Ascent Solar Technologies has signed a multi-year direct supply agreement with TurtleEnergy LLC, a premium photovoltaic (PV) systems integrator headquartered in Linden, New Jersey.
John Millard, founder of TurtleEnergy, stated, "Ascent Solar is well-positioned to reduce the cost of PV systems and enable introduction of innovative product solutions to the marketplace with its lightweight, flexible and high efficiency PV modules. This is a perfect compliment to our company as a leader in introducing new and unique value-added solutions for clients. Under our development agreement with Ascent Solar, we have gained considerable experience working with its product over the past ten months and are now pleased to become a customer as we plan to be the first solar systems integrator to come to market using our leading-edge approach using these materials."
Under the terms of the agreement, Ascent Solar expects to deliver up to 67 MW of its high efficiency flexible CIGS photovoltaic modules during the five year contract period. Ascent Solar is scheduled to begin shipping products to TurtleEnergy from its Thornton, Colorado manufacturing plant early next year.
Ascent Solar President and CEO Farhad Moghadam added, "We believe that this order will help establish Ascent Solar in one of the fastest growing markets in the United States. We are focused on enabling companies like TurtleEnergy to address new market opportunities, add value to existing lines of business and set a higher performance standard for flexible PV. TurtleEnergy is an excellent partner to have in reaching our new target markets."
About TurtleEnergy LLC:
TurtleEnergy LLC combines extensive design and systems engineering experience with a uniquely advantageous relationship with its parent company, Turtle & Hughes, drawing from its relationship to some 3,000 members of the electrical installation community.
TurtleEnergy has access to the best-of-breed photovoltaic components, and the leading professional contractor field teams operating in the electrical industry today.
TurtleEnergy is located in Linden, New Jersey.
Additional information for Turtle Energy can be found at www.turtleenergy.com
About Ascent Solar Technologies:
Ascent Solar Technologies, Inc. is a developer of thin-film photovoltaic modules with substrate materials that can be more flexible and affordable than most traditional solar panels.
Ascent Solar modules can be directly integrated into standard building materials, space applications, consumer electronics for portable power or configured as stand alone modules for large scale terrestrial deployment.
Ascent Solar is headquartered in Thornton, Colo.
Additional information can be found at www.ascentsolar.com .