Ascent Solar just announced that it has been selected for the Solar America Initiative pre-incubator program by the US Department of Energy. This is significant news for Ascent because the project award includes a year-long subcontract valued at approximately $315,000. The Solar America Initiative per-incubator program is brought to you by the American Recovery and Reinvestment Act.
Bye Aerospace just signed a memorandum of understanding with Ascent Solar Technologies for the development of thin-film solar technologies that could be used in aviation. Bye Aerospace intends to start testing Ascent’s thin-film PV technologies in aircraft by the end of the year.
In a company press release, Dr. Joseph Armstrong, Chief Technical Officer of Ascent Solar, commented on the announcement, saying
“Applications such as those being developed by Bye Aerospace are able to utilize … Read the rest
Ascent Solar has begun producing monolithically integrated flexible CIGS modules at its Littleton, Colorado production line. This makes Ascent the first solar company to use a plastic substrate to produce fully integrated lightweight thin-film CIGS modules.
In a company press release, members of the leadership team commented on the significance of this achievement:
Dr. Mohan Misra, CEO of Ascent Solar stated, “This is a remarkable step for the advancement of thin film CIGS on
Ascent Solar (ASTI) is announcing this morning that it has achieved greater than 9.5% efficiency for its thin film, flexible Copper, Indium, Gallium, Selenide (CIGS) integrated solar modules.
Lawrence Kazmerksi, Executive Director at NREL, said, “This is significant. Many doubted that a thin-film CIGS solar cell-on-plastic technology could be possible. Ascent Solar not only achieved this, but they now have confirmed efficiencies at NREL on fully integrated, monolithic prototype modules near 10%. This appears to … Read the rest
It’s getting late but wanted to run down the upgrades/downgrades of today as well as a few notes..
Lazard Capital Markets analyst Sanjay Shrestha said this week that although macroeconomic factors continue to depress alternative energy stocks, the future looks bright. “We believe Barack Obama’s election is a long-term positive for the alternative energy group,” Shrestha said. “Until the financial markets show signs of stability, the economy will likely continue to overshadow other policy agenda … Read the rest
Ascent Solar Technologies has signed a cooperation agreement with TurtleEnergy, LLC. The two companies will join forces to develop new building integrated photovoltaic roofing products. Under the agreement, Ascent Solar will provide Turtle Energy some of its PV modules, with delivery to TurtleEnergy stepping up after Ascent Solar completes its planned expansion. TurtleEnergy will use the product provided to create certified building integrated photovoltaic roofing products to be distributed in the US. According to TurtleEnergy, … Read the rest
Norwegian aluminum supplier Norsk Hydro is buying additional shares of stock in Ascent Solar, bringing its stake in Ascent to 35%. The deal is expected to close today, and will bring the total amount that Norsk Hydro has invested in Ascent to $63 million.
Norsk Hydro, working through subsidiary Norsk Hydro Produksjon AS, has exercised its option to buy additional shares of Ascent Solar common stock, an option
According to StreetInsider.com, Wedbush Morgan is out this morning with coverage on two solar names – Ascent Solar Tech (ASTI) and Energy Conversion Devices (ENER).
* ASTI gets a Hold rating and $5.50 price target.
Wedbush analyst says, “CIGS manufacturing technology supports long-term prospects in high-end specialty markets. CIGS roll-to-roll manufacturing enables product use in various applications including BIPV, EIPV, and solar panels…Potential acquisition target by strategic partner or new market entrant. Provides interesting … Read the rest
Ascent Solar announced that it has signed a cooperation agreement with Spain’s Texsa S.A. Under the terms of the agreement, the companies will work together to develop building integrated photovoltaic roofing products for the European solar market. The products will be based on Texsa’s existing line of roofing products and use Ascent Solar’s flexible, thin film photovoltaic solar modules. Ascent will provide Texsa with some of the product from its 1.5 MW production initially, and … Read the rest
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