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Revived Interest in CIGS Creating Real Opportunities inPhotovoltaics
In the laboratory, copper indium gallium (di)selenide (CIGS) has achieved the highest champion cellefficiencies (over 20%) of all thin-film photovoltaic (TFPV) technologies. CIGS has not, however, livedup to predictions about is ability to compete with crystalline silicon (c-Si). A combination of manufacturing issues and the global economic downturn significantly impacted the sector. Recentcapacity expansions, a dramatic increase in the number of market players and growing investmentactivity are signaling renewed interest, though. NanoMarkets, a leading provider of market researchand analysis of the opportunities in advanced materials and emerging energy and electronics markets,expects revenues from CIGS consumed in PV applications to grow from $613.4 million in 2011 to $5.41billion in 2018.
The CIGS Advantage
NanoMarkets believes that CIGS has a huge market advantage over other thin-film photovoltaic (TFPV)technologies. Not only can it be used to create lightweight, flexible, thinner modules than other TFPVoptions, commercial CIGS modules are over 13% efficient, with some firms reporting best cells with 14-16% efficiency. In fact, NanoMarkets expects that CIGS will be the only TFPV technology that might beable to compete with conventional c-Si PV technology where C-Si is already established.
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CIGS Revenues 2011-2018