- As a result of bankruptcy, SunEdison will sell a portfolio of more than 100 patents and 200 patent applications to China’s GLC-Poly Energy Holdings.
- The bulk of the portfolio is directed to SunEdison’s proprietary materials and processes for manufacturing a solar panel.
- Transfer of ownership to GLC-Poly may complicate business for former SunEdison supplier SMP Ltd.
Last month the judge overseeing SunEdison Inc.’s bankruptcy denied an effort by South Korea-based SMP Ltd. to prevent the sale of SunEdison’s patent portfolio. SMP, which was formed as a joint venture between Samsung and SunEdison to supply key elements of SunEdison’s solar panels, had argued that Korean law prevented SunEdison from terminating a supply and license agreement. If SMP prevailed on this argument, then SunEdison would have been unable to terminate the supply and license agreement, and as a result would have been prevented from selling its patent portfolio. Continue reading What Patents Did Bankrupt SunEdison Sell to China’s GLC-Poly Energy?