Companies to develop EMCOREÂs concentrator photovoltaic power systems.EMCORE has signed a deal with Sandia National Laboratories to help develop EMCOREÂs concentrator photovoltaic power systems. Sandia will provide technical support. EMCORE is adapting its state-of-the-art solar cell technology as a base for the development of large-scale, concentrator photovoltaic power systems.
Somerset-based EMCORE is a provider of compound semiconductor-based components and subsystems for the broadband, fiber-optic, satellite, solar-power and wireless communications markets. Sandia develops photovoltaics for grid-tied, utility-scale power generation.
“Our goal is to become the leader in solar energy power systems,” said Reuben Richards, CEO of EMCORE. “We have a very successful track record in commercializing next-generation technologies, as we have done in the satellite market. Sandia has long been a valuable partner in technology development for EMCORE. We look forward to their contributions to our program in terrestrial power systems.” Shares of EMCORE (Nasdaq: EMKR) rose 34 cents to $6.71 during mid-morning trading.