The MDF will focus on the commercialization of silicon PV manufacturing processes to enable start-ups and other solar innovators to accelerate development and reduce time-to-market.
According to the company, the goal of this initiative is to reduce the cost, time and risk associated with the commercialization of PV solutions.
The company secured the funding as a part of the DOE’s SunShot Initiative, which was launched to make large-scale solar PV energy systems competitive with other forms of energy and eliminate the industry’s reliance on subsidies by the end of the decade.
The initiative’s goal of reducing the costs of solar PV systems to roughly six cents per kWh is expected to allow solar energy systems to be broadly deployed across the country.
DOE secretary Steven Chu said that the SunShot Initiative will not only keep the US at the forefront in solar energy research and development, but will help the nation win the worldwide race to build a solar manufacturing industry that produces solar systems that are cost competitive with fossil fuels.
SVTC Solar is a subsidiary of SVTC Technologies that provides development and commercialization services for semiconductor process-based technologies and products in an IP-secure manner.
