Ascent Solar seals 100 MW/year future deal

Ascent Solar Technologies has signed a Letter of Intent (LOI) with an undisclosed private company for future orders, projecting 2-5 MW total from 2027 to 2029 and 100 MW annually in the next decade. The company aims to enhance product efficiency for this client, enabling longer and more reliable power generation. Focused on surpassing 2023 production efficiencies, Ascent plans expansion, considering a mega-factory and potential collocation with the customer for added cost and schedule efficiencies.