Mascotte Holdings Limited will acquire a controlling 50.1% stake of Sun Materials, a Taiwan-based polycrystalline silicon manufacturer, with a consideration of US$150,000,000. Sun Materials claims a new polySi production process that saves costs and improves the environmental effect of silicon growth and production.
The US Department of Energy (DoE) is pledging another $112.5M over five years to support more solar energy projects under its SunShot initiative -- with half the funds going to a SEMATECH-led group at the U. of Albany CNSE.
Top Chinese solar companies are likely to ride out pricing softness due in part to global market uncertainties, willing to suffer ASP hits to drive market share, according to an analyst citing conversations with several vendors.
Spire Corporation (Nasdaq: SPIR) will provide the Spi-Sun Simulator 4600SLP to the European Commission's Joint Research Centre in Ispra, Italy (JRC ISPRA).
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) changed its strategy to market its lightweight, flexible thin-film solar module technology for emerging and specialty market applications, such as military and portable electronics charging. A new CEO and company resizing are in the works.
Schiller Automation won contracts for its BackBone glass handling system and high-speed ProLoad stations for thin-film photovoltaics manufacturing. The contracts expand Schiller's business opportunities in China.
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