California-based XsunX Inc. (XSNX.OB) is a thin-film photovoltaic company. The company has focused on the development of thin-film amorphous technologies and products due to the inherent advantages of amorphous silicon over other solar absorbers.
XsunX stated that the passage of solar ITC legislation by the U.S. Senate earlier this week was significant. The company also said that the adoption earlier this month of the California Public Utilities Commission call for energy efficient homes by 2020 is an important regulatory action.
XsunX CEO Tom Djokovich noted that the extension of the solar tax credit is a huge bonanza to the solar industry’s future. He stated, “With this legislation by the Senate, that extends the solar investment tax credit by eight years, coupled with actions such as that in California, as well as numerous western states, XsunX is particularly well positioned for growth.” XsunX is currently progressing with the buildout of its first 25MW thin film photovoltaic manufacturing facility in Oregon and is now fully engaged in efforts to complete facility improvements.
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