Silicon Valley Solar secures agreement with German photovoltaic cell manufacturer
Silicon Valley Solar announced that they have finalized an agreement with ErSol that will ensure the supply of high efficiency cells to support the development and early production stages of the company's Sol-X2 internal concentrator solar modules.
"We're very enthusiastic about the opportunity to work with ErSol given their rapid growth and prominence in the German PV industry", stated Dave Shannahan, president of SV Solar. "This agreement provides an essential component for the execution of our development and manufacturing plan. ErSol has been very supportive both in terms of the volume commitment and competitive pricing."
"Given the strength of worldwide demand for solar modules, ErSol welcomes the opportunity to support SV Solar and their Sol-X technology," added Dr. Claus Beneking, CEO of ErSol. "We believe this is an intelligent approach to leveraging the existing supply of silicon to meet demand in a cost effective way."
ErSol will be supplying E6M+ Black Power Cells using mono-crystalline silicon to achieve between 16.26% and 17.47% efficiency. Initially ErSol will be supporting development and pre-production. After SV Solar satisfies certain milestones, ErSol will be providing a sufficient quantity of cells to support SV Solar's initial mass production ramp, estimated to be at least 2-3 quarters, by which time a long term cell supply contract will be established.
"The key benefit of Sol-X technology is the fact that we can generate the same or even more power with less than half the number of PV solar cells," said Dr. Christoph Goeltner, VP of engineering for SV Solar. "Since Sol-X is essentially a ‘multiplier' of the solar cell used, ErSol's E6M+ cells provide an advantage to achieve high module efficiency."
