Greentech Lead America: Solar Junction, a manufacturer of
III-V multi-junction solar cells, has received a SUNPATH award from the
Department of Energy (DOE) as part of a $21.5 million program to increase its
CPV cell manufacturing capacity.
Through this program, Solar Junction is targeting a
median cell efficiency of 42 percent on 150mm substrates. These factors will
make a substantial impact on reducing CPVʼs $/W module costs by driving down the
cost of the cell, while increasing the CPV module power output with increased
cell efficiency.
SUNPATH, Scaling Up Nascent PV at Home, is part of the
Department of Energyʼs
SunShot Program. This program aims to increase PV
manufacturing in the U.S. through investments in technologies that are
sustainable with competitive cost and high performance. SunShot investments are
designed to help achieve $1/W by 2020.
Coupled with the SunPath award, Solar Junction is on the
path to high volume manufacturing of its proprietary adjustable spectrum
latticed matched (A-SLAM) cell.
“It is an honor to be in such a select pool of
SUNPATH awardees through the SunShot program. This allows Solar Junction to
move into the next phase of commercialization and will allow for a path to
volume manufacturing,” said Jim Weldon, CEO of Solar Junction.
Solar Junction raises $19.2 million for increasing CPV
manufacturing
Recently, Solar Junction closed its Series D financial
round of $19.2 million from current investors with an additional strategic
investment from IQE.
editor@greentechlead.com
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