Although it still won't divulge much about its process or materials
set, San Jose-based next-gen thin-film photovoltaic startup
Stion has come ever-so-slightly out of stealth mode.
Unlike
a few months back when I blogged about the stealthiness of Stion
and used whatever scraps of information and speculative research I
could dig up, the company has revealed a few more details during a
presentation at Greentech Media's PV Annual 2008 conference last week
and has just announced the hiring of two new vice presidents.
Frank Yang, Stion's manager of business development, sent me a copy
of the presentation as well as the press releases about solar industry
vets Robert Wieting and Steven Aragon joining the company. Wieting
takes on the VP of R&D role after a stint at Regenesis Power, a
turnkey PV systems firm. Before that, he worked with Stion's
president/CEO Chet Farris at Shell Solar, where Wieting ran the tech
team that set up the first fully qualifed, megawatt-scale manufacturing
line of copper indium (di)selenide (CIS).
Aragon comes to the startup as VP of engineering, the same role he
held at his previous job at Daystar Technologies, one of the many
companies vying for CIGS thin-film legitimacy. Aragon worked at
Advanced Energy before the Daystar gig, where he helped get that
company's solar product lines going.
As for the presentation, the company offers the propositions that
it "must be able to differentiate against major players" and that the
"combination of cost and efficiency" are critical. It's targeting $3
per watt-peak for installed system cost (that's unsubsidized grid
parity), or about 15 cents kilowatt-hour in the US. Unlike many
companies in the thin-film PV domain, Stion says it doesn't want to get
into "the equipment development business" and wants to use "proven high
volume, low-cost deposition technologies." It also plans to deploy what
it calls "readily available, environmentally benign materials."
Stion's primary market focus? "End-of-wire large rooftop systems"
of 500 KW to 1 MW. It plans to "drive cycles of learning with a
data-driven statistical approach" (something definitely not unique to
the firm and sounding very semiconductor-ish) and to work in parallel
on R&D, engineering, reliability and manufacturing.
Although Stion's scions will not say what kind of thin-film
material they are using, speculation has centered on some application
of quantum-dot technology, given the background of CTO Howard Lee and
his work in that area. But the presentation does include two slides
that shed a bit more light on what they're up to.
The first one shows a chart that posits Stion's single- and
multijunction inorganic whats-its TFPV cells as having the "highest
theoretical efficiency" of any nonconcentrator PVs out there. The
company claims impressive theoretical maximums of 33% for its
single-junction cells and 50% for its multijunction cells, with bandgap
energies around 1.5 eV. The so-called company claims its product
development roadmap includes efficiencies of >15% for the first
generation and >20% for the second.
A slide depicting its "cutting-edge fourth-generation technology"
reveals a generic film-stack cutaway, with two sets of transparent
conductive oxide (TCO), window, absorber, and back-contact layers
sandwiched together between two pieces of glass. The caption
inelegantly reads "materials and device structure allow for combination
of high efficiency and utilizing proven production technologies," but
offers no film thicknesses or process flow info, let alone the
materials components of any of those four layers. Since molybdenum is
the most common back-contact film used in many TFPV processes, can we
at least assume it might be used in Stion's stack as well? Apparently
not...yet.
The presentation continues with a slide titled "Pursuing lowest
installed system cost, showing Stion's gen-1 and gen-2 products
comparing favorably, in terms of efficiency versus cost/watt, with
thin-film leader First Solar, silicon stalwarts Sharp, Kyocera,
Evergreen, Suntech, Sunpower, and Sanyo, as well as amorphous-silicon
thin-film pioneer Uni-Solar. But the chart includes no percentages or
dollar amounts on its y- and x-axes--the proverbial normalized graph.
The final slide, headlined "Future expansion strategy," says that
Stion will "launch US-based production first, (then) partner globally."
Whether that means an captive or outsource manufacturing strategy is
not clear, although statements (see below) indicate the company will
first build its own factories before deciding to do any production on
an outside contract basis.
The next line reads "Decentralized approach enables maximum
flexibility in changing market." A planetary map features bullseye-like
circles colored green signifying the company's primary markets, and
circles colored yellow for its secondary markets. The US, Europe, India
(or is it Pakistan?), China, and Japan are tagged with the green dots
(no surprise there), while South America (specifically Brazil),
Southeast Asia (specifically Indonesia), Australia, and North Africa
(looks like Libya) carry the yellow markers. The untapped Antarctican
market apparently is not a part of Stion's gameplan.
Stion's Yang told Greentech Media
last week that the company plans to close its Series C round of
financing by the end of 2008, which should be enough to get the company
into production, first with a 5-MW pilot facility by 2009 and a 25-MW
commercial line the following year. He said the company expects to have
its first working prototypes of its high-efficiency cells by the end of
this year or beginning of next, and the first products on the market by
early 2010.
It may not be much, but at least Stion has shed a
little light on what it's up to, even if a few minor details like its
enabling material technology remain a closely held secret.