Abound Solar to concentrate on 85 W CdTe modules
The firm is ceasing production of its first-generation CdTe solar modules and 180 jobs will be temporarily slashed. This is in order to accelerate the changes needed for the production launch of its next generation high-efficiency module
Abound Solar’s new high efficiency “AB2” 85 W module represents a 12.5 percent solar efficiency as verified by the U.S. Department of Energy’s National Renewable Energy Lab (NREL). Several-hundred AB2 modules were produced in early January 2012 on commercial production equipment.
The suspension of first generation module production will result in the temporary reduction of approximately 180 permanent jobs from its Colorado facilities. Once manufacturing equipment has been modified and performance tested, Abound Solar expects to resume mass production with a 12.5-13 percent efficiency module by the end of 2012.
“While this is a difficult move with regards to temporarily reducing our workforce, we know that accelerating the introduction of our next generation module will bring significant benefits to our customers and allow us to create even more jobs in the future,” said Craig Witsoe, president and CEO of Abound Solar.
“Current market conditions are challenging for all U.S. solar manufacturers, but the long-term winners will be manufacturers of the lowest cost per watt, most reliable systems. By focusing our resources to accelerate scale-up of our next generation high efficiency technology, we will sustainably lower total system costs for our customers, increase our own profitability and grow U.S. jobs and energy security.”