Spire Semiconductor, the wholly owned subsidiary of Spire corporation, has received confirmation from the US Department of Energy (DOE) that it will receive US$2 million under the Advanced Energy Manufacturing tax credit (MTC) program. The funds will be used to expand the company’s III/V Compound Semiconductor Foundry facility in Hudson, New Hampshire.
Roger G. Little, chairman and CEO of Spire, said, “Spire Semiconductor being awarded over $2 million in tax credits for its path of commercialization of our concentrator photovoltaic (CPV) technology could not have come at a better time. We have just announced the approval of Phase II of our National Renewable Energy Laboratory (NREL) subcontract for developing technology to cost-effectively manufacture 42%-efficient, 500-sun, multijunction concentrator solar cells for systems.”
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Little concluded, “With the PV industry continuously growing, the availability of this tax credit will allow us to grow along with it. This opportunity will allow us to establish a state-of-the-art commercial manufacturing line to produce our proprietary triple-junction high efficiency cells and support our growing CPV customers.”
