functional CIGS thin-film solar device. Through the vigilant efforts of our team of engineers and business partner, the initial iteration of this new hybrid device was executed according to our business plan, which outlined a year-end deadline for this stage of our development.

We've come a long way very quickly from when we first announced our exciting new business direction to adapt the manufacturing processes from the Hard Disk Drive (HDD) industry to thin-film CIGS solar technologies back in July 2009.  As I mentioned then and what I still firmly believe now is that this strategic change not only helps drive the industry with innovative, new technology but also has the promising potential to bring solar to well below $1 per watt, thereby making solar a viable alternative in the energy field. Standing in contrast to our previous business model, this new approach is welcomed for dramatically reducing our capital requirements and lessening the need for potentially dilutive financing.

Now, reaching this milestone according to plan further strengthens our belief that we're uniquely positioned to benefit from the tremendous growth anticipated in the thin-film PV market over the next decade. Our belief in our plan stems from the fact that this technology addresses several  fundamental factors that previously plagued the sector: scalability, performance, and cost. The information provided to date, indicates our hard disk drive industry-inspired technology has the potential to  rapidly scale manufacturing capacities, improve solar cell performance,  and aggressively reduce costs.

Our CIGS solar cells are deposited on stainless steel wafers, similar in size to silicon wafers used in nearly all solar modules manufactured today, leveraging a well proven format with tremendous existing assembly capacities already in place. The high efficiency CIGS solar cells we are developing provide an immense opportunity for use in multiple market segments. XsunX envisions these thin film wafers as the solar building blocks replacing existing silicon wafers and believe that they are a virtual "drop in" replacement for the costly and unpredictable silicon wafer costs. This is a vast market opportunity to replace aging technology.

As we proceed forward, we continue to measure results and refine engineering designs that will help complete the adaption of Hard Disk processing equipment for use in the production of CIGS thin-film solar cells and we will continue to report to you about our progress.

We're proud to have achieved the progress that we anticipated in this stage of development, and we plan to announce this milestone to the media after the first of the New Year.  Important work still lies ahead, and this completed sample is a crucial building block to actualize our full business plan.  

..with Approval of New Law

XsunX, Inc. (OTCBB:XSNX), the developer of advanced, thin-film photovoltaic (TFPV) solar cell technologies and manufacturing processes, updates its shareholders on China's latest amendment to its 2006-enacted renewable energy law.

On December 26, China approved a significant amendment to its renewable energy law aimed to "greatly promote a healthy and rapid development of the renewable energy sector and adjust energy structure to strengthen the building of an environment-friendly and resource-saving society," said the country's state-run news agency, Xinhua News.

Passed by China's legislature, the modification requires state-owned electricity grid companies to buy all the electricity produced from renewable energy source regardless of its price compared to electricity produced from coal-fired plants. For those enterprises that fail to buy power from a renewable energy resource within its territory, a fine will be imposed to enforce the mandate.

"China might be one of the world's most populated and most polluted countries, but it's making very significant strides towards reducing its overall carbon footprint through the use to renewable energy like solar and wind," said Joe Grimes, COO, XsunX, Inc. "Many U.S.-based companies could stand to benefit greatly from this new energy law."

China's goal is to increase its use of renewable energy sources to 15 percent of its total by 2020, from 9 percent last year. Last year, China relied on coal for nearly 70 percent of its total energy use.

"The success of this law is contingent on how well China faces the difficulties implementing a smarter electrical grid that can efficiently deliver  power generated from wind and solar, " adds Grimes. "We look forward to seeing how this unfolds and learning from these bold steps towards stopping climate change."