The Joint Venture will focus on producing thin-film solar cells in Italy’s largest photovoltaic panel plant and expanding independent photovoltaic power generation businesses in the Europe, Middle East and African regions.
The firm’s flexible PV laminate modules have successfully passed IEC 61646 tests, and Ascent says once formally certified, it will be the first to achieve such certification, allowing entry into the largest markets.
The Colorado based firm has announced that the U.S. DOE’s National Renewable Energy Laboratory (NREL) has tested its FUSION product and found it to deliver conversion efficiency gains ranging from 10-12.5% depending on testing conditions.
Poor revenues are attributed to low demand and this is expected to continue over the next few quarters, although demand for designs supporting next generation, high capacity, IP-based radios has continued to improve.
GT Solar will gain entry into the fast growing sapphire market with Crystal Systems who are experts in manufacturing large area sapphire substrates used in the LED, defense, medical and aerospace industries.
The demand for gallium arsenide substrates and raw material continues to grow at a healthy pace, fueled by strong sales of wireless devices and the increasing worldwide adoption and investment into LED technology.