Spire Corp. says that its wholly owned subsidiary, Spire Semiconductor LLC, has completed Phase I of its High Efficiency Concentrator Solar Cell program with the Department of Energy's National Renewable Energy Laboratory (NREL) and has been notified that NREL will authorized Phase II of the program.
Under the 18-month, $3.7 million cost-share subcontract, Spire Semiconductor is developing technology to cost-effectively manufacture 42% efficient, 500-sun, concentrator solar cells for concentrator photovoltaic (CPV) systems.
Spire Semiconductor passed through the NREL Stage Gate Review, a decision point designed to validate the progression of the project and assure that progress meets contract objectives. These objectives include estimates of key performance parameters of competitive levelized cost of energy, annual manufacturing capacity potential, direct manufacturing cost and cell mean time between failures.
SOURCE: Spire Corp.