China Nuvo Solar Energy, Inc. announced today that it will be developing a
low-cost solar cell based on thin-film CIGS technology with its collaboration
partner, Pioneer Materials, Inc., at its pilot production facility in Chengdu,
China. CIGS, which stands for copper indium gallium selenium, has achieved the
highest efficiency for thin-film photovoltaics at 19.9%, which rivals the performance
of crystalline based silicon solar cells. With thin-film manufacturing techniques,
CIGS thin-film solar cells can be made with 1/100th of the materials used in
crystalline based silicon solar cells.
The Company believes that thin film CIGS represents second generation solar
technology when compared to traditional poly-Si manufacturing technology. When
compared to poly-Si, the Company believes CIGS provides for significantly reduced
wafer thicknesses with a significant increase in per kilogram wattage production.
Also, CIGS avoids the cadmium toxicity issues surrounding the other mainstream
thin-film technology, CdTe or cadmium telluride. In addition, the CIGS thin
film solar cells can be made with much less energy input than conventional crystalline
based silicon solar cells.
As previously announced, the Company has executed a Collaboration Development
Agreement with PMI for the Company’s pilot production project in Chengdu,
China. The initial project focus is to develop a single junction solar cell
with commercial efficiency utilizing materials provided by PMI and incorporated
into the Company’s ceramic sleeve solar technology. The Company believes
this will provide the baseline for development of a multi-stacked solar cell
that could provide an even higher degree of efficiency. The ultimate goal of
the project is to develop and produce a highly efficient, commercially viable,
lower cost-per-watt solar energy cell.
China Nuvo Solar Energy, Inc. is a development stage company that owns a unique
patent pending solar technology and is working to develop a commercially viable
higher efficiency stacked solar cell.