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08/21/2008 07:55 AM

Honda May Begin Exporting Solar Modules

SustainableBusiness.com News

Honda Motor Company (NYSE: HMC) may begin exporting solar modules after completing the planned expansion of it's solar manufacturing facility later this year, according to a Reuters report.

The company intends to increase its annual capacity to 27.5 megawatts (MW).

Honda's solar subsidiary Honda Soltec Co. began producing photovoltaic solar modules in October 2007. The solar modules incorporate copper, indium, gallium and selenium, as opposed to traditional panels produced from silicon. 

The company reportedly has sold 3-kilowatt systems domestically to about 100 households for 3 million yen--the equivalent of about US$18,200.

Honda also intends to use solar cells in a U.S. test project for next-generation gas stations that would use solar power to produce hydrogen from water for powering fuel cell vehicles, such as Honda's FCX Clarity.

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