Attention IKEA Shoppers! Solar Panels Marked Down on Aisle Three! By David Ehrlich, Cleantech.com, August 6, 2008. "Sweden's Ikea may need to super-size its shopping carts. The furniture retailer unveiled an investment group today to put €50 million into clean-tech startups over the next five years, with the eventual goal of seeing solar panels and other clean technologies on sale in its stores or used by Ikea suppliers. Ikea GreenTech plans to focus on five areas -- solar panels, alternative light sources, product materials, energy efficiency, and water saving and purification. The group said the investments will be made in companies that offer commercial prospects within a four to five year horizon. 'We're already talking to companies,' Johan Stenebo... of Ikea GreenTech [said, adding that] Ikea is likely to make its first investments this year... [and that] the cleantech products will follow the same guidelines as the company's other products. 'Really low prices, and... very good quality.'"
2008-08-10
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