MiaSole Achieves Efficiency Milestone for Panel Production

SANTA CLARA, Calif., Feb. 1, 2012 /PRNewswire/ -- MiaSole, the leading manufacturer of copper indium gallium selenide (CIGS) thin-film photovoltaic solar panels, today announced that the company achieved a 17.3 percent champion device result, while the manufacturing process for 14 percent efficiency is now in production at its facility in Silicon Valley, California. These latest achievements occur ahead of schedule, and represent an increase of more than 30 percent in efficiency from this time last year.

(Photo:  http://photos.prnewswire.com/prnh/20120201/NY45754 )

"The progress in efficiency gains we've repeatedly demonstrated are further proof that we're aggressively moving toward a cost structure that is competitive with top-tier global solar manufacturers," said John Carrington, CEO of MiaSole.

With increased manufacturing efficiency and investment in research and development, MiaSole has been able to unlock the vast potential for CIGS thin-film in the solar industry. To date, MiaSole has shipped over 55MW with its panels being used for a wide range of global projects in North America, Europe and Asia. The panels have been selected for a range of segments from utility scale fields to rooftops, and unique applications like electric vehicle recharging stations.

"Our ability to deliver 14 percent in production with the capability to achieve efficiency up to 17 percent further emphasizes the progress we are continuously making against our roadmap," said Carrington. "Our ultimate goal is to continue scaling innovation and deliver the lowest levelized cost of electricity to our customers."

About MiaSole

MiaSole is a pioneer and leading developer of copper indium gallium selenide (CIGS) thin-film photovoltaic solar panels, one of the lowest-cost, highest efficiency solar panels in the world. MiaSole's primary mission is to advance the extraordinary potential for harnessing solar power as a competitive, sustainable energy source. MiaSole operates its manufacturing facilities in California.

Contact:
Matt Marcus
[email protected]
Phone: 212-537-8742
MiaSole
http://www.MiaSole.com 

SOURCE MiaSole

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