Intevac, Inc. today announced the receipt of an order for 12 ENERGi™ ion implant systems for solar cell manufacturing. A record solar order for Intevac's Thin-film Equipment business, this follow-on order enables over 1GW of solar cell capacity expansion by the same customer in China that had ordered two systems in 2016.
"The industry is beginning its transition to higher-efficiency solar cells, which reduce the Levelized Cost of Electricity (LCOE)," commented Wendell Blonigan, president and chief executive officer of Intevac. "Securing this record solar order from a leading cell manufacturer in China validates the capability and value proposition of our implant technology for high-efficiency solar cell manufacturing, and demonstrates continued and meaningful progress in our Thin-film Equipment growth strategy."
"Our customer's capacity expansion of high-efficiency bi-facial solar cells incorporates our ion implant source technology as a key enabler in achieving higher-efficiency N-type solar cells," said Chris Smith, vice president of business development for Intevac's Thin-film Equipment business. "Over the past several months, we have collaborated with our customer to optimize the cell efficiency and drive for an overall lower cost-of-ownership to enable this advanced cell design."
The 12 follow-on systems are scheduled to ship in the second half of 2017, with revenue recognition dependent on the timing of customer sign-off.