Veeco Instruments, manufacturer of solar panel solutions, has been awarded a U.S. Department of Energy (DOE) funding to quicken the research and development for commercializing the Copper, Indium, Gallium, Selenium (CIGS) deposition systems.
The $4.8 million grant will enable the company to accelerate the commercialization procedure of multi-stage thermal deposition solutions for producing CIGS Solar cells.
DOE’s grant was a part of the SunShot High-Impact Supply Chain R&D Program, which aims to attain equal pricing between fossil-based electricity and solar electricity without utilizing additional subsidies.
Senator Kirsten Gillibrand stated that the $4.8 million grant would help in enhancing the research and development of solar power technology, thereby making solar power more efficient. He added that by making solar power more efficient, emissions can be reduced, thereby improving our environment.