Smaller, cheaper solar built in Oakland County

Two big time execs team up to to research and build a smaller, cheaper solar power cell right in Oakland County.

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"We have developed a number of breakthroughs and we have full-patent protection," said Stempel, who added that the initial research was carried out at Ovshinsky Innovations, the small company Ovshinsky created after leaving ECD.

The key to the new process is that it uses less material. It's also faster and can run 24/7, helping drive down the cost of the finished product. "Cost is the key in solar business," Stempel said.

"We have a proof of concept but people want to look at the production system before they invest,"  Stempel said. "Stan is a master at that."

The solar panel company also has now been spun off from Ovshinsky Innovations and has been moved to a site in Troy where a small team of handpicked employees has been working on the project.

The goal ultimately is to launch the new company, Ovshinsky Solar, and make solar panels in Oakland County for a broad market, Stempel said. "We're hoping to be able to make that happen," he said.

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