Ascent Solar Technologies, a manufacturer of thin-film solar panels, announced today that it would reuse its factory in Thornton, Colorado, to speed up the industrial-scale commercialization of perovskite solar modules.
Perovskite solar cells utilize a thin film of perovskite to collect light, which gives them the potential to provide a low-cost, power-conversion-efficient option to conventional silicon-based solar cells.
Perovskite solar cells issues
Moreover, perovskite solar cells face stability, environmental, and scalability issues. However, initiatives to work out the flaws in current history through research teams like the National Renewable Energy Laboratory have given impressive outcomes.
Electrek reports that as a result, the people working at Ascent have concluded that it is now time to move the company forward by devoting its factory in Thornton to developing and researching perovskite solar cells.
Ascent’s flexible and lightweight solar modules are utilized in applications such as compact charging, unmanned aerial vehicles, and building-integrated photovoltaics.
The company will now convert its patent-pending perovskite solar technology to an industrial scale.
Perovskite Center of Excellence
The facility, which Ascent refers to as a “Perovskite Center of Excellence,” will include facilities for research and development, manufacturing, operations, and industrial equipment valued at $30 million.
Ascent announced a week ago that it had entered into a contract to acquire manufacturing assets from a “leading European manufacturer of thin-film solar technology and a worldwide license of its intellectual property portfolio” for $5 million.
“We’re fortunate that we have a manufacturing facility of this scope that we can dedicate to developing and delivering innovative Perovskite solar PV at scale… When translated to industrial scale, the efficiency gains we’ve recorded in the lab will be a game changer for the solar industry.”
Ascent Solar’s president and chief executive officer, Jeffrey Max
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