Saturday Dec 03, 2022

Cadmium Telluride Photovoltaic Market Projected To Exceed $1.39 Billion By 2026 – PRNewswire

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PALM BEACH, Fla., Dec. 7, 2021 /PRNewswire/ — FinancialNewsMedia.com News Commentary – Radiant energy generated by the sun is solar energy, harnessed by the use of various technologies such as photovoltaic cells, solar heating, solar architecture, solar thermal energy, and others. It is an effective source of unconventional energy and a convenient sustainable solution for rising greenhouse and global warming emissions. Solar energy is used for the production of solar electricity. Cadmium telluride (CdTe) is highly accepted and is now one of the most widely employed solar cell materials in the world. They are arguably the first and only thin film photovoltaic (PV) technology to outperform crystalline silicon solar PV due to their low cost in a large part of the worldwide photovoltaic market. Cadmium telluride solar cell, also called photovoltaic cadmium telluride or thin film cadmium telluride – a photovoltaic device that produces electricity from light using a thin film of cadmium telluride. It finds use in infrared optical equipment and solar cells that are employed in optical lenses and windows. It is also employed in photovoltaic cells to convert sunlight into electricity. The call for CdTe-based products has gained enormous momentum over the last decade as they are relatively cheaper and require simplified manufacturing compared to other materials.  A report from MarketDataForecast said that the global cadmium telluride photovoltaic market, which was calculated to be $ 6.52 billion in 2021and is projected to reach over $ 1.39 billion by 2026, with a 12.4% CAGR between 2021and 2026.   Active Companies in the markets today include First Tellurium Corp. (CSE: FTEL) (OTCPK: GODYF), SunPower Corp. (NASDAQ: SPWR), Canadian Solar Inc. (NASDAQ: CSIQ), Enphase Energy, Inc. (NASDAQ: ENPH), Sunnova Energy International Inc. (NYSE: NOVA).

The MarketDataForecast report added: “Cadmium telluride (CdTe) is becoming increasingly accepted and is now one of the most widely employed solar cell materials in the world. CdTe-based solar panels are arguably the first and only thin film photovoltaic (PV) technology to outperform crystalline silicon solar PV due to their low cost in a large part of the worldwide cadmium telluride photovoltaic market.  A new process for manufacturing cheaper CdTe panels. American researchers have come up with a latest manufacturing procedure to create cadmium telluride (CdTe) photovoltaic panels that they say are 45% less expensive than present industry standards.  Europe became the dominant market for cadmium telluride photovoltaic. The growing call for thin film solar cells has driven the call for CdTe in the region. The North American and European markets are predicted to contribute significant revenue shares in the worldwide market. This can be attributed to a well-developed infrastructure and escalated government initiatives for the adoption of renewable energy sources. Furthermore, the expansion of M&A activity between regional and international players is predicted to further support the market expansion in this region during the outlook period.”

First Tellurium Corp. (CSE: FTEL) (OTCPK: GODYF) BREAKING NEWS – Former First Solar Tellurium Explorer James Guilinger Joins First Tellurium’s TeamFirst Tellurium Corp. (the “Company” or “First Tellurium”) welcomes James Guilinger to the First Tellurium team. Mr. Guilinger’s tellurium exploration and development experience spans more than 20 years, involving various investigation consulting projects for tellurium throughout the USA and the world.

Tellurium’s primary use is for manufacturing films essential to photovoltaic solar cells. When alloyed with other elements, such as …….

Source: https://www.prnewswire.com/news-releases/cadmium-telluride-photovoltaic-market-projected-to-exceed-1-39-billion-by-2026–301438637.html

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