EMCORE Corp. has entered into two new supply agreements for solar cells and receivers with a total value of over $40 million. The larger of the two purchase contracts is a multi-year supply agreement for solar cells, to be delivered over four years.
The product to be delivered will be incorporated into concentrating photovoltaic (CPV) systems developed for commercial rooftop installations, as well as utility-scale solar farms. The customers placing these orders are targeting CPV deployments in the U.S., with a particular focus on the California market.
Production for these orders has commenced, and approximately $1 million of product is expected to be shipped in the present quarter.