Ascent Solar Switches Over To Perovskite Technology

CIGS Thin-Film US Solar Company Repurposes Sole Manufacturing Fab With 5 MW Capacity For High Efficiency Perovskite Solar Modules

Ascent Solar Switches Over To Perovskite Technology

Supplier of flexible, thin-film CIGS solar panels to a host of applications including space missions, Ascent Solar is betting its money on commercialization of its perovkiste technology. (Illustrative image; Illustration Credit: 3Dsculptor/

  • Seeing potential in commercial production of perovskite solar technology, Ascent Solar has announced a strategic move
  • It has repurposed its 5 MW nameplate production fab in Colorado for industrial commercialization of perovskite technology
  • The company claims over 20% lab efficiencies for its perovskite technology which will now be readied for industrial production

A promising news for perovskite solar technology enthusiasts as CIGS thin-film solar PV company Ascent Solar Technologies from the US has repurposed its 5 MW Thornton facility as a Perovskite Center of Excellence (COE) for industrial commercialization of its technology, ‘effective immediately’, for which it claims lab efficiencies of over 20%.

This patent-pending perovskite technology of Ascent is comparable with rigid solar panels, the company added.

Currently, Ascent Solar’s 5 MW nameplate production fab in Thornton, Colorado produces flexible thin-film CIGS panels for space missions, multiple airborne-vehicles, agrivoltaic installations along with a range of consumer goods.

Recently Ascent said it will acquire thin-film solar production equipment from an unidentified European manufacturer in Europe to expand its geographic footprint that operates a 15 MW plant. Ascent also gets an option to acquire controlling stake in the company including its 40 MW thin-film CIGS fab (see US Thin Film Module Maker Expanding Into Europe).

“This global production provides us with the near-term flexibility to make this significant investment in taking Perovskite gains from lab to fab. When translated to industrial scale, the efficiency gains we’ve recorded in the lab will be a game changer for the solar industry,” said Ascent’s President and CEO Jeffrey Max.

Listed on the NASDAQ, Ascent reported 101% annual increase in its 2022 revenues of $1.2 million which went up due to its joint venture with German thin-film tube manufacturer for agricultural production sector TubeSolar. Yet its net loss was -$19.8 million.

About The Author

Anu Bhambhani

SENIOR NEWS EDITOR Anu is our solar news whirlwind. At TaiyangNews, she covers everything that is of importance in the world of solar power. In the past 9 years that she has been associated with TaiyangNews, she has covered over thousands of stories, and analysis pieces on markets, technology, financials, and more on a daily basis. She also hosts TaiyangNews Conferences and Webinars. Prior to joining TaiyangNews, Anu reported on sustainability, management, and education for leading print dailies in India. [email protected]

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