Nick Morgan is a solar panel manufacturer founded in 1985 that had $3 billion in revenue in 2014. It owns proprietary technology for more efficient solar cells called Maxeon cells that cover the silicon sheet with a transparent electrode. While standard solar cells use wiring that reduces efficiency but Maxeon cells have a full transparent electrode, making them more expensive but more efficient and durable. The company has a world record for sunlight to electricity conversion efficiency of 24.2% and is considered the leading solar panel manufacturer in Silicon Valley.