Solar Energy Systems Offer a Cleaner Power Alternative

FinancialBuzz.com News Commentary

NEW YORK, Oct. 8, 2021 /PRNewswire/ -- The growth of the solar energy market is strongly driven by the increase in environmental pollution and expansion of government incentives and tax rebates to install solar panels. In addition, the decrease in water footprint associated with solar energy systems has fueled their demand in power generation sectors. Overall, the demand for solar cells has gained major traction, owing to surge in rooftop installations, followed by the increase in applications in the architectural sector. Furthermore, the demand for parabolic troughs and solar power towers in electricity generation is expected to boost the demand for concentrated solar power systems. And, according to data by Allied Market Research, the global solar energy market was valued at USD 52.5 Billion in 2018 and is projected to reach USD 223.3 Billion by 2026 while growing at a CAGR of 20.5% from 2019 to 2026. OPTEC International, Inc. (OTC: OPTI), Ascent Solar Technologies, Inc. (OTC: ASTI), ReneSola Ltd. (NYSE: SOL), FTC Solar (NASDAQ: FTCI), SunHydrogen, Inc. (OTC: HYSR)

So far this year, solar energy has already made impressive strides and is expected to play an increasingly important role in the global energy infrastructure. Data published by the Solar Energy Industries Association (SEIA) stated that "the U.S. installed 5 gigawatts (GWdc) of solar PV capacity in Q1 2021 to reach 102.8 GWdc of total installed capacity, enough to power 18.6 million American homes. Solar accounted for 58% of all new electricity-generating capacity added in the U.S. in Q1, with wind making up the majority of the remaining capacity. Under a business-as-usual scenario, the U.S. solar industry will install an additional 160 GW of capacity over the next 5 years."

OPTEC International, Inc. (OTC: OPTI) announced breaking news last week that, "the company plans to start production of the trailer mounted solar generators in October at the Vista, California facility.

The company previously intended to begin production pre pandemic and parked the project due to limited access for employees and components during the pandemic crisis.

The OPTEC Solar Generator is a trailer-mounted mobile generator designed to meet the off-grid generation of power. It satisfies the needs of environmentally conscious customers across a variety of industries which includes but is not limited to military and homeland security applications, emergency preparedness and shelters, disaster relief, electric vehicle charging, telecommunications, agricultural sectors, construction sites, sporting events, and entertainment. This state-of-the-art technology produces pure, uninterrupted pow er while advancing national, state, and local initiatives to cut carbon emissions while also offering both Federal and State incentives to the purchaser and simultaneously providing Endless conveyable energy.

The OPTEC Solar Generator is powered exclusively by pure solar energy and does not require any alternative fuels. While operating, it is completely silent and generates zero emissions.

The trailer mounted solar generator is designed for not only specific emergency power on demand situations such as Disaster relief emergency power for Tornado, Hurricane, Flood, Fire and other emergency uses. The equipment is easily transportable and equipped for airlift accessibility for hard to reach areas. In addition to emergency situations the generators are ideal for construction sites first set-up offering zero emission power for site cabin and small power tool operations. The generator offers many other options including Military operations, back up generator support for hospitals, senior centers, schools and cellphone towers during power outage situations.

Optec will introducing the Trailer Mounted Solar Generator information to the company's website along with all technical data relating to power output and capabilities."

Ascent Solar Technologies, Inc. (OTC: ASTI) announced on September 21st, that the Company has signed a Joint Development Agreement (the "JDA") with German based agrivoltaic thin-film solar tube maker, TubeSolar AG ("TubeSolar"), to pursue the fast-growing Agricultural-photovoltaics/Agrivoltaics (APV) market. Victor Lee, President and CEO of Ascent Solar Technologies, stated, "This strategic partnership is highly transformative in nature. Based on the complementary expertise between TubeSolar and Ascent Solar, we can now pursue the massive APV markets with a trusted partner and committed investor that will help to drive manufacturing, sales, marketing, distribution and installation."

ReneSola Ltd. (NYSE: SOL) announced on September 17th, that European Solar Energy Development JV, the joint venture company established between ReneSola Power and Eiffel Investment Group ("Eiffel"), completed the acquisition of its first batch of solar projects with a combined capacity of 200MW in multiple European countries, including Spain, France and Poland. Eiffel provided the capital to fund the development of those projects. Mr. Josef Kastner, CEO of ReneSola Power European Region, commented, "We are excited by today's announcement, as this portfolio is a first significant step for the JV to develop up to 700MW of solar projects over the next several years. ReneSola Power is committed to accelerating solar development in Europe, and with the joint venture company created with Eiffel, we expect to develop high-quality projects in Europe, propelling growth in the region."

FTC Solar (NASDAQ: FTCI) reported last month the Voyager+, a new 2P-design solar tracker that optimizes energy capture while simultaneously reducing the manpower and equipment needed for installation. The tracker's ability to enhance energy production levels with 46 percent fewer foundation piles and achieve nearly two percent higher energy density than its 1P competitors makes it a revolutionary product for utility-scale solar projects. Currently, FTC has more than 1GW of Voyager+ installed or under contract. "As the solar industry moves toward large-format modules of 550 watts or higher , traditional one module in portrait tracking systems have difficulty supporting these new large 'sails' while two in portrait designs have already had this experience of scaling to larger surface areas. Because the static and dynamic wind loads are much greater on the structures, with these large formats, there is an ongoing need for improved tracking designs," said Nagendra Cherukupalli, Chief Technology Officer of FTC Solar. "To answer this call, our team developed Voyager+ to tap into the benefits of 2P designs with proper management of wind loads and the seamless integration of large, complex solar modules - resulting in a zero-stow design."

SunHydrogen, Inc. (OTC: HYSR) shared on July 19th, positive progress from its research team at the University of Iowa in the path toward scaling up its nanoparticle-based green hydrogen technology. SunHydrogen is developing a breakthrough, low-cost technology to make renewable hydrogen using sunlight and any source of water, including seawater and wastewater. "Our research team at the University of Iowa has made the chemistry for manufacturing our nanoparticle technology more environmentally benign without sacrificing the quality of the semiconductors. Our process is one step closer to being commercializable," said Tim Young, CEO of SunHydrogen, Inc.

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