THORNTON, Colo., Sept. 12, 2023 (GLOBE NEWSWIRE) -- Ascent Solar Technologies, Inc. (NASDAQ: ASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible thin-film photovoltaic (PV) solutions, announced today that it has achieved a cell production efficiency increase, with a new benchmark of 15.5% in its CIGS solar technology, a significant increase from the 10.8% standard efficiency measured for production material in 2012. This increase is the result of focused innovation and a giant step toward the improved efficiencies that ASTI intends to deliver through continued process optimization and development of alternate chemistries.
ASTI expects to see an even greater increase in cell efficiency through the use of zinc oxysulfide, implemented through an Atomic Layer Deposition (ALD) process, which could potentially increase overall cell production efficiency by an additional 1% to 1.5%.
“We are thrilled with the rapid progress optimization for our CIGS technology that has taken place over just a few short weeks,” said Paul Warley, ASTI’s Chief Executive Officer. “As we continue to optimize our technology and processes, we expect to move even closer to reaching our efficiency goal of 18% in the near future, furthering our long-term mission of increasing the rate of global thin-film PV adoption.”
About Ascent Solar Technologies, Inc.
Backed by 40 years of R&D, 15 years of manufacturing experience, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar Technologies, Inc. is a leading provider of innovative, high-performance, flexible thin-film solar panels for use in environments where mass, performance, reliability and resilience matter. Ascent’s photovoltaic (PV) modules have been deployed on space missions, multiple airborne vehicles, agrivoltaic installations, in industrial/commercial construction as well as an extensive range of consumer goods, revolutionizing the use cases and environments for solar power. Ascent Solar’s research and development center and 5-MW nameplate production facility are located in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com
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