News

14 January 2010

 

Spire awarded $2m from DOE tax credit program

Spire Corp of Bedford, MA, USA, which provides capital equipment and turnkey production lines for manufacturing photovoltaic (PV) cells and modules, says that its epiwafer foundry subsidiary Spire Semiconductor LLC of Hudson, NH has received confirmation from the US Department of Energy (DOE) that its ‘48C’ application under the Advanced Energy Manufacturing Tax Credit (MTC) program has been approved, leading to the allocation of more than $2m for the expansion of its III/V Compound Semiconductor Foundry facility.

“Spire Semiconductor being awarded over $2m in tax credits for its path of commercialization of our concentrator photovoltaic (CPV) technology could not have come at a better time,” says Spire Corp’s chairman & CEO Roger G. Little. “We have just announced the approval of Phase II of our National Renewable Energy Laboratory (NREL) subcontract for developing technology to cost-effectively manufacture 42%-efficient, 500-sun, multi-junction concentrator solar cells for systems,” he adds.

“With the PV industry continuously growing, the availability of this tax credit will allow us to grow along with it,” Little continues. “This opportunity will allow us to establish a state-of-the-art commercial manufacturing line to produce our proprietary triple-junction high-efficiency cells and support our growing CPV customers.”

See related items:

Spire authorized for Phase II of NREL CPV contract

Spire awarded $3.7m NREL program to develop 42%-efficient CPVs

Search: Spire Semiconductor III-V triple-junction tandem CPV GaAs solar cells Epiwafer foundry

Visit: www.spirecorp.com/spire-bandwidth-semiconductor

Visit: www.energy.gov/recovery/48C.htm