Ascent Solar to Pursue Multiple Federal Funding Opportunities for Allocation in 2024
THORNTON, Colo., Dec. 03, 2023 (GLOBE NEWSWIRE) — Ascent Solar Technologies, (Nasdaq: ASTI) (“ASTI” or the “Company”), the leading U.S. innovator in the design and manufacture of featherweight, flexible, and durable CIGS thin-film photovoltaic (PV) solutions, announced today that the Company is pursuing several opportunities for federal funding through the Department of Energy (DOE).
Ascent Solar Technologies is positioning itself to take advantage of potential federal funding opportunities in 2024. The company, known for its cutting-edge technology in thin-film photovoltaic solutions, is seeking support from the Department of Energy to further develop its innovative products. By securing federal funding, Ascent Solar can accelerate its research and development efforts, ultimately bringing more efficient and sustainable solar energy solutions to the market.
How will this affect me?
For consumers, Ascent Solar’s pursuit of federal funding means potential advancements in solar technology that could lead to more affordable and accessible solar energy options for homes and businesses. This could translate to lower utility bills and a reduced carbon footprint for those who choose to adopt solar energy.
How will this affect the world?
The impact of Ascent Solar’s federal funding pursuit extends beyond individual consumers. By investing in renewable energy solutions, Ascent Solar is contributing to global efforts to combat climate change and reduce dependence on fossil fuels. This move towards cleaner energy sources has the potential to drive innovation in the renewable energy sector and create a more sustainable future for our planet.
Conclusion
As Ascent Solar Technologies takes steps to secure federal funding for future projects, the potential benefits of their innovative solar technology extend to both individuals and the global community. By investing in renewable energy solutions, we can work towards a more sustainable future for generations to come.
