San Jose, Calif., April 16, 2012 — Solar Junction, a developer of high efficiency multi-junction solar cells for the concentrated photovoltaic market, announces a SUNPATH award from the Department of Energy 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 CPV’s $/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, falls under the Department of Energy’s 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.
Solar Junction announced in February a $19.2 million round, as well as an exclusive manufacturing agreement with IQE. 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.