Spire’s wholly-owned subsidiary, Spire Semiconductor, LLC, has been awarded a $3,706,359 contract by the National Renewable Energy Laboratory (NREL) for the development of next-generation manufacturing technology to produce 42% efficient III-V triple-junction tandem concentrator solar cells.
The resulting technology will be used in the platform for Spire’s “Triathlon” series of concentrator solar cells. The 18-month contract payment consists of $2,960,850 in government funding and a $745,509 cost share.
“Spire has been involved in the solar energy market for over 25 years,” commented Roger G. Little, Chairman and CEO of Spire Corporation. “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.”