Ascent Solar Technologies Inc. (NASDAQ: ASTI) announced it has delivered test samples to two customers to evaluate the company's lightweight, flexible CIGS thin-film photovoltaic solutions in extreme environments, including underwater and space applications. The move underscores Ascent Solar's strategy to expand beyond its traditional markets into ocean monitoring and space-based power beaming.
The first customer is an ocean monitoring technology company that develops autonomous underwater vehicles capable of high-speed, long-endurance operations. This customer will test Ascent Solar's technology for functionality and durability in aquatic terrestrial applications, aiming to enable persistent equipment operation for ocean-based monitoring technologies. The second customer, a maker of cutting-edge power lasers for the space and defense industries, will evaluate Ascent's PVs for space-based power beaming receiving capabilities, which could facilitate power transmission between satellites in orbit.
“We see underwater and space applications as unique opportunities for thin-film PV to thrive, as the technology’s lightweight, flexible and durable design allows it to withstand the immense pressures and tempestuous conditions that define these environments,” said Paul Warley, CEO of Ascent Solar Technologies. “Our team looks forward to reviewing the findings from each of these tests, as we aim to unlock thin-film solar technology’s potential in both markets.”
Ascent Solar's CIGS PV products are manufactured at its 5MW production facility in Thornton, Colorado, and are known for their performance in low-light conditions and extreme temperatures, as well as their durability and long lifespan. The company claims it can deliver solar arrays in six to eight weeks, significantly faster than competitors with lead times of nine to 12 months.
The marine environment solar market is projected to grow from $1.2 billion today to $3.5 billion by 2033, while the space industry represents a $6.8 billion opportunity by 2040, according to the press release. Factors driving growth include the need for environmentally friendly power solutions, new regulations, and advances in solar panel efficiencies.
Ascent Solar has previously partnered with NASA's Marshall Space Flight Center and Glenn Research Center to develop space-based power systems using its CIGS PV modules. Additionally, the company inked a deal with NOVI Space Inc. to provide rollable PV array blankets for AI-powered satellites. These test deliveries mark a key milestone in Ascent's expansion into maritime and defense industries.
For more information, visit the original press release at NewMediaWire.
