The California based firm will reorganise its workforce to retain employees in the technology in order to reduce manufacturing and operations. This will enable MiaSolé to focus on critical functions such as commercial and flexible product areas and make cost reductions.
- The aim is to allow the company to continue strategic discussions with potential partners to ensure long-term success.
- MiaSolé produces flexible CIGS cells on stainless-steel substrate and assembly the cells into glass-glass rigid modules.
The restructuring will ensure continued CIGS technology development.
“MiaSolé has advanced solar technology by developing the highest efficiency, lowest-cost CIGS modules and executing globally,” says John Carrington, CEO of MiaSolé. “However, in the near term we need to conserve costs to enable a strategic partnership. The company is looking forward to aligning with a partner and collectively executing on our technology roadmap, flexible product launch and additional capacity to fulfil our 1GW+ commercial pipeline. I am confident based on current discussions we will finalise a partnership within the next 60-90 days.”
MiaSolé says it did not receive any government funding and had access to tax credits but never used them.