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Troubled thin-film photo voltaic panel maker Toledo Photovoltaic has been introduced right now and might end operations and R&D efforts instantly.
The corporation allegedly began manufacturing cadmium-telluride (CdTe) thin-film photovoltaic panels for the residential and non-utility market in 2021 on a 100-MW capability line in Perrysburg, Ohio. The corporation began within the yard of CdTe big First Photo Voltaic, and firm executives mentioned it might not compete with First Photo Voltaic, as a substitute specializing in supplying panels to smaller markets. Toledo Photo Voltaic would make a small 115-W panel comparable in measurement to First Photo Voltaic’s phased-out Sequence 4 module.
The issues began virtually instantly. First Photo Voltaic filed a grievance in 2023, alleging that Toledo Photo Voltaic wasn’t making photovoltaic panels in any respect and, as a substitute, was taking outdated First Photo Voltaic panels and rebranding them as Toledo Photo Voltaic.
The 2 firms settled the lawsuit, and Toledo Photo Voltaic’s then-CEO, Aaron Bates, was ousted from the corporation. Utilized Enterprise Technique LLC was employed in July 2023 to show the company round.
Tom Pratt, managing director of Utilized Enterprise Technique and interim president of Toledo Photo voltaic, announced right now that the Ohio facility might be decommissioned.
“Sadly, we have been unable to license the expertise wanted to fabricate the cadmium-telluride panels we have been growing for the residential, business, and industrial markets we have been focusing on,” Pratt mentioned. “As soon as it was decided that we didn’t have entry to the suitable expertise, we pivoted to a distinct enterprise model; however, the hurdles to success have been decided to be too excessive. In the end, the Toledo Photo voltaic Board decided that there was no viable path to proceed with the enterprise, they usually have voted to stop operations.”
