South Korea-based SK Group has made a $19 million investment in US-based solar technology developer HelioVolt Corp. to commercialize its copper indium gallium selenium (CIGS) modules.
HelioVolt says that after several years of limited product shipments from its current facility in Austin, Texas, it is preparing to expand its capacity. The company wants to target residential, commercial and utility-scale projects with its thin-film CIGS modules.
HelioVolt is collaborating with Austin Energy on a commercial install of its modules on the roof of the nonprofit Yellow Bike Project. Austin Energy will own the 12.4 kW solar power system.Â
‘Through the company's work with the Department of Energy's SunShot technical assistance program at its regional test centers, we will provide independent third-party performance and reliability validation,’ says B.J. Stanbery, HelioVolt founder and chief science officer.