Company reports increasingly efficient solar technology

Ascent Solar Technologies, a Colorado company, announced this week that it has achieved a 10 percent efficiency rate for its flexible solar module technology.

The company uses components that include copper, indium, gallium and selenide and reports that the National Renewable Energy Laboratory has verified an efficiency level of 10.4 percent. Its production line started up during the first quarter of 2009.

"Module efficiency of 10% is a vital element for our low-cost-per-watt manufacturing goal in high volume and will establish Ascent Solar as a leader in the production of lightweight flexible photovoltaics used for portable power and building integrated photovoltaic (BIPV) products," said Ascent Solar executive Dr. Prem Nath.

Other companies have reported growing efficiency in thin-film solar technologies, which is helping to further fuel the growth of solar energy.

As solar becomes increasingly efficient, homeowners will be able to see a return in their investment in less time, with potentially smaller arrays. Another key factor for the industry is the growing cost parity between fossil fuels and solar, since as the two become more competitive, more consumers will be encouraged to use it.

Author: Danny Vo

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Posted in: Solar Trends

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