Shares of Ascent Solar Technologies Inc. (NASDAQ:ASTI) rose 5% in premarket trading on Thursday after the company announced a teaming agreement with CisLunar Industries to co-develop next-generation power systems for space missions.
Under the collaboration, the two Colorado-based firms will integrate Ascent’s thin-film photovoltaic technology with CisLunar’s high-efficiency power conversion systems to produce durable, energy-efficient power solutions designed to extend the operational lifespan of spacecraft. The companies plan to pursue contracts with NASA, the U.S. Department of Defense, Space Force, and other key national security space organizations.
The agreement comes amid growing efforts by U.S. space agencies to enhance energy resilience and reduce reliance on traditional power systems that struggle in extreme space environments. Both companies say their combined expertise will yield superior, long-life power systems tailored to meet evolving mission demands.
“By leveraging each other’s technological capabilities, industry expertise, and production capacity, CisLunar Industries and Ascent Solar offer a hungry space market a highly advantageous power solutions package,” said Gary Calnan, CEO of CisLunar Industries.
Ascent Solar — backed by 40 years of research and development and 15 years of manufacturing experience — focuses on flexible thin-film solar modules built for high-performance applications where weight, durability, and reliability are critical. The company operates a 5-megawatt production facility in Thornton, Colorado.