US DOE Awards $57m to Fund Advanced Solar Project

Last week, the U.S. Department of Energy (DOE) announced a $57 million award to The College of Nanoscale Science and Engineering (CNSE) at the State University of New York at Albany as part of its SunShot Advanced PV Manufacturing Partnerships Program. Veeco Instruments Inc. (Nasdaq: VECO), a leading provider of equipment for the solar industry,announced today that it is a key partner for CNSE on this project as part of the U.S. Photovoltaic Consortium.

The DOE's SunShot Initiative aims to reduce the total costs of photovoltaic solar energy systems by about 75 % so that CIGS (Copper, Indium, Gallium, Selenide) solar is cost competitive with other forms of energy by the end of the decade. Achieving this goal - equivalent to approximately $1 per watt or roughly 6 cents per kilowatt-hour for utility systems - would allow solar energy systems to be broadly deployed across the country.

Last week, the U.S. Department of Energy (DOE) announced a $57 million award to The College of Nanoscale Science and Engineering (CNSE) at the State University of New York at Albany as part of its SunShot Advanced PV Manufacturing Partnerships Program. Veeco Instruments Inc. (Nasdaq: VECO), a leading provider of equipment for the solar industry,announced today that it is a key partner for CNSE on this project as part of the U.S. Photovoltaic Consortium The DOE's SunShot Initiative aims to reduce the total costs of photovoltaic solar energy systems by about 75 % so that CIGS (Copper, Indium, Gallium, Selenide) solar is cost competitive with other forms of energy by the end of the decade.

chieving this goal - equivalent to approximately $1 per watt or roughly 6 cents per kilowatt-hour for utility systems - would allow solar energy systems to be broadly deployed across the country. John Peeler, Veeco's Chief Executive Officer commented, "We are excited to be a key partner for the CNSE project. Driven by the world-class innovation at CNSE, the PVMI CIGS consortium will provide a full-scale CIGS center enabling the whole PV supply chain to work together to deploy new technologies, and enable the transition to commercial production. Bringing together end-users, module manufacturers, suppliers, and technologists is the most efficient way to rapidly advance technology. This center has all the elements to speed the progress of CIGS commercialization. Mr. Peeler added, "In addition to acknowledging the Department of Energy for this funding and their support of CIGS technology advancement, Veeco would like to take this opportunity to thank our Congressman, Steve Israel, who has been instrumental in helping get the PVMI project off the ground." Representative Steve Israel (D-NY) commented, "Investments in our growing clean technology industry are critical to both our economic recovery and our national security.

Veeco is a leader at finding innovative ways to produce solar technology in New York and across the country. This latest Department of Energy funding and support of the CNSE PVMI project will bolster our efforts to compete globally as a clean energy leader." David Bruns, Senior Vice President, Veeco Solar, added, "CNSE and SEMATECH have a proven model demonstrated in the semiconductor industry. By leveraging this model, we are confident the same success can be achieved in solar. The DOE's commitment to CIGS and Veeco has been strong and we are appreciative of their continued support."

Veeco received a $4.8M DOE R&D grant earlier this year to help speed its development of CIGS equipment technology. Veeco Solar currently has a small-scale pilot production line for CIGS development located in the Greater Albany region. CNSE Senior Vice President and Chief Executive Officer Dr. Alain E. Kaloyeros said, "On behalf of the UAlbany NanoCollege, we applaud the leadership and support of New York's federal delegation, led by Senior Senator Chuck Schumer along with Congressmen Paul Tonko, Chris Gibson and Steve Israel, in helping to secure this investment by the DOE.

Building on investments made by New York State and coupled with the pioneering model established by CNSE, this will infuse critical capital to position New York and the U.S. as world leaders in 21st century photovoltaic technologies. We look forward to working with Veeco as a key partner in our new PV Manufacturing Center." John Peeler, Veeco's Chief Executive Officer commented, "We are excited to be a key partner for the CNSE project.

Driven by the world-class innovation at CNSE, the PVMI CIGS consortium will provide a full-scale CIGS center enabling the whole PV supply chain to work together to deploy new technologies, and enable the transition to commercial production. Bringing together end-users, module manufacturers, suppliers, and technologists is the most efficient way to rapidly advance technology. This center has all the elements to speed the progress of CIGS commercialization.

Mr. Peeler added, "In addition to acknowledging the Department of Energy for this funding and their support of CIGS technology advancement, Veeco would like to take this opportunity to thank our Congressman, Steve Israel, who has been instrumental in helping get the PVMI project off the ground."

Representative Steve Israel (D-NY) commented, "Investments in our growing clean technology industry are critical to both our economic recovery and our national security. Veeco is a leader at finding innovative ways to produce solar technology in New York and across the country. This latest Department of Energy funding and support of the CNSE PVMI project will bolster our efforts to compete globally as a clean energy leader."

David Bruns, Senior Vice President, Veeco Solar, added, "CNSE and SEMATECH have a proven model demonstrated in the semiconductor industry. By leveraging this model, we are confident the same success can be achieved in solar. The DOE's commitment to CIGS and Veeco has been strong and we are appreciative of their continued support." Veeco received a $4.8M DOE R&D grant earlier this year to help speed its development of CIGS equipment technology. Veeco Solar currently has a small-scale pilot production line for CIGS development located in the Greater Albany region.

CNSE Senior Vice President and Chief Executive Officer Dr. Alain E. Kaloyeros said, "On behalf of the UAlbany NanoCollege, we applaud the leadership and support of New York's federal delegation, led by Senior Senator Chuck Schumer along with Congressmen Paul Tonko, Chris Gibson and Steve Israel, in helping to secure this investment by the DOE. Building on investments made by New York State and coupled with the pioneering model established by CNSE, this will infuse critical capital to position New York and the U.S. as world leaders in 21st century photovoltaic technologies. We look forward to working with Veeco as a key partner in our new PV Manufacturing Center."

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.