Ascent Solar Technologies Inc., a developer of flexible thin-film solar modules, has entered into a memorandum of understanding (MOU) with The Energy and Resource Institute (TERI) of New Delhi, India.
Under the terms of the MOU, TERI will perform testing and performance evaluations of Ascent Solar's flexible thin-film modules and study the feasibility of including Ascent's modules in its flagship program, Lighting a Billion Lives (LaBL), and other projects currently under development at TERI.
Upon successful completion of evaluation of both technical and economical feasibility, TERI and Ascent Solar will mutually discuss and decide on the terms and conditions for the use of Ascent Solar's modules for the LaBL program and or other projects. TERI and Ascent Solar will also decide on the implementation model to follow once the evaluation phase is complete.
SOURCE: Ascent Solar Technologies Inc.
