news digest ♦ Solar
best performing candidates into established solar cell architectures.”
The consortium involves five universities (Bristol, Bath, Northumbria, Swansea and Loughborough) with state- of-the-art infrastructure for material development and characterisation as well as for device fabrication, testing and integration into photovoltaic modules.
Material processing will be based on facilities available at the Sustainable Product Engineering Centre (SPECIFIC), which will be in charge of designing scale-up strategies and preparing techno-economic assessment.
The PVTEAM industrial partners, Tata Steel, Pilkington NSG and Johnson Matthey, have a worldwide footprint on materials for the construction, coating and chemical industries.
The consortium also includes SMEs, M-Solve and Semimetrics, which will provide means for the exploitation of new PVTEAM technologies in module fabrication and metrology.
Ascent Solar completes $10 million stock financing
The CIGS cell manufacturer has completed financing with Ironridge Technology
Ascent Solar Technologies, Inc. has completed the $5 million second closing of its Series B preferred stock purchase agreement with institutional investor Ironridge Technology Co., a division of Ironridge Global IV, Ltd.
The company received the first $5 million from Ironridge in November 2013, and has now received the second $5 million.
In both closings, the company issued Ironridge shares of its Series B-1 Preferred Stock, which is convertible into shares of common stock at a fixed conversion price of $1.15 per common share.
John C. Kirkland, Ironridge Global Partners’ Managing Director says, “We are pleased to close on the second $5 million tranche earlier than anticipated, and to help facilitate the expansion of the EnerPlex brand through strengthening Ascent Solar’s balance sheet.”
Ascent intends to use the proceeds of the offering to fund continuing operations and accelerated expansion of both traditional and kiosk centric retail channels for its EnerPlex products, aggressive brand building, as well as the launch of additional EnerPlex products and
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www.compoundsemiconductor.net March 2014
product lines in 2014. There are no restrictions on use of proceeds.
A shelf registration statement (File No. 333-178821) relating to the securities being offered has been filed with and declared effective by the Securities and Exchange Commission. A prospectus supplement relating to the offering has been filed by the Company with the SEC.
Eternal Sun and Solliance to develop unique solar testing system
he project aims to gain new insights in the behaviour of all types of solar cells
A Dutch consortium, consisting of Eternal Sun, Hielkema Testequipment, Rera Solutions and Solliance partners ECN and TNO will develop a climate chamber with AAA- class accuracy simulated sunlight to simultaneously test performance and degradation of all types of solar cells and mini-modules.
This unique combination is able to gather information which is at the moment unattainable. The equipment is expected to become commercially available in the first half of 2015.
The new hybrid test setup will be based on an existing model, which has already been in use by TNO for three years. The combination of climate chamber and solar simulator is used for research on the performance and degradation of CIGS cells at the new Solliance facility at the High Tech Campus in Eindhoven.
The new hybrid test setup is a combination of a modified climate chamber, a multi cell IV-measurement system and a large area solar simulator. This simulator uses an array of lamps to produce AAA-class (less than 2 percent accurate) sunlight which is used to provide nearly flawless performance and degradation measurements of all types of solar cells and mini-modules.
The ultimate objective of the joint project is to gain new insights in the behaviour of all types of solar cells and mini-modules. Because the new hybrid test setup is able to simultaneously measure performance and degradation the combination is able to gather data which was previously unattainable.
This new data enables new research, focused on the performance of cells and mini-modules during the degradation process. The hybrid test setup enables Solliance to perform most existing IEC-tests as well as
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