DayStar today announced an award of $250,000 from the New York State Energy Research and Development Authority (NYSERDA) to develop energy-efficient processes to manufacture solar cells with the goal of reducing the costs of producing each solar cell.
HALFMOON, N.Y., Aug. 18 /PRNewswire-FirstCall/ -- DayStar Technologies, Inc. (Nasdaq: DSTI - News), a developer and manufacturer of proprietary flexible solar cells without silicon on specialty metal foils, today announced an award of $250,000 from the New York State Energy Research and Development Authority (NYSERDA) to develop energy-efficient processes to manufacture solar cells with the goal of reducing the costs of producing each solar cell.
DayStar is currently ramping up its proprietary manufacturing process and believes, that at full capacity, it will produce solar cells at large volumes beyond 100 megawatts per plant. Co-funding from NYSERDA's Industrial Process and Productivity Improvement program will help DayStar lower the cost of producing solar power while also reducing the energy used in manufacturing and advancing DayStar's environmentally friendly production process.
Peter R. Smith, President of NYSERDA, noted DayStar's advanced development program. "The bright ideas that DayStar brings to us for development are putting New York in the forefront of the evolving clean-energy industry. These advanced designs will yield higher efficiencies and more reliable electric service -- and provide jobs right here in the Empire State."
"NYSERDA has been incredibly supportive every step of the way since it helped DayStar Technologies move to New York state from California in 2004," said Dr. Steve Aragon, DayStar's Vice President of Engineering. "This co-funding will help us reduce the costs of producing our propriety solar cell by increasing the speed and reducing the energy used in the process. As a renewable energy company, we're focused on using the least amount of energy ourselves, regardless of the source."
NYSERDA's Industrial Process and Productivity Improvement program encourages innovative process and productivity improvements that demonstrate a quantifiable energy benefit at industrial facilities in New York state. DayStar is developing a continuous, in-line, manufacturing tool that will replace a more costly process with a state-of-the-art technique, saving significant energy and improving production rates as part of their GEN-III manufacturing goals.
About DayStar Technologies, Inc.:
DayStar Technologies, Inc. is an emerging leader in low cost, high efficiency Photovoltaic Foil(TM) that converts sunlight into energy. The Company's patented and proprietary products include silicon-free CIGS solar cells, which are deposited on flexible metal foils using production processes adapted from commodity computer component manufacturing. DayStar believes the unique combination of its CIGS solar cell design coupled with proprietary manufacturing processes on flexible metal substrates can lead to solar electricity at commercially viable rates. For more information on the Company, please visit www.daystartech.com
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