Twin Creeks was looking into Building-integrated photovoltaics (BIPV) as a downstream opportunity for Hyperion 3. How long until this opportunity ripens?
Over time, the combination of lower cost and lighter packaging will allow Twin Creeks customers to expand into other markets such as building-integrated photovoltaics (BIPV) and consumer electronics.
The global BIPV and BAPV market will grow from just over 400MW in 2012 to 2,250MW in 2017 representing a five-fold increase, Pike Research forecasts. (Courtesy of PV Tech)
Building-integrated photovoltaics (BIPV) are photovoltaic materials that are used to replace conventional building materials in parts of the building envelope such as the roof, skylights, or facades. They are increasingly being incorporated into the construction of new buildings as a principal or ancillary source of electrical power, although existing buildings may be retrofitted with similar technology. The advantage of integrated photovoltaics over more common non-integrated systems is that the initial cost can be offset by reducing the amount spent on building materials and labor that would normally be used to construct the part of the building that the BIPV modules replace. These advantages make BIPV one of the fastest growing segments of the photovoltaic industry
The term building-applied photovoltaics (BAPV) is sometimes used to refer to photovoltaics that are a retrofit – integrated into the building after construction is complete. Most building-integrated installations are actually BAPV. Some manufacturers and builders differentiate new construction BIPV from BAPV.