27 December 2010

Ascent Solar appoints new Norsk Hydro board member

Ascent Solar Technologies Inc of Thornton, CO, USA, which manufactures flexible thin-film photovoltaic modules based on copper indium gallium diselenide (CIGS), has appointed Hans Olav Kvalvaag to its board of directors to replace Einar Glomnes, who resigned from the board effective 21 December.

Kvalvaag was designated for the appointment by largest stockholder Norsk Hydro Produksjon AS, pursuant to a stockholder’s agreement with Ascent. Norsk Hydro’s prior board designee Glomnes was recently promoted to VP sales Europe and has assumed an expanded role with additional commitments within Norsk Hydro. He is therefore no longer able to devote adequate attention to his board position.

Kvalvaag joined Norsk Hydro in 2006 within its New and Alternative Energy group. He is currently part of the firm’s Corporate Business Development team. He holds a law degree from Norway’s University of Oslo, and finance diplomas from the Norwegian School of Business Administration and the University of Auckland. He has worked as a management consultant with McKinsey & Company and further as a lawyer with Norwegian law firm Selmer, focusing primarily on the Energy and Oil & Gas arena.

“I would like to thank Einar for his significant contributions to Ascent Solar’s growth and progress. We wish Einar the very best as he expands his responsibilities at Norsk Hydro,” says Ascent Solar’s president & CEO Dr Farhad Moghadam. “We also welcome Hans to our board and look forward to benefitting from his expertise and insights, as well as continued support from Norsk Hydro.”

Tags: Ascent Solar CIGS

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