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Ascent Solar Technologies, Inc., headquartered in Thornton, CO, is a developer of thin-film photovoltaic modules that are flexible and affordable compared to traditional solar panels. Their modules can be integrated into various applications, including building materials, space applications, and consumer electronics. The company is expanding into markets such as agrivoltaics, aerospace, satellites, and UAVs.
Ascent Solar Technologies Inc. manufactures and sells flexible and durable PV solar modules that offer high power-to-weight and power-to-area performance. They are focusing on integrating their PV products into key markets and expanding portable solar chargers like the XD-12. The company sells its products through various channels including OEMs, distributors, and retailers.
With a focus on innovation and high-performance, Ascent Solar Technologies is a leader in providing flexible thin-film solar panels for a range of applications, including space missions, aircraft, agrivoltaic installations, and consumer goods.
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Ascent Solar Technologies (ASTI) has completed the first delivery of its new, increased efficiency material for further testing. The company's ongoing high-fidelity lifecycle testing aims to inform iterative development paths to higher efficiencies. Ascent's Plug & FlyTM arrays have been chosen by customers for their weight and volumetric efficiencies, bolstered by recent efficiency breakthroughs. The planned tests will indicate how much less area of solar arrays will be needed to generate the end of life power for space missions. Ascent aims to refine its products to be more resilient and longer-lived in the space environment.
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Ascent Solar Technologies, Inc. (Nasdaq: ASTI) announced that its CEO will attend the Space Force Association’s Spacepower Conference to showcase the value propositions of its thin-film solar technology for on-orbit deployment, highlighting efficiency, durability, and cost-effectiveness. The company has achieved a significant efficiency increase in its technology, allowing its solar array subsystems to generate more power with less mass and volume requirements, outperforming heavier and costlier solar panel counterparts. Ascent has also developed Titan, a solar module optimized for use in a space environment, expected to ship as early as Q1 2024.
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Ascent Solar Technologies, Inc. (ASTI) has adjourned its 2023 Annual Meeting of Stockholders to solicit additional votes with respect to the proposals described in the Company’s definitive proxy statement. The meeting will be reconvened on December 14, 2023, at 10:00 a.m. Mountain Time. Stockholders as of October 16, 2023, are encouraged to vote as soon as possible via the Internet or by phone. At the time the Annual Meeting was adjourned, proxies had been submitted by stockholders representing approximately 42.3% of the shares of the Company’s common stock issued and outstanding as of the record date. Each of the proposals described in the Annual Meeting proxy statement had received a favorable vote from the shares that had been voted.
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Ascent Solar Technologies (Nasdaq: ASTI) is pursuing federal funding opportunities through the Department of Energy and the Small Business Administration for groundbreaking research in agrivoltaics, on-orbit manufacturing, and advanced solar cells. The Company is partnering with industry players to complement its own capabilities and has submitted concept papers for funding, with determination and allocation expected in 2024.
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Ascent Solar Technologies (Nasdaq: ASTI) announced an efficiency increase in its proprietary CIGS technology from 17.55% to 17.73%. This achievement will result in more powerful and lightweight Plug & FlyTM integrated thin-film solar array subsystems, offering drop-in replacement array panels for satellites and addressing concerns about space debris. Ascent anticipates product deliveries for Q1/Q2 2024 with increased annual production capacity, providing customers with lower product costs and superior power capabilities.
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Ascent Solar Technologies (ASTI) announced the upcoming release of a new solar module called Titan, optimized for use in space with a record power output of 17.55% efficiency. The module is expected to ship in Q1 2024 and has a power output of 17 watts. It is one square foot in size, weighs 10 grams, and has a specific power of 2100 W/kg. Titan will be the standard building block for Ascent's line of Space Hardware Developer Kits (HDKs).
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Ascent Solar Technologies (ASTI) announced a milestone achievement in its proprietary CIGS technology, with a 17.55% efficiency increase. The improvement was achieved through the addition of rubidium fluoride to the chemistry and enhancements to the manufacturing process. This will result in an increase in specific power from 1900 W/kg to 2100 W/kg, making the solar energy system more powerful and lightweight. ASTI plans to further improve efficiency by incorporating Zn(O,S) and optimizing the chemistry. The company has reached the minimum efficiency required by satellite companies (17%) and is well positioned for commercialization.
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Ascent Solar Technologies announces achievement of Specific Power of 1900 W/kg for its latest CIGS technology. This breakthrough is particularly impressive for power solutions in the space environment. Ascent's thin-film solar is radiation resistant, lightweight, and flexible, making it ideal for use in space. The increased power density allows for more power without increased launch costs.
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Ascent Solar Technologies has received an “Encouraged” decision from the Department of Energy for its concept paper on the development of agrivoltaic systems. The company will now move forward with the application process to secure funding. Agrivoltaics, the coupling of solar panel installs among rows of crops, is a high-growth sector with a projected annual growth rate of 10%+. Ascent Solar believes its thin-film solar technology is well-suited for agrivoltaic applications.
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Ascent Solar reduces outstanding debt to $1.7M after recent public offering
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FAQ
What is the current stock price of Ascent Solar Technologies (ASTI)?
The current stock price of Ascent Solar Technologies (ASTI) is $2.61 as of December 20, 2024.
What is the market cap of Ascent Solar Technologies (ASTI)?
The market cap of Ascent Solar Technologies (ASTI) is approximately 3.6M.
Where is Ascent Solar Technologies, Inc. headquartered?
Ascent Solar Technologies, Inc. is headquartered in Thornton, CO.
What are the primary markets Ascent Solar modules are integrated into?
Ascent Solar modules are integrated into building materials, space applications, and consumer electronics.
How does Ascent Solar Technologies differentiate its PV products?
Ascent Solar Technologies focuses on providing flexible, durable, and high-performance PV solar modules.
Through what channels does Ascent Solar Technologies sell its products?
Ascent Solar Technologies sells its products through OEMs, distributors, retailers, and e-commerce companies.
What is the focus of Ascent Solar Technologies' R&D efforts?
Ascent Solar Technologies focuses on developing innovative, high-performance, flexible thin-film solar panels for various applications.
What are some of the key partnerships of Ascent Solar Technologies?
Ascent Solar Technologies has partnerships in markets such as agrivoltaics, aerospace, satellites, and UAVs.
What is Ascent Solar's approach to generating power in space?
Ascent Solar's technology is uniquely positioned for use in space environments, providing reliable and efficient power generation.
How does Ascent Solar Technologies contribute to sustainable energy solutions?
Ascent Solar Technologies' CIGS thin-film technology is used in sustainable power generation technology.
What are some notable achievements of Ascent Solar Technologies?
Ascent Solar's PV modules have been deployed on space missions, aircraft, agrivoltaic installations, and consumer goods.
What is the mission of the IGTE institute?
The IGTE institute focuses on researching and developing comfortable living and working conditions with an emphasis on renewable energies and sustainable solutions for global energy systems.
Ascent Solar Technologies, Inc.
Nasdaq:ASTI
ASTI Rankings
ASTI Stock Data
3.58M
1.32M
0.27%
0.83%
2.67%
Solar
Semiconductors & Related Devices
United States of America
THORNTON