Ascent Solar Technologies, Inc. Achieves New Benchmark of 15.5% in Cell Production Efficiency of its CIGS Solar Technology
- ASTI achieves a significant increase in cell production efficiency, reaching 15.5% in its CIGS solar technology.
- The company expects further efficiency gains of 1% to 1.5% through the use of zinc oxysulfide.
- None.
The thin-film solar provider’s efficiency improvements intended to help achieve widespread adoption of powerful, flexible solar PV across a number of industries and applications
THORNTON, Colo., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (NASDAQ: ASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible thin-film photovoltaic (PV) solutions, announced today that it has achieved a cell production efficiency increase, with a new benchmark of
ASTI expects to see an even greater increase in cell efficiency through the use of zinc oxysulfide, implemented through an Atomic Layer Deposition (ALD) process, which could potentially increase overall cell production efficiency by an additional
“We are thrilled with the rapid progress optimization for our CIGS technology that has taken place over just a few short weeks,” said Paul Warley, ASTI’s Chief Executive Officer. “As we continue to optimize our technology and processes, we expect to move even closer to reaching our efficiency goal of
About Ascent Solar Technologies, Inc.
Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar Technologies, Inc. is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability and resilience matter. Ascent’s photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, in industrial/commercial construction as well as an extensive range of consumer goods, revolutionizing the use cases and environments for solar power. Ascent Solar’s research and development center and 5-MW nameplate production facility are located in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com
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