y Nanosolar Communications - February 17, 2012 Investment to fuel new solar plants and growth follows on heels of recent

projects and milestones SAN JOSE, Calif. February 17, 2012 Thin film solar printing leader Nanosolar, Inc. today announced that it has closed $20 million to fund continued expansion as well as newly committed projects. Current investors Mohr Davidow Ventures and OnPoint Technologies, Inc. participated in the round with new investor aeris CAPITAL. We are excited to renew our investment and strongly believe in Nanosolars technology and the teams ability to compete with current market leaders by delivering on its low cost promise, said Erik Straser of Mohr Davidow Ventures. We believe solar printing is the future of low cost harvesting of solar energy, said Erik Oldekop of aeris CAPITAL. We are eager to be a part of Nanosolars growth and validation. Within the last six months, Nanosolar has announced a number of milestones and projects that have helped strengthen its position as the thin film solar cost leader. They include: The appointment of Corrales to CEO as part of a planned transition; A production expansion to a 115 MW capacity; NREL-certified thin film solar cell aperture efficiency of 17.1%; Two new projects with EDF EN in Oregon totaling 3 MW; Two new projects totaling 1.5 MW at National Guard Bases in Ohio and California. This represents the beginning of an exciting new period of growth for Nanosolar, said Nanosolar CEO Eugenia Corrales. With our team firmly entrenched, we will be unveiling new projects and new partners as part of our commitment to deliver the industrys lowest cost thin film solar solution. Nanosolar combines proprietary technology with advanced system design and manufacturing processes to reduce both panel and balance of system costs. Together, these advantages drive Nanosolars mission to be the low cost solar provider, independent of subsidies. For more information about Nanosolar and its innovative solar printing technology, please visit http://www.nanosolar.com. About aeris CAPITAL aeris CAPITAL is a Swiss private investment office, advising a high net worth individual and his foundation, one of Germanys largest charitable foundations. aeris CAPITAL is active in all asset classes, globally. Operating from a sustainable asset base, with a long-term investment horizon, aeris strives to achieve the highest quality standards in all its investment activities, while delivering superior, risk-adjusted returns. About Nanosolar, Inc. Nanosolar designs, engineers, and manufactures innovative thin film solar cells and panels based on printing CIGS (Copper, Indium, Gallium, Selenium) and nanoparticle inks. The companys first product, the Nanosolar Utility Panel, enables competitively priced peak power and installed system economics at utility-scale. With headquarters in San Jose, CA, Nanosolar operates the industrys first roll-to-roll solar cell printing factory in San Jose, California and a panel-assembly factory in Luckenwalde, Germany. For more information, please visit http://www.nanosolar.com.

Eugenia Corrales Named CEO of Nanosolar

By Nanosolar Communications - January 19, 2012 Appointment of Industry Veteran Completes Transition of Top Management Team at Thin Film Solar Printing Innovator SAN JOSE, Calif. Jan. 19, 2012 Thin film solar cost leader Nanosolar, Inc. today announced that Eugenia Corrales has been named chief executive officer. Current CEO Geoff Tate will retire after two years at the company. Mr. Tate recruited Ms. Corrales in May 2010 to serve as the executive vice president of engineering and operations. In this role, she has led the companys transition to a commercial production phase while achieving both efficiency and production capacity benchmarks for Nanosolar. For the past 18 months Corrales has managed all Operations, as well as Engineering, Purchasing and Planning for both the San Jose, California and Luckenwalde, Germany sites. Under Corrales, cumulative shipments have gone from zero to 10MW; and median panel efficiencies are now 11.5%. Ms. Corrales held a number of executive positions including several years as a Vice President at Cisco where she ran all of Product Operations for Cisco-branded products. She was previously responsible for Manufacturing Operations of $7B in router, switching and optical product revenue. Prior to Cisco, Corrales spent 11 years in engineering and R&D management at HP. . Prior to joining Nanosolar, she was founder and VP engineering of two cleantech startups. She holds a bachelors degree in physics from Grinnell College and a masters in mechanical engineering from Stanford University. Mr. Tate, who joined Nanosolar in early 2010, was recruited as an interim CEO with the charter to build an executive team capable of scaling into high volume manufacturing at high efficiencies and low cost. Todays transition is the culmination of that effort. Tate had retired from Rambus in 2006 and is returning to retirement.

I would like to congratulate Geoff on the tremendous progress made during his tenure at Nanosolar, said Erik Straser, Nanosolar board member and general partner, Mohr Davidow Ventures. Eugenias track record at Nanosolar and prior speaks for itself, and this planned transition will allow the company to maintain its momentum and trajectory. We are confident that under her stewardship we can grow the market for Nanosolar Utility panels and expand our global footprint. I am proud of the work weve done positioning the company for its next stage of growth, said Mr. Tate. With Eugenia at the helm, the team and the technology are poised to make giant strides. I am thrilled to lead such a talented team as we leverage this innovative printing technology to fulfill our mission to become the worlds lowest cost cell and panel manufacturer, independent of subsidies, said Ms. Corrales. We will continue to deliver on our stated production goals and efficiency roadmap for 2012.

Nanosolar and EDF Energies Nouvelles Commission Projects Totaling Six Megawatts
By Nanosolar Communications - November 15, 2011 Bordeaux and Oregon projects develop field performance track record from leader in thin film solar printing SAN JOSE, Calif. Nov. 15, 2011 Thin film solar printing leader Nanosolar, Inc. today announced its supply of Nanosolar Utility Panels to two separate installations totaling close to six megawatts (MWp) in partnership with EDF Energies Nouvelles (EDF EN) and its US subsidiary enXco. These projects are the latest result of a long-standing collaboration between Nanosolar and EDF EN. These latest projects to be commissioned with Nanosolar panels are a significant validation of both our close relationship with EDF EN and the lowcost potential of our thin film printing technology, which we believe can fundamentally change the solar and energy industries, said Geoff Tate, CEO of Nanosolar, Inc. EDF Energies Nouvelles continues to be a strategic, collaborative partner to Nanosolar in the development, testing, and installation of our printing technology. Gabardan, France Three MWp of Nanosolar Utility Panels were installed this past summer and commissioned in September as part of a larger EDF EN solar farm in Gabardan, France. ColSun, a joint venture of EDF Energies Nouvelles and Belectric, installed the project using SMA central inverters. This is the first utility-scale installation of Nanosolar Utility Panels by EDF EN. Amity, Oregon A second approximately three MWp Nanosolar Utility Panel installation was constructed this summer and was commissioned in November 2011 near Amity, Oregon. Developed, designed and installed by enXco, the US subsidiary of EDF EN, at two separate sites using Advanced Energy inverters, the projects connect to the Portland General Electric distribution system. Nanosolars thin film printing process and the Nanosolar Utility Panel continue to show great promise for low-cost solar installations, said Pierre-Guy Therond, Head of New Technologies at EDF EN. We continue to support the development and progress of this disruptive technology from the lab through to delivery in the field. Nanosolar Utility Panel Nanosolars innovative, roll-to-roll printing process and utility-scale panel design enables the Nanosolar Utility Panel to significantly reduce both manufacturing costs and balance of systems costs in multi-megawatt installations. In addition, it is the first solar panel to be certified to operate at up to 1500 system volts. These system design features allow for balance of systems cost savings of up to 30 percent over competing thin film solar panels in utility-scale power plants. Nanosolar thin film solar cells are printed at the companys headquarters and manufacturing facility in San Jose, California. The Nanosolar Utility Panel can be assembled close to market demand in order to leverage local resources and minimize logistics costs. For more information about Nanosolar and its innovative solar printing technology, please visit http://www.nanosolar.com. About Nanosolar, Inc. Nanosolar designs, engineers, and manufactures innovative thin film solar cells and panels based on printing CIGS (Copper, Indium, Gallium, Selenium) and nanoparticle inks. The companys first product, the Nanosolar Utility Panel, enables competitively priced peak power and installed system economics at utility-scale. With headquarters in San Jose, CA, Nanosolar operates the industrys first roll-to-roll solar cell printing factory in San Jose, California and a panel-assembly factory in Luckenwalde, Germany. For more information, please visit http://www.nanosolar.com.

Nanosolar Utility Panels Utilized in Ohio National Guard Camp Perry Solar Installation
By Nanosolar Communications - October 12, 2011 Leader in thin film solar printing delivers affordable energy for Americas military bases; Camp Roberts installation planned for early 2012 SAN JOSE, Calif. Oct. 12, 2011 Thin film solar printing leader Nanosolar, Inc. today announced the installation of 538 kWp of its utility panels at the Camp Perry Ohio National Guard Base in Port Clinton, Ohio. Nanosolar partner Romanoff Electric oversaw engineering, procurement and construction of 2,750 Nanosolar Utility Panels as part of the project. The Nanosolar Utility Panels were pre-assembled into cartridges by mounting systems vendor AP Alternatives at its fabrication facility in Ridgeville Corners, Ohio, and then delivered and inserted into pre-driven and laser-guided piers at the project site. AP Alternatives pre-assembly enables a more quick and cost-effective installation with far less panel breakage than with traditional mounting systems. The Nanosolar Utility Panel delivers a low-cost, easy to install solar power alternative for Americas military bases, said Jerry Heminger, VP of Alternative Energy at Romanoff Electric. Nanosolars utility-scale thin film panel design allows us to install equivalent power with fewer panels and less equipment, cabling and people than conventional thin film solar technologies. Nanosolar also announced that it is on schedule to construct its one MWp ground-mount thin film solar installation at the Camp Roberts California National Guard Base near Paso Robles, California with engineering, procurement and construction partner BELECTRIC, Inc. This project is funded by the U.S. Department of Defense ESTCP Program in order to showcase a low-cost, secure renewable energy alternative to fossil-fired power generation. Groundbreaking is scheduled for early January 2012 and the construction of the system is scheduled to take less than three months. "Solar power is an affordable, reliable and responsible source of energy for America's military," said Geoff Tate, CEO of Nanosolar. "Nanosolar is delivering a stable power source to Camp Perry and other military installations that is independent of supply shortages, grid interruptions, and price fluctuations."

Nanosolar Achieves 17.1% Aperture Efficiency Through Printed CIGS Process

By Nanosolar Communications - October 5, 2011 SAN JOSE, Calif. October 05, 2011 Thin film solar printing leader Nanosolar, Inc. today announced that the U.S. Department of Energys National Renewable Energy Laboratory (NREL) has certified an aperture efficiency of 17.1% for a solar cell fabricated using Nanosolars non-vacuum, low cost printing on flexible foil technology. "This achievement demonstrates that a non-vacuum CIGS deposition process can deliver world-class efficiency," said Nanosolar CEO Geoff Tate. "At the same time, Nanosolar's unique roll-to-roll printing process delivers substantial manufacturing cost benefits." Nanosolars mission is to become the lowest cost solar cell and panel manufacturer, independent of subsidies. This is possible because Nanosolars unique thin film printing process enables significant cost savings when compared to conventional vacuum based deposition techniques. In addition, its high-throughput roll-to-roll printing method delivers a higher capital efficiency and better materials utilization. Together, these advantages can give Nanosolar a path to lower manufacturing costs than competing photovoltaic technologies.

Nanosolar Signs Supply Agreements with Strategic Customers

By Nanosolar Communications - April 28, 2011 Leading European installers Belectric, EDF Energies Nouvelles and Plain Energy expand global footprint in partnership with Nanosolar SAN JOSE, CALIF. April 28, 2011 Thin film solar innovation leader Nanosolar, Inc. today announced that it has signed long-term supply agreements for up to one gigawatt of Nanosolar Utility Panel supply with Belectric of Kolitzheim, Germany; EDF Energies Nouvelles of Paris, France; and Plain Energy of Munich, Germany. As several of the largest and most experienced installers of thin film panels in Europe, these long-term strategic Nanosolar partners will utilize the costefficient Nanosolar Utility Panel to expand their solar power plant developments. Each of the supply agreements ranges from a three to six year term, and in total may account for up to one gigawatt of committed module deliveries as Nanosolar achieves its volume and cost targets. Each of the three companies has worked closely with Nanosolar as a strategic partner since 2008. "Nanosolar's commitment to quality, customer relationships, and targeting one of the world's lowest cost solar panels makes it an ideal partner to help us tap into the worlds fastest growing renewable energy markets," said David Corchia, CEO EDF Energies Nouvelles. "Through this partnership with Nanosolar, we look forward to achieving a very competitive levelized cost of energy for our solar installations.

Building the Low Cost Thin Film Leader Nanosolar combines proprietary technology with advanced system design and manufacturing processes to reduce both panel and balance of system costs. Leveraging its competitive CIGS solar cell and panel efficiencies in combination with proprietary printing techniques, Nanosolar can become the lowest-cost panel manufacturer at hundreds of megawatts of production versus gigawatts within the next several years. Nanosolars roll-to-roll printing process allows the company to benefit from the combination of low capital expenditure and high throughput, which results in an extremely low fixed-cost portion of the production cost per watt. This when combined with a panel design that uses less overall materials for production and installation will enable the company to surpass the $.60 per Watt cost threshold within the next several years. Nanosolar will reach an annual production capacity of 115 megawatts by Fall 2011, and expects to at least double capacity each year thereafter. "Nanosolars industrial printing approach to manufacturing its utility-scale panel combined with its lower balance-of-systems costs will allow solar to be cost competitive with fossil fuels," said Bernhard Beck, CEO Belectric. "We look forward to combining Belectrics state-of-the-art, low-cost installation methods with the Nanosolar Utility Panel to further drive down the cost of solar power plants. Nanosolar takes great pride in its commitment to working closely, effectively and in complete collaboration with strategic partners, said Geoff Tate, CEO of Nanosolar. We are honored to sign long-term agreements with three of the worlds leading thin film solar power plant developers, and consider it a validation of our pledge to enable them to better compete within global energy markets.

Nanosolar Adds Retired Energy Executive Kevin Howell to Board of Directors

By Nanosolar Communications - April 21, 2011 SAN JOSE, CALIF. April 21, 2011 Nanosolar today announced that veteran energy executive Kevin Howell was named an Independent Director to the companys Board of Directors. We are thrilled to have Kevin join our Board of Directors, said Geoff Tate, CEO of Nanosolar, Inc. His insights into the energy industry will prove invaluable as we pursue our mission of producing the lowest cost solar power, competitive with fossil fuels. Formerly with NRG Energy, Mr. Howell most recently served as that companys Regional President for NRG Texas. In this role, he was responsible for managing NRGs Texas operations, its more than 2,600 employees, and powering more than nine million homes across the state using a diverse portfolio of electrical generation that included nuclear, wind, gas, and coal. In addition to other executive roles at NRG, Mr. Howell also served as President of Dominion Energy Clearinghouse; in a number of executive positions within the Duke Energy companies; and in a variety of trading, marketing and operations functions at MG Natural Gas Corp., Associated Natural Gas, and Panhandle Eastern Pipeline L.P.

Nanosolar Announces New Efficiency Benchmarks and Industry Partnerships

By Nanosolar Communications - April 6, 2011 NREL and ISE certify new panel and cell efficiencies; Munich Re provides warranty insurance backstop Thin film solar innovation leader Nanosolar, Inc. today announced new efficiency benchmarks of 11.6 percent for the Nanosolar Utility Panel and 13.9 percent for its printed CIGS (Copper, Indium, Gallium, Selenium) solar cells, as measured by the Fraunhofer Institute for Solar Energy (ISE) and the National Renewable Energy Laboratory (NREL). The company also announced an agreement for panel warranty insurance with Munich Re, and membership in European panel recycling organization PV Cycle. Our mission is to produce the most cost efficient solar power possible, said Geoff Tate, CEO of Nanosolar, Inc. We are doing this through our printed CIGS technology, innovative panel design and sound manufacturing decisions that lower panel costs in tandem with balance of system costs.

Efficiency & Volumes

Nanosolar prints its proprietary CIGS and nanoparticle inks directly onto low-cost aluminum foil, both faster and more cost-effectively than with traditional high-vacuum manufacturing equipment. Both NREL and ISE recently measured these solar cells at slightly below 14 percent efficiency. Leveraging the latest in robotic manufacturing practices, Nanosolar assembles these electrically-matched, all-back-contact thin film solar cells into uniform, high quality solar panels using its efficient and cost-effective metal wrap through process at assembly factories that can be located at the point of panel demand. Nanosolar will reach an annual manufacturing capacity of 115 megawatts by Fall 2011. Nanosolar is currently shipping 10 percent efficient, 200W panels in volume with plans to reach 11 percent and 12 percent efficiencies in volume within the next 12 months.

Significant Balance of System Savings

Unique design choices enable the Nanosolar Utility Panel to significantly reduce mounting hardware costs, wiring cable volume, and required installation labor in multi-megawatt installations. The Nanosolar Utility Panel has two pieces of durable, tempered glass versus one tempered glass sheet for most thin film panels, uses two edge connectors as opposed to a standard junction box, and produces more power and operates at a far lower voltage than standard thin film panels. In addition, it is the first solar panel to be certified by TUV to operate at up to 1500 system volts. These unique system design features allow for balance of systems cost savings of up to 30 percent over competing thin film solar panels in utility-scale power plants.

Panel Warranty Insurance

Nanosolar recently signed a panel warranty insurance policy with Munich Re in preparation for future multi-megawatt installations and panel bankability. The panel warranty insurance policy covers Nanosolars 2011 factory production and serves as a backstop to Nanosolars 25-year limited performance panel warranty. Through our extensive due diligence process, we were impressed with the quality and controls in the Nanosolar manufacturing process, said Christian Scharrer, Head of Green Tech Solutions, Special Enterprise Risks at Munich Re. We are confident in standing behind the Nanosolar Utility Panel as a credible and bankable technology for low cost utility-scale solar installations.

Leading Panel Sustainability

As part of its commitment to an effective waste management and recycling policy for the company and its partners, Nanosolar has joined PV Cycle, the leading European organization committed to responsibly recycle solar panels. The Nanosolar Utility Panel has one of the industrys lowest carbon dioxide and toxic emissions lifecycle footprints, and its energy payback time is less than eight months. Together, these announcements establish the Nanosolar Utility Panel as a leading choice in thin film, utility-scale solar, continued Mr. Tate. We will soon announce strategic supply agreements with a number of solar power plant developers and installers that will leverage Nanosolars ability to drive down the cost of solar power." For further information, please contact press@nanosolar.com.

Beck Energy and Nanosolar Complete 1.1 MW Solar Power Plant

By Nanosolar Communications - October 13, 2010

Nanosolar is pleased to announce the interconnection of its first power plant with Beck Energy featuring the Nanosolar Utility Panel.

The 1.1 MW Frankenfelder Berg Landfill plant, located in Luckenwalde, Germany, was commissioned and connected to the EEG in June 2010. Beck Energy designed, engineered and installed thousands of Nanosolar Utility Panels for REST (Regional Disposal Service & Transport), the landfill and power plant owner and operator. "The Nanosolar Utility Panel is fast and inexpensive to install with our unique and efficient installation technology. With 50% fewer people, we were able to install the same area of Nanosolar panels in one day as conventional thin film solar panels, said Bernhard Beck, CEO of Beck Energy. "This is the first of many solar power plants in what we hope will be a long and successful partnership between the two companies. Beck Energy plans to build systems in Germany in 2011 with the Nanosolar Utility Panel, as well as additional power plants across the United States and India through its subsidiary Belectric, Inc. For more information about the Nanosolar Utility Panel, click here.

Nanosolar Confirms Factory Expansion and Financial Strength

By Nanosolar Communications - October 13, 2010 Today, Nanosolar reaffirmed its mission to compete with fossil fuel electricity generation by targeting to become the world's lowest-cost producer of solar panels within the next three years. The company is announcing the expansion of its San Jose, California solar cell factory to 115 MW (megawatts) nameplate capacity by the Fall of 2011. The next-generation, printed CIGS and nanoparticle ink manufacturing lines minimize the use of expensive, vacuum-based manufacturing equipment. Nanosolars solar cell factory will provide solar cells to Nanosolars solar panel factory in Luckenwalde, Germany. Combined, Nanosolars cell and panel factories will support Nanosolar Utility Panel production of 20+ MW in 2011 at 10%-11% efficiencies. In 2012, the factories will produce greater than 100 MW of panels at up to 12% efficiency. Recently, Nanosolars first commercially operational production line produced panels measured and certified at 11.2% and 11.4% efficiency by NREL in Golden, Colorado and 11.6% efficiency by Fraunhofer ISE in Freiburg, Germany. Nanosolar is currently the world record holder for printed solar cell efficiency at 15.3% total-area efficiency (16.4% active-area efficiency) for lab cells. Nanosolar is funding its solar cell factory expansion with its existing cash reserves. The company plans to reach cash-flow positive operations in 2012 without having to raise additional equity capital.

PV-Tech.org: Nanosolar Rising

By Nanosolar Communications - August 6, 2010 PV-Tech.org has posted a two-part series on recent developments at Nanosolar. Read the blog posts here: Nanosolar rising, Part IOne-time thin-film PV lightning rod gets its focus on Nanosolar rising, Part IIThe I in CIGS also stands for thin-film PV innovation

Nanosolar Exhibits at Intersolar Europe

By Nanosolar Communications - June 24, 2010 Graciously hosted by Beck Energy and its affiliates Blitzstrom and Belectric, the Nanosolar Utility Panel made its first public debut earlier this month at Intersolar Europe 2010 in Munich, Germany. Enjoying a premier display area in Blitzstroms exhibit booth, Nanosolar showcased its utility-scale panel as well as a new video depicting footage of a Nanosolar Utility Panel installation in Germany. Beck Energy is our EPC partner leading the installation. Intersolar Europe was held at the New Munich Trade Fair Center in Munich, Germany, from June 8-10. The event drew a record 72,000 visitors and 1,884 exhibitors from 150 nations, a reflection of the continued growth and development of the solar industry around the world.

Please visit http://www.beck-energy.com/ for further information about our partner Beck Energy.

Governor Arnold Schwarzenegger Visits Nanosolar HQ

By Nanosolar Communications - March 24, 2010 Senate Bill 71 Exempts Green Tech Companies from Sales Tax on the Purchase of Manufacturing Equipment in California

Building on his commitment to clean technology growth in California, Governor Arnold Schwarzenegger today visited Nanosolars headquarters in San Jose, CA to sign SB 71 into law, a bill to create a sales tax exemption for the purchase of green tech manufacturing equipment in California. California is leading the way with the largest green economy in the nation, creating jobs when theyre needed the most and proving to the world that we can protect our environment and build a stronger economic future at the same time, said Governor Schwarzenegger. SB 71 will expand our clean tech industry and bring the green jobs and businesses we need to rebuild Californias economy -- were sending a clear message to every entrepreneur and innovator that it pays to invest in a clean future for California. Brian Sager, Nanosolar co-founder, added, The SB71 manufacturing sales tax exemption helps Nanosolar remain in California, where we plan to further expand our solar cell factory, grow jobs and support the state economy. Governor Schwarzeneggers leadership and vision combined with the

California Senate and Assemblys commitment to keeping manufacturing in the state is opening up new opportunities for Californians to work in the emerging clean economy. Officials visiting Nanosolar included Governor Arnold Schwarzenegger, CA Secretary of Labor Victoria Bradshaw, CA Assembly Speaker John Prez, CA Assemblymember Sam Blakeslee, CA Senator and SB71 author Alex Padilla, CA Senator Abel Maldonado, as well as San Jose Mayor Chuck Reed, San Jose Councilmember Ash Kalra, John Boesel, President and CEO, CALSTART and a dozen executives from leading California solar, fuel cell, and other clean technology companies. For more information, including a complete video of the event, please see the Governors website at http://gov.ca.gov/press-release/14702/.

Semiconductor Veteran Geoff Tate Named CEO of Nanosolar, Inc.

By Nanosolar Communications - March 22, 2010 Nanosolar Committed to Meeting Its Customer Demand for Cost Efficient Solar Panels Today, Nanosolar announced that we have named Geoff Tate as our chief executive officer. Mr. Tate is the former CEO of Rambus, Inc. and former senior vice president and corporate officer of Advanced Micro Devices (AMD). Geoff Tate served as CEO of Rambus, which specializes in the invention and design of high-speed chip interfaces, from 1990 through 2005. Prior to Rambus, Tate served in multiple general management roles at AMD over the course of ten years. He has a bachelors degree in computer science from University of Alberta and an MBA from Harvard University. Geoff is a dedicated, hard-working executive with a successful track record developing great technologies into winning businesses, said Erik Straser, Nanosolar board member and general partner, Mohr Davidow Ventures. For example, under Geoffs leadership, Rambus developed and commercialized a 500MHz interface, which at the time was 5-10 times faster than competitive alternatives. We are confident that Geoff will be a terrific addition to Nanosolar as we bring our thin film CIGS (copper indium gallium selenium) solar panels to market. Brian Sager, co-founder, board member and vice president corporate development, added, We have market-leading customers, strategic investors, a strong balance sheet, and groundbreaking technology that has the potential to enable the lowest cost solar panels in the industry. Our highest priority under Geoffs leadership will be to meet our customer commitments and help make our customers successful. Media inquiries can be directed to press@nanosolar.com.

Nanosolar Completes Panel Factory, Commences Serial Production

By Nanosolar Communications - September 9, 2009 Today Nanosolar demonstrated the completion of its European panel-assembly factory as part of an inauguration event attended by Germany's Minister of the Environment, the Governor of the State of Brandenburg, and a host of other leading public officials. Located in Luckenwalde near Berlin, the fully-automated factory processes Nanosolar cells into finished Nanosolar panels using innovative high-throughput manufacturing techniques and tooling developed by Nanosolar and its partners. The panel factory is automated to sustain a production rate of one panel every ten seconds, or an annual capacity of 640MW when operated 24x7.

Nanosolar Unveils Nanosolar Utility Panel Technology

By Nanosolar Communications - September 9, 2009 In conjunction with today's inauguration of our panel-assembly serial-production factory, we today also unveiled the technology behind our first product, the Nanosolar Utility Panel, and its unique features and benefits. The Nanosolar Utility Panel is the industrys first solar electricity panel specifically designed and developed for utility-scale solar power system deployment. Through its innovative product design, the panel significantly reduces the balance-of-system penalty that medium-efficient thin panels have conventionally carried relative to higher-efficiency (yet far more expensive) silicon panels. The IEC-61646 certified Nanosolar Utility Panel is electrically and mechanically optimized for utility-scale solar power systems:

- Electrically, it is the industrys highest-current thin panel, by as much as a factor of six. It is also the industrys first photovoltaic module certified by TUV for a system voltage of 1500V, or 50% higher than the previously highest certified. Together this enables utility-scale panel array lengths and results in a host of substantial cost savings during the deployment of solar power plants. - Mechanically, the package used for the panel is distinctly stronger than that of conventional thin-film-on-glass modules, achieving almost twice the mounting span and thus substantially lower mounting cost. More information about how the Nanosolar Utility Panel delivers the industry's lowest total-system cost for solar power plants can be found on our website as well as in detail in ourutility panel technology white paper.

NREL Certifies 15.3% Nanosolar Lab Foil Efficiency

By Nanosolar Communications - September 9, 2009 We are pleased to announce that our low-cost printed-CIGS-on-metal-foil cell stack and process produces highly efficient cells: Earlier this year, NREL independently verified several of our cell lab foils to be as efficient as 15.3%. At 15.3% efficiency, are most efficient printed solar cell of any kind as well as the most efficient cell on a low-cost metal foil.

Nanosolar on NOVA / PBS - "The Big Energy Gamble"

By Nanosolar Communications - January 20, 2009 On the evening of Obamas inauguration, PBS aired the fourth chapter of its NOVA program The Big Energy Gamble with the following topic: NUCLEAR TO THE RESCUE? While California Assemblyman Chuck DeVore wants the state to build more nuclear power plants, a company called Nanosolar is betting on new ways to harvest sunlight. The segment also contains statements by Dr. Steven Chu, now confirmed as the Secretary of Energy. Watch the full segment.

Named Best Invention of the Year 2008 by Time Magazine

By Nanosolar Communications - October 30, 2008 Time Magazine just published its list of the 50 best inventions of the year 2008 and named Nanosolars thin-film technology one of them. Time Magazine Best Inventions 2008: Nanosolar Thin-Film Technology

Nanosolar Ups Funding to $0.5 Billion; Partners for Utility Power

By Nanosolar Communications - August 27, 2008 As part of a strategic $300 million equity financing, Nanosolar has added new capital and brought its total amount of funding to date to just below half a billion U.S. dollars. Last December, we introduced the Nanosolar Utility Panel(TM) to enable solar utility power i.e. giving utility-scale power producers the solar panel technology to build and operate cost efficient solar power plants. The tremendous demand for our unique product was matched by the desire to support us in scaling its availability even more rapidly and ambitiously. Today we are pleased to announce that we have received strategic backing by partners ideally suited to accelerate the implementation of this business in the form of product supply agreements, strategic collaboration, and equity investments. As part of the transaction, the boards of directors of AES Corporation (one of the worlds largest power companies), the Carlyle Group, EDF (the worlds largest electric utility), and Energy Capital Partners signed off on investments into Nanosolar through Riverstone Holdings, EDF Renewables, and simultaneously formed AES Solar. A fraction of the oversubscribed Nanosolar equity round also included financial investors such as Lone Pine Capital, the Skoll Foundation, and Pierre Omidyars fund as well as returning investors including GLG Partners, Beck Energy, and Conergy founding investor Grazia Equity. The transaction closed in March 2008.

The new capital will allow us to accelerate production expansion for our 430MW San Jose factory and our 620MW Berlin factory. (Earlier, Nanosolar secured a 50% capex subsidy on its Germany based factory.)

Nanosolar Receives U.S. Senate Environment Award

By Nanosolar Communications - August 7, 2008 U.S. Senator Barbara Boxer and her staff today visited Nanosolar to tour our factory and present us with the U.S. Senate Conservation Champion award. We are honored to be awarded this recognition thank you very much! During our meeting with the U.S. Senator, we discussed the importance of getting a Federal RPS right in 2009 and fixing the state level RPSes.

Worlds Largest Utility Enters Strategic Partnership with Nanosolar

By Nanosolar Communications - April 1, 2008 We have entered a strategic partnership with EDF's renewables subsidiary EDF EN. EDF is the worlds largest electric utility. Heres the EDF press release, which has all the info. And yes: California is a big target of this partnership of ours. More info: Press articles

Nanosolar Secures 647,000 sqft in Manufacturing Space

By Nanosolar Communications - December 13, 2007 Company Secures 700,000 Square Feet of Space in the San Francisco Bay Area and in Germany PALO ALTO, California - December 12th, 2006 - Nanosolar Inc., a global leader in solar power innovation, today announced that it has selected manufacturing sites located in California and in Germany. With these two new sites, Nanosolar now has the capability to utilize up to 700,000 square feet for its cell and panel manufacturing as well as research and development and regional company headquarters. Nanosolar selected a former Cisco manufacturing facility in San Jose, California, as its U.S. site and a facility in the Berlin capital region as its European site.

Nanosolar San Jose

Nanosolar Germany The Mayor of San Jose, the city's economic development team, and PG&E played a key role in keeping Nanosolar in the state of California and attracting it to San Jose. Nanosolar also thanks the Mayor of Luckenwalde, Berlin's Secretary of Commerce, and the Minister of Economy of the state of Brandenburg for help and support.

Named #1 Innovation of the Year 2007

By Nanosolar Communications - November 13, 2007 Popular Science magazine just came out with its annual innovation awards. Our solar electricity technology was named the top Innovation of the Year 2007. Its great to see our hard work and greentech in general recognized so enthusiastically. Now we have no choice but to make sure that theres going to be a solar panel on every building in the future. See also: Popular Science press release, website

Nanosolar Awarded #1 Solar America Contract

By Nanosolar Communications - September 23, 2007 We are honored to be able to confirm that Nanosolar has been selected and completed negotiation for a substantial funding award as part of the high-profile Solar America Initiative. The competition was stiff and included every single significant solar company in this country, including SunPower, First Solar, General Electric, etc. So we are proud that the U.S. Department of Energy (DoE) has decided to award us one of the largest net amounts any company receives as part of the Solar America Initiative. This award from the DoE comes at a timely junction of commercial acceleration for our company. It brings the DoE in alignment with the private investment community which has long recognized the distinctly superior potential of our technology. We will do our best to deliver truly outstanding results for every dollar received, commensurate with our leading position of selection. Related Articles: A New Day Dawns for Solar by Chris Nelder

Nanosolar secures $100 million in funding

By Nanosolar Communications - June 21, 2006 Substantial Cleantech Equity Financing for Breakthrough Solar Cell Technology; Cementing Leadership Position Towards Delivering GridParity Peak Power

PALO ALTO, California - June 21, 2006 - Nanosolar Inc., a global leader in solar power innovation, today announced that it now has $100 million in funding to take its breakthrough photovoltaic (PV) solar electricity technology into volume production. The company announced it has completed a Series C Preferred Stock financing in the amount of more than $75 million, which, in conjunction with government factory subsidies recently secured, brings its total cash position (including non-debt cash equivalents) to just above $100 million. In addition to strong participation by the company's existing investors including venture firms MDV-Mohr Davidow Ventures, Benchmark Capital, Firelake Capital, Onpoint as well as Japanese trading leader Mitsui, new investors include: - SAC Capital and GLG Partners, two world-class investment funds with substantial PV industry investment experience; - Swiss Re, the insurance sector leader of the Dow Jones Sustainability Index; - Grazia Equity, the original backer of Conergy AG, the world's largest PV system integrator; - Christian Reitberger, the original backer of Q-Cells, the world's largest independent silicon cell PV manufacturer; - Capricorn Management, the investment arm of Jeff Skoll, known for its support of clean energy causes; - the investment arms of SAP founders Klaus Tschira (via FirstVentury) and Dietmar Hopp, and - Beck, a leading PV power plant system integrator. "Nanosolar is the one company we believe has really put together all the pieces necessary to produce a distinct leap forward in the cost efficiency and production scalability of PV cells and panels; we're enthusiastically looking forward to be working with the team," said Alec Rauschenbusch, a Managing Director of Grazia Equity and a board member of Conergy AG. "As the world's leading and most diversified reinsurer, Swiss Re is strongly committed to sustainability and strives to leverage its expertise in this area in both risk management and investments," commented Hans Mehn, head of Direct Investments at Swiss Re. "We are attracted to the economics and scalability of Nanosolar's solar power technology as well as the fit of this investment into Swiss Re's Sustainability Portfolio." "Coal-fired power plants are one of the biggest drivers of global warming," added Jeff Skoll. "As we shift towards a future where the risks of global warming are recognized as both unsustainable and immoral, a company like Nanosolar can help us keep power affordable." Added Erik Straser, General Partner, MDV-Mohr Davidow Ventures: "This financing is not only a testament to the differentiation of Nanosolar's technology but also a reflection on the entire team and execution capability of the company."

14.5% Cell Produced Using Low-Cost Printing Process

By Nanosolar Communications - May 10, 2006 In March 2006, our research and development team managed for the first time to produce solar cells with 14% efficiency based on a low-cost nanoparticle ink printing process. The best cell measured had a 14.5% efficiency a world record for a printed CIGS cell, and, in fact, the most efficient printed solar cell of any kind, ever. Congrats to our science team for this phenomenal achievement! The achievement was also subsequently published in a peer-reviewed scientific publication. [The National Renewable Energy Laboratory (NREL) certified these efficiencies in August 2006.]

Nanosolar closes Series B financing, bringing total amount of funding secured to $48 million
By Nanosolar Communications - June 13, 2005 Mohr Davidow Ventures Leads Series B Round in Developer of World's Most Cost-Efficient Solar Electricity Technology PALO ALTO, California - June 13th, 2005 - Nanosolar, Inc., the technology leader in delivering the world's most cost-efficient solar electricity, today announced that it closed $20 million in Series B funding last month. This increases the total amount of funding secured by the company to $37 million (not including additional loans). Led by MDV (Mohr Davidow Ventures), the Series B round also includes Mitsui, Japan's largest distribution company, and Onpoint, the U.S. Army's venture fund, in addition to previous investors which included Benchmark Capital and others. The funding will support the company's move into commercial production. As part of the financing, MDV's Erik Straser has joined the company's board of directors. "Among all the companies working on next-generation solar technology, Nanosolar is the one that can deliver the very best cost efficiency, and it accomplishes this without having to compromise on energy conversion efficiency or durability," said MDV's Erik Straser. "We are excited to be working with Nanosolar." Nanosolar has successfully developed a leapfrog aggregate of process technology innovations for solar panels that can match conventional silicon modules in both energy output and long-term durability yet deliver radically lower fully-loaded manufacturing product cost. A key aspect to this is the

unprecedented throughput that Nanosolar's process technology achieves: With more than an order of magnitude faster intrinsic process throughput over the best in conventional silicon or vacuum technology, Nanosolar can produce solar panels in a highly cost and capital efficient way. "Because of its unique technological approach, Nanosolar will bring products to the market that will have a profound impact on the world. This is an amazingly exciting company and opportunity," added Bill Gurley of Benchmark Capital. About MDV - Mohr Davidow Ventures Since its formation in 1983, Mohr Davidow Ventures, a leading venture capital firm, has earned a reputation among entrepreneurs as a skillful partner committed to building industry-leading companies in the areas of energy and materials, networking, software and Internet services, semiconductor and life sciences. For more information, please visitwww.mdv.com. About Benchmark Capital Benchmark Capital is a leading venture capital firm with the mission of helping talented entrepreneurs build major technology enterprises focused on long-term growth. Benchmark's portfolio includes franchise companies such as Ariba, Broadbase Software, CacheFlow, Critical Path, eBay, Juniper Networks, Kana Communications, Northpoint Communications, and Red Hat Software. About OnPoint Technologies OnPoint Technologies, a strategic private equity firm funded by the US Army, has a mission to discover, invest in and support companies developing innovative mobile power and energy technology at the intersection of the defense and commercial markets. For more information on OnPoint, please visit www.onpoint.us. About Mitsui & Co., Ltd. Mitsui & Co., Ltd., is Japan's oldest and largest international trading company with over 300 years of business presence in the world and more than $100 billion in annual business. The company is taking up a leading role in Japan's fast development of information technology, communications systems, and electronics business. With offices around the world and nearly 100 consolidated subsidiaries and joint ventures across the United States, the company is attuned to cultivate strategic business and project development, now and tomorrow.

Nanosolar receives a prestigious DARPA contract in the amount of $10.3 million

By Nanosolar Communications - August 20, 2004 Prestigious Contract Funds Development of Next-Generation Solar Electricity Cells PALO ALTO, California - August 20th, 2004 - Nanosolar, Inc., a technology leader in roll-printed solar electricity cells with unprecedented cost effectiveness, confirmed today that it has been awarded a research and development contract by the Defense Advanced Research Projects Agency (DARPA) in the amount of $10.3 million. The award was made through DARPA's Microsystems Technology Office (MTO) and is dedicated to promoting innovative approaches that enable revolutionary advances in performance, device design, and manufacture of solar electricity cells. U.S. Senator Barbara Boxer announced: "This grant is exciting because it promises new technology to address our energy needs and because it again demonstrates the strength of the Bay Area's innovative private sector partnered with its world-class universities and research facilities." More than 100 leading technology companies competed under this program, with four of them making the final cut and contracts being awarded to: Nanosolar ($10.3 million), Konarka ($6.1 million), Nanosys ($2.3 million), and NREL (the National Renewable Energy Laboratory). Nanosolar is collaborating with Stanford University, the University of California at Berkeley/Lawrence Berkeley National Laboratories, and Sandia National Laboratories on the development of next-generation solar cells that match and exceed the efficiency and lifetime of conventional solar cells but are far less expensive, less heavy, and less fragile. Nanosolar is focused on making solar electricity ubiquitous and profitable by bringing to market solar-electric foils that are unprecedented in their cost effectiveness. Unprecedented cost advantages result from the solar cells being two orders of magnitude thinner than those commonly found on the market today as well as the economics of simply being able to print them with high-throughput roll-to-roll processes using the company's proprietary printable semiconductor technology, a technology designed for high yield and enabled by self-assembling nanostructures. The solar electricity industry is one of the fastest growing technology industries in the world at this time, with the industry's compound annual growth rate averaging 40% in the past eight years and new technologies advancing the affordability of solar electricity. Solar cells found most commonly on the market today are based on crystalline Silicon but advances in nanostructured materials combined with new process technology now offer new ways of substantially further lowering the cost of solar electricity.

Nanosolar also confirmed today that it has received significant amounts of funding from the California Energy Commission as well as the National Science Foundation.