Solexant rebrands as Siva Power, switches to CIGS to aim for gigawatt production capacity
"Unlike silicon photovoltaics (PV), our new approach provides a pathway to building the solar industry’s ‘factory of the future’ with gigawatt production capacity, and the world’s lowest cost in solar," said company CEO Brad Mattson. "Two years of data-driven research and analysis has led us to pursue a co-evaporated CIGS via monolithic integration on glass technology."
Drawing upon Mattson’s past success in scaling new semiconductor technologies through process, equipment and materials innovation, the company cancelled its expansion plan to build a 100 MW CdTe production line in Oregon, USA, and instead tripled its R&D budget with a goal of investigating new technologies that offered much lower cost production. After investigating several promising solar technologies including GaAs, InP, CZTS, CdTe and CIGS, Siva determined that CIGS technology was the only viable path to less than $0.40/watt.
Siva Power has completed the company’s R&D phase and is raising money to build its first production line. The 300 MW facility is larger than any other full production line by a factor of three times other thin film lines and 10 times typical silicon lines.
Visit Siva Power at www.sivapower.com
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