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First Tellurium: Cadmium Telluride Solar Advantages Part of Strategic Adoption in United States
Vancouver, BC, Feb. 01, 2023 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company” or “First Tellurium”), reports that a recent articl
About this update from First Tellurium Corp
[{"type":"text","content":" Vancouver, BC, Feb. 01, 2023 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company” or “First Tellurium”), reports that a recent article in Solar Power World highlights the increasing importance of cadmium telluride (CdTe) solar cells for generating solar energy and domestic security. The article also notes that demand for American-made CdTe solar is outpacing supply, with supply issues related partially to recent bans on Chinese silicon solar panels. The article, titled “Accelerating CdTe Solar Panel Adoption Can Make U.S. Solar More Secure,” notes that CdTe solar panels are an essential part of the green energy transition, with most utility-scale projects in the United States powered by CdTe technology. “Industry trends continue to support the long-term, exponential growth of cadmium-telluride solar panels,” said First Tellurium President and CEO Tyrone Docherty. “New, primary sources of tellurium will be in high demand as market coverage expands. This is why we’ve positioned First Tellurium to be a leader in tellurium exploration in North America.” CdTe photovoltaics, a type of thin-film solar cell made from a combination of cadmium, tellurium and other materials, offers distinct advantages over traditional silicon-based solar cells. They’re cheaper and require less energy to produce, and they’re more efficient at converting sunlight into electricity. With a theoretical maximum conversion efficiency of over 31%, CdTe solar technology has yet to reach its full potential for growth. Historically, CdTe panels have faced competition from Chinese-made silicon solar panels. However, Chinese solar companies have been connected to forced labor in the Xinjiang region, prompting the U.S. government to ban more than 1,000 shipments of solar energy components following a June law banning imports from the solar manufacturing region. According to Solar Power World, “The Cadmium Telluride Accelerator Consortium (CTAC), a group of research teams, universities and companies, is working to accelerate the development of domestically manufactured, cheaper, more efficient CdTe solar cells, making American-made solar panels more affordable and accessible for consumers.” “While solar power continues to grow as the leading use of tellurium,” said Docherty, “new technologies such as lithium-ion batteries will add to the stea...