Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Norsk Hydro Produksjon AS
   2. Issuer Name and Ticker or Trading Symbol
Ascent Solar Technologies, Inc. [ASTI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
DRAMMENSVEIEN 264		 3. Date of Earliest Transaction (Month/Day/Year)
06/15/2007
(Street)

OSLO, Q8 N-0240		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Initial Warrants Call Option (right to buy) (1) (2) (3) 06/15/2007   P   1   06/15/2007 06/15/2009 Class A Public Warrants (1) (2) (3) 1 D  
Initial Warrants Call Option (right to buy) (1) (2) (4) 06/15/2007   P   1   06/15/2007 06/15/2009 Class B Public Warrants (1) (2) (4) 1 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Norsk Hydro Produksjon AS
DRAMMENSVEIEN 264
OSLO, Q8 N-0240		     X    
NORSK HYDRO A S A
DRAMMENSVEIEN 264
OSLO, Q8 N-0240		     X    

Signatures

 By: /s/ Jorgen C. Arentz Rostrup Name: Jorgen C. Arentz Rostrup Title: Chief Executive Officer, Norsk Hydro Produksjon AS   06/18/2007
**Signature of Reporting Person Date
 By: /s/ Jorgen C. Arentz Rostrup Name: Jorgen C. Arentz Rostrup Title: Senior Vice President, Norsk Hydro ASA   06/18/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Ascent Solar Technologies, Inc. (the "Issuer") granted to Norsk Hydro Produksjon AS ("Produksjon"), and Produksjon acquired from the Issuer, the option to acquire from the Issuer, and to require the Issuer to sell to Produksjon (the "Initial Warrants Call Option"), (i) a number of restricted, redeemable Class A public warrants otherwise identical to the publicly traded Class A public warrants of the Issuer, each of which entitles the holder thereof to purchase one share of common stock (each a "Share") at an exercise price of $6.60 per Share (the "Class A Warrants"), that will result in Produksjon owning 23% of all issued and outstanding Class A Warrants immediately after such sale and purchase (the "Initial Class A Warrants")...(continued on next footnote)
(2) (continued from previous footnote)...and (ii) a number of restricted, non-redeemable Class B public warrants otherwise identical to the publicly traded Class B public warrants of the Issuer, each of which entitles the holder thereof to purchase one Share at an exercise price of $11.00 per Share (the "Class B Warrants"), that will result in Produksjon owning 23% of all issued and outstanding Class B Warrants immediately after such sale and purchase (the "Initial Class B Warrants").
(3) The purchase price for each Initial Class A Warrant will be an amount equal to the average of the closing bids for the Issuer?s Class A Warrants on Nasdaq Stock Market ("Nasdaq") during the five consecutive trading days ending on (and including) the trading day that is one day prior to the date of exercise of the Initial Warrants Call Option.
(4) The purchase price for each Initial Class B Warrant will be an amount equal to the average of the closing bids for the Issuer?s Class B Warrants on Nasdaq during the five consecutive trading days ending on (and including) the trading day that is one day prior to the date of exercise of the Initial Warrants Call Option.

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