High Conversion Efficiency Demonstrates Production Scale-Up; Full IEC and UL Certification Validates the Power of TriexTM Technology
FREMONT, Calif. -- (BUSINESS WIRE) --
Silevo, Inc., a solar cell innovator and photovoltaic (PV) solar module manufacturer, today announced that it has achieved greater than 21 percent conversion efficiency of its cost-effective, high performance TriexTM solar technology at its high volume manufacturing facility. This level of conversion efficiency in volume production is one of the highest across the solar industry and demonstrates the company's successful progression from pilot production to high volume manufacturing.
Silevo's proprietary Triex technology is a hybrid solar module that goes beyond traditional silicon-based PV to deliver high efficiency and low temperature coefficients at a previously unattainable cost of production. Both Triex R-Series and Triex U-Series have achieved full International Electrotechnical Commission (IEC) and Underwriters Laboratories (UL) certifications. With validation in place, Silevo is currently shipping commercially to its first customers and has a strong customer pipeline of over 250 megawatts (MW) of agreements in Europe, the United States and China. The significant customer response to Silevo's initial product entry further validates Silevo's modules' lead in lowering balance of system (BOS) costs with high energy harvest, enabling the lowest levelized cost of electricity (LCOE) in the industry.
"We are pleased to commence commercial production of Silevo modules with greater than 21 percent conversion efficiency," said Zheng Xu, founder and CEO of Silevo. "With a huge reduction in panel prices over the past two years, it's now time to focus on a technology that can bring significant BOS savings, as well as an increased energy yield. Silevo's Triex technology is the first offering that couples high efficiency, high yield and scalable, cost-effective production, which will result in the next wave of profitable cost reduction for all players along the PV value chain."
Silevo's proprietary Triex technology evolves silicon-based PV as the first hybrid solar solution to combine high-performance crystalline silicon N-type substrates, thin-film passivation layers and a unique tunneling oxide layer-all in a single solar module. Powered by breakthrough "tunneling junction" architecture, these three materials together enable the Triex module to deliver high efficiency, competitive module costs and optimal energy harvest. Silevo produces two series of Triex modules:
- The Triex R-Series module product line is tailored to distributed grid applications in which high power output and small form factor are essentials for cost-effective installation and service. The module is only 1.28 square meters in size with a power output of 235 watt-peaks per panel, which represents an 18.4 percent total area module efficiency.
- The Triex U-Series module product line, with powers of 305 watts and a form factor of only 1.69 square meters, enables the large-scale commercial segment as well as the ground mount utility space by decreasing the installation costs per module installed.
With the validation of its first 32 MW production line, Silevo is now focused on expanding factory capacity and leveraging economies of scale and purchasing power to meet its high customer demand. The company is on track to have approximately 230 MW of capacity online in 2013.
About Silevo, Inc.
Silevo, Inc. is a photovoltaic (PV) solar module manufacturer and innovator that evolved silicon-based cells and modules to both increase performance and lower costs, with the ultimate goal of achieving grid parity. The company was founded in 2007 by leading executives and innovation engineers from the semiconductor industry with the business strategy of combining U.S.-based headquarters and R&D facilities with scalable, automated, low cost manufacturing operations in Hangzhou, China. Silevo's unique technology and a low cost operations model aligns with its mission to transition today's subsidized PV market into a self-sustaining future that furthers widespread solar adoption. For more information, please visit www.silevosolar.com.
CONTACT:
Schwartz MSL
Lauren Whitehouse, 415-512-0770
silevo@schwartzmsl.com
or
Silevo, Inc.
Chris Beitel, 510-771-1394
chris_beitel@silevosolar.com
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