Kaneka is a Japanese company which is present in a number of product categories like chemicals,functional and expandable plastic products, foodstuffs, life science products and synthetic fibers.However the main focus of the company is in Thin Film Solar Panels.Kaneka has been developing amorphous silicon thin film technology since 1980 and has advanced manufacturing into developing higher efficiency tandem microcrystalline silicon solar panels.The company also sells transperant see through solar panels.Note Thin Film Technology is facing existential threat from the rapid price reduction in the mainstream crystalline silicon technology which comprises about 85% of the global solar panel market.Kaneka sells its solar modules under the HYBRID brand name which refers to its hybrid tandem thin film silicon technology.Note other companies like Sanyo,Mitsubishi.Oerlikon have also developed this form of technology which gives higher efficiency solar panels as it captures a bigger part of the solar spectrum.
Amorphous Silicon Solar Panels were the big rage in 2-3 years ago when the prices of polysilicon the main raw material were touching $500/kg making the mainstream crystalline silicon solar panels very expensive.Amorphous Silicon (a-Si) on the other hand is a non-crystalline silicon which is deposited as an extremely thin layer on glass and other substrates.The cost of the silicon is much lower though the efficiency of solar cells which are made from a-Si is about half of those made from crystalline silicon.Applied Materials with its SunFab turnkey amorphous silicon (a-Si) equipment capitalized on this opportunity, lining up a number of customers with some customer orders in the range of a Billion Dollars.Oerlikon Solar was the other major thin film equipment market winning customers in Europe and China.Sky high poly prices also gave birth to numerous Thin Film startups planning to Manufacture and Use their own equipment rather than selling it .