Ascent Solar Powers Space Innovations in 2025, Eyes 2026 Growth

Ascent Solar Technologies Inc. (NASDAQ:ASTI) made significant strides in 2025, positioning itself as a leader in the space market with its advanced photovoltaic (PV) solutions. The company reported notable partnerships with organizations such as NASA and various defense contractors, utilizing its lightweight, flexible CIGS thin-film solar panels to power a range of applications from spacecraft to satellites. These developments are expected to bolster Ascent’s growth trajectory in 2026.

Strategic Partnerships Fuel Growth

A prime example of Ascent’s innovative approach is its collaboration with NOVI Space Inc., a company specializing in AI-powered satellites. In March, the two organizations entered into a Master Services Agreement, under which Ascent will provide rollable PV array blankets for NOVI’s upcoming AI edge processing constellation. This constellation is set to launch in early 2026, and Ascent’s ability to produce solar arrays in just six to eight weeks significantly outpaces the industry standard of nine to twelve months.

In addition to NOVI, Ascent is working with the NASA Marshall Space Flight Center, supported by the NASA Glenn Research Center. This partnership aims to develop technology that can capture beamed energy from satellites and other orbital vehicles using Ascent’s PV panels. By harnessing energy transmitted via microwave or laser beams, these panels will enable spacecraft to operate more efficiently, reducing weight and costs associated with traditional power systems.

Ascent’s technology is also being tested by an ocean monitoring company, which is evaluating the durability and functionality of its PV solutions in aquatic environments. This initiative aims to enhance the operational reliability of ocean-based monitoring technologies.

Collaborative Ventures in a Growing Market

To further capitalize on the projected $6.8 billion solar space market by 2040, Ascent Solar is actively partnering with various industry players. In November, the company announced a collaboration with CisLunar Industries to develop durable power solutions for commercial, civil, and defense space missions. Similarly, Ascent has established a strategic partnership with Defiant Space Corp. to explore opportunities within the U.S. defense and national security sectors.

In another noteworthy collaboration, Ascent signed a memorandum of understanding with Star Catcher Industries, which is developing the first space energy grid. This partnership enables satellite operators to access concentrated solar energy, providing them with five to ten times more power without the need for additional equipment.

Ascent has also formed alliances with technology firms, such as Emtel Energy USA, to combine their PV solutions with Emtel’s graphene-based energy storage technology, enhancing the capabilities of satellites and other space architectures.

As 2025 draws to a close, Ascent is optimistic about its future. The company is concluding the year with $2 million in gross proceeds from a private placement, with the potential for up to $3.5 million in total proceeds upon exercising warrants.

Looking forward to January 2026, Ascent plans to adhere to an “aggressive” production schedule to fulfill its booked orders for solar array deployments. The company aims to advance the efficiency of its CIGS thin-film technology while expanding its presence in the European market through strategic meetings with satellite industry leaders.

In addition, Ascent will continue its rigorous environmental testing in early 2026, assessing the performance of its products under the extreme conditions of space, including radiation exposure and atomic oxygen resilience.

Ascent Solar’s commitment to innovation and collaboration positions the company to thrive in the coming year, with ambitious plans for new partnerships and technology advancements.