Spire Semiconductor to Develop 42% Efficient Concentrator Solar Cells
NREL awards Spire Semiconductor a contract to develop triple junction 42% efficiency concentrator cells. Technology developed will provide the processing platform for Spire’s “Triathlon” series of commercial concentrator solar cells.
BEDFORD, Mass.--April 6 2009 --Spire Corporation (Nasdaq: SPIR) today announced that its wholly owned subsidiary, Spire Semiconductor, LLC, has been awarded an 18-month, $3,706,359 program by the Department of Energy’s National Renewable Energy Laboratory (NREL), consisting of $2,960,850 in government funding and a $745,509 cost share. Under the contract, Spire Semiconductor will develop next-generation manufacturing technology to produce 42% efficient III-V three junction tandem concentrator solar cells.
Edward D. Gagnon, General Manager of Spire Semiconductor, stated, “We are pleased that NREL selected Spire to participate in this highly competitive Photovoltaic (PV) Technology Incubator program, whose goal is to shorten the timeline for companies to transition prototype and pre-commercial PV technologies into pilot and full-scale manufacture. Our new growth technique has the potential for producing concentrator cells with record-level efficiencies with lower manufacturing costs and higher reliability.”
Roger G. Little, Chairman and CEO of Spire Corporation, added, “Spire has been involved in the solar energy market for over 25 years. Development of this cell will put us in an excellent position to capitalize on the growing market opportunity for custom gallium arsenide (GaAs) based solar cells for Concentrator Photovoltaic (CPV) systems. Our Spire Semiconductor facility has state-of-the-art capabilities for producing these devices. We plan to offer our new series of triple junction “Triathlon” concentrator solar cells to system integrators around the world.”
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture PV modules and cells worldwide. Spire Semiconductor is a compound semiconductor foundry specializing in wafer epitaxy and device fabrication, including custom GaAs cells for solar concentrator systems. Spire Semiconductor also provides processing technology for Spire’s silicon solar cell manufacturing lines. For corporate or product information, contact Spire Corporation, “The Turnkey Solar Factory Company,” at 781-275-6000, or visit www.spirecorp.com or visit Spire Semiconductor, LLC at www.spiresemi.com.
Certain matters described in this news release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company's Form 10-K and other periodic reports filed with the Securities and Exchange Commission.
Contacts Spire Semiconductor, LLCBrad Siskavich, 603-595-8900Solar Business Development Manager
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Showing posts with label Spire Corporation (Nasdaq: SPIR). Show all posts
Showing posts with label Spire Corporation (Nasdaq: SPIR). Show all posts
Monday, April 06, 2009
Thursday, February 19, 2009
Solar Company Spire Initiates “Come to America” Program
Spire Initiates “Come to America” Program
Spire Introduces Mark Case, Vice President of Photovoltaic Factory Management, to Lead this Initiative.
BEDFORD, Mass.---Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkey solar factories to manufacture photovoltaic (PV) modules worldwide, today announced that it has initiated its “Come to America” program to assist foreign manufacturers of PV modules to establish manufacturing operations in the United States (U.S.). The U.S. is projected to be the most rapid growing PV market in the world, doubling each year over the next few years with projections of over five gigawatts (GW) through 2011 (Barclays Capital Solar Energy February 2009). To take full advantage of the newly signed economic stimulus bill, foreign manufacturers would need to produce their modules in the U.S.
Spire has been a major supplier of turnkey factories worldwide and has participated in all aspects of the U.S. market, including establishment of manufacturing lines, producing systems, and has conducted U.S. Department of Energy funded research and development programs and has advised the U.S. Congress on solar policy directions for more than 30 years. This experience coupled with ongoing involvement in all sectors of PV in the U.S. makes Spire ideally suited for “bringing companies to America”.
Assembling modules from solar cells in distributed module assembly lines is a cost effective approach to market entry. Shipping costs are reduced and solar cells usually represent the intellectual property part of the module. Manufacturing modules near the market also stimulates local market growth, results in local tax incentives and incentives for job creation. Spire offers turnkey lines for both module and cell production. Spire also provides factory siting, factory management, module certification, cell and other material supply and guidance through the General Services Administration and other U.S. requirements.
Leading this initiative is Mark R. Case who has recently been added to Spire’s senior staff as Vice President of Photovoltaic Factory Management. Mr. Case joined Spire from Flextronics where he was Vice President of the Energy Division within Flextronics’ FLEXIndustrial business segment. His work concentrated on the PV industries.
Mr. Case’s responsibilities at Spire will focus on the “Come to America” program for international suppliers. He will provide factory management services and coordinate after factory support including cell and wafer supply, equipment service and equipment upgrades. Additional responsibilities include deal structures and management contracts.
Roger Little, CEO and Chairman of Spire Corporation, said, “We have waited a long time for the U.S. PV market to develop. Now that it’s ready to take off we’re excited about where we are today and what we can offer new entrants. It has taken us 30 years to have put ourselves in the position of being able to provide the breadth of support that we now have from plant siting to plant management to module manufacturing and qualification to navigation through U.S. laws and requirements.”
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture photovoltaic cells and modules worldwide. Spire Semiconductor develops and manufactures custom gallium arsenide solar cells and other related products. For corporate or product information, contact Spire Corporation, “The Turnkey Solar Factory Company,” at 781-275-6000, or visit www.spirecorp.com.
Certain matters described in this news release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company's Form 10-K and other periodic reports filed with the Securities and Exchange Commission.
Contacts Spire CorporationRoger G. Little, 781-275-6000Chairman & CEO
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
Member sign-up- http://www.investorideas.com/membership/
Spire Introduces Mark Case, Vice President of Photovoltaic Factory Management, to Lead this Initiative.
BEDFORD, Mass.---Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkey solar factories to manufacture photovoltaic (PV) modules worldwide, today announced that it has initiated its “Come to America” program to assist foreign manufacturers of PV modules to establish manufacturing operations in the United States (U.S.). The U.S. is projected to be the most rapid growing PV market in the world, doubling each year over the next few years with projections of over five gigawatts (GW) through 2011 (Barclays Capital Solar Energy February 2009). To take full advantage of the newly signed economic stimulus bill, foreign manufacturers would need to produce their modules in the U.S.
Spire has been a major supplier of turnkey factories worldwide and has participated in all aspects of the U.S. market, including establishment of manufacturing lines, producing systems, and has conducted U.S. Department of Energy funded research and development programs and has advised the U.S. Congress on solar policy directions for more than 30 years. This experience coupled with ongoing involvement in all sectors of PV in the U.S. makes Spire ideally suited for “bringing companies to America”.
Assembling modules from solar cells in distributed module assembly lines is a cost effective approach to market entry. Shipping costs are reduced and solar cells usually represent the intellectual property part of the module. Manufacturing modules near the market also stimulates local market growth, results in local tax incentives and incentives for job creation. Spire offers turnkey lines for both module and cell production. Spire also provides factory siting, factory management, module certification, cell and other material supply and guidance through the General Services Administration and other U.S. requirements.
Leading this initiative is Mark R. Case who has recently been added to Spire’s senior staff as Vice President of Photovoltaic Factory Management. Mr. Case joined Spire from Flextronics where he was Vice President of the Energy Division within Flextronics’ FLEXIndustrial business segment. His work concentrated on the PV industries.
Mr. Case’s responsibilities at Spire will focus on the “Come to America” program for international suppliers. He will provide factory management services and coordinate after factory support including cell and wafer supply, equipment service and equipment upgrades. Additional responsibilities include deal structures and management contracts.
Roger Little, CEO and Chairman of Spire Corporation, said, “We have waited a long time for the U.S. PV market to develop. Now that it’s ready to take off we’re excited about where we are today and what we can offer new entrants. It has taken us 30 years to have put ourselves in the position of being able to provide the breadth of support that we now have from plant siting to plant management to module manufacturing and qualification to navigation through U.S. laws and requirements.”
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture photovoltaic cells and modules worldwide. Spire Semiconductor develops and manufactures custom gallium arsenide solar cells and other related products. For corporate or product information, contact Spire Corporation, “The Turnkey Solar Factory Company,” at 781-275-6000, or visit www.spirecorp.com.
Certain matters described in this news release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company's Form 10-K and other periodic reports filed with the Securities and Exchange Commission.
Contacts Spire CorporationRoger G. Little, 781-275-6000Chairman & CEO
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories.
Member sign-up- http://www.investorideas.com/membership/
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