Veeco Receives $4.8M Department of Energy Solar Manufacturing Grant

Veeco Instruments Inc. VECO announced today that it has been awarded $4.8 million by the U.S. Department of Energy (DOE) to accelerate the research and development and commercialization of its Copper, Indium, Gallium, Selenium (CIGS) deposition systems. The award was granted as part of the DOE's “SunShot” High-Impact Supply Chain R&D Program, the goal of which is to achieve price parity between solar electricity and fossil-based electricity by the end of the decade, without additional subsidies. The DOE funding will help Veeco to speed up its efforts to commercialize multi-stage thermal deposition production systems used to manufacture cost-efficient CIGS Solar cells.