Ascent Solar reports over US$1 million for annual revenue

Facebook
Twitter
LinkedIn
Reddit
Email

Flexible CIGS thin-film firm, Ascent Solar surpassed US$1 million in annual revenue for the second time since it started operations in 2005.

The company reported total revenue for 2013 of US$1.3 million, up from US$1.2 million in 2012. Product revenue, excluding US government contracts increased from US$0.6 million to $1.1 million, a 93% increase, compared to previous year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

However, there was little change in net operating losses, which were US$27 million in 2013, down from US$27.9 million in 2012.

A significant proportion of annual sales occurred in the fourth quarter of 2013, which amounted to US$580,000, up 112% from the previous quarter.

“2013 is the first year in Ascent's history since incorporation in 2005 to have reported product revenue in excess of $1 million” noted, Victor Lee, President and CEO of Ascent. “Continued rapid growth of ‘EnerPlex’ product sales reflects positive returns from aggressive investment in our sales channels, both traditional, direct retail and e-commerce; as well as affirming the widespread customer acceptance of our unique and distinctive product line.”

Read Next

September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 11, 2025
German renewable energy developer ib vogt has signed a 70MW solar PV virtual power purchase agreement (vPPA) in Romania.
September 11, 2025
Madison Energy Infrastructure has raised US$800 million to accelerate the deployment of clean energy assets across the US. 
September 11, 2025
The PEARL Consortium has developed perovskite solar cells with carbon electrodes with a conversion efficiency of 21.6%.
September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 11, 2025
Constant Energy has secured THB300 million (US$9.4 million) in green financing from HSBC to expand large-scale solar and battery storage projects in Thailand. 

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines