News Article
XsunX's CIGS plant completion on target
The firm's recent expansion into a new CIGSolar marketing and technology demonstration facility is on the fast track completion schedule
XsunX is on target to complete the assembly of its CIGSolar TFPV cell evaporation system in October.
"CIGSolar" is the company's patent-pending solar cell manufacturing process offering a capital-efficient, low-cost alternative to the use of silicon solar cells.
The company has implemented a fast track completion schedule to expedite its technology demonstration and marketing efforts.
In July, XsunX announced receiving equity financing through Ironridge Energy, an institutional investor financing small cap public companies in the energy sector. The cash will enable the company to focus on assembling and configuring a demonstration of the CIGSolar TFPV cell evaporation system while also establishing technology marketing operations in its new facility in Irvine, California.
John C. Kirkland, Managing Director of Ironridge Global comments, "We are pleased to have had the opportunity to help facilitate the development of XsunX's unique TFPV cell evaporation system. The CIGSolar system offers the potential to improve operating efficiencies for the TFPV industry, and thereby assist in reducing our dependence on fossil fuels."
"The last few months have been a busy and exciting time for XsunX. We have been anxious to launch the start-up, testing, and calibration of our patent pending CIGSolar technology so that we can begin customer demonstrations as quickly as possible," adds Tom Djokovich, CEO of XsunX, Inc.
"The industry's obvious need and the focus of our CIGSolar TFPV cell evaporation technology, is to provide cost reductions and an opportunity to restore operating margins for manufacturers. How to achieve these goals has been an elusive challenge for the industry, but we believe that CIGSolar's new approach is the right solution to this challenge."
The company's method, unlike other CIGS manufacturing technology, uses individual thin stainless steel substrates sized to match silicon cells to be used as an alternative to silicon cells in existing or new solar module assembly lines.
Another significant improvement the company made is the use of a multi-small area thermal co-evaporation technology. This improves control of the complex management of the CIGS layer deposition process.
XsunX says this feature provides a more precise deposition environment. Together, these improvements help to avoid performance losses experienced when cells are either cut from rolls of CIGS material or mismatched electrically in monolithic large area deposition assemblies.
"Some of our loyal customers have been working with us each step of the project, including monitoring our progress and assessing each of our milestones. They are very excited about the system's potential as we approach our start-up and preparation for demonstrations," says Joseph Grimes, COO of XsunX, Inc.
