AXT, Inc., a leading manufacturer of compound semiconductor substrates, today announced that it has become a charter member of the CPV Consortium, a global industry organization that supports the development and long-term success of the concentrator photovoltaics (CPV) industry, with the goal of providing a low-cost, reliable source of renewable energy. Concentrator photovoltaic (CPV) cells, referred to as "multi-junction" or "III-V" cells, offer significantly higher efficiencies than traditional photovoltaic systems. In addition to AXT, CPV Consortium charter members include 3M, Concentrix, Emcore, ISFOC, Isofoton, Solfocus and Veeco.
"We are very pleased to join the CPV Consortium as a charter member alongside a distinguished list of companies that we know and respect," said Phil Yin, chairman and CEO. "Given the importance of alternative energy development and the ongoing technical success in advancing the efficiency and cost-effectiveness of CPV cells, we strongly believe in the Consortium's mission to provide a solid foundation and infrastructure that supports every aspect of bringing this promising technology to mainstream applications. We are proud to be the first charter germanium substrate member to join the Consortium and we look forward to actively contributing to its success."