Ascent Solar names former Applied exec Farhad Moghadam as new president/CEO


Thin-film PV developer Ascent Solar Technologies has named former Applied Materials executive Farhad Moghadam as the company’s new president and CEO, effective August 3. The announcement culminates a nine-month executive search conducted by the flexible CIGS module company.

Most recently, Moghadam was a senior VP/GM at Applied, where he led the solar, semiconductor, and LCD capital equipment company’s largest business unit, the thin films product group. He also served on the board of Sokudo, a joint venture between Applied and Dainippon Screen.

Before joining Applied, Moghadam held management positions at Intel. He received his PhD in materials science and engineering from Stanford University and has authored more than 250 publications and is a named inventor on approximately 65 patents.

Since 2007, Moghadam has been engaged with prominent private equity firms, and he recently assisted companies seeking to participate in the U.S. Department of Energy loan guarantee program with independent engineering assessments and bankability evaluations.
“Ascent Solar is moving rapidly on many business fronts, and we expect that the addition of Dr. Moghadam to lead our company will help us meet the challenges associated with the rapid growth we see ahead,” said the Colorado-based company’s founder/chairman, Mohan Misra. “Moghadam possesses an impressive track record at Applied and Intel in shaping and building the businesses of those leading companies. We are confident that Ascent Solar will benefit significantly from [his] outstanding, broad-based qualifications and experience.”
Moghadam said that “Ascent Solar is among a very few PV companies which has proven technology ready for high-volume manufacturing of CIGS PV material on a plastic substrate. There are two key constraints in solar industry today—efficiency and cost. I believe that Ascent Solar, through extensive process development and characterization, has a unique product ready for scale-up.”

The news about Moghadam’s appointment marks the second executive move in the CIGS space in recent days. SoloPower named VC and semiconductor industry vet Lou DiNardo as interim president/CEO last week.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Read Next

June 14, 2024
US renewable energy project developer Ameren Missouri has acquired a 150MW solar PV project in the state of Illinois.
June 14, 2024
PV Tech's coverage of the SNEC 2024 trade show continues on day two, kicking off with a discussion with GCL System Integration.
June 14, 2024
PV Tech Premium looks at FERC's recent ruling on Order 1920 and how it will affect transmission planning in the future.
June 14, 2024
Edify Energy has proposed a 200MW solar PV farm near the newly rebuilt Callide coal-fired power station in Central Queensland, Australia.
June 13, 2024
A new report from Ember Climate has found that cumulative global solar manufacturing capacity will almost double solar deployment by 2030.
June 13, 2024
Spanish tracker manufacturer Soltec has launched a new floating tracker designed for inland water bodies such as reservoirs and ponds.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia