1. The Large-Volume Silicon Wafer Production Facility On the Way
2. The Path Ahead
CubicPV Inc., an innovator in solar manufacturing, recently announced plans to develop 10 Gigawatts of conventional mono wafer capacity in the U.S., addressing a significant gap in the silicon solar value chain and leveraging on its extensive knowledge in silicon wafer manufacture.The planned facility, which will be the first of its kind announced in the U.S., is anticipated to generate 1,500 new direct jobs and meet the projected rise in demand for wafers made in the U.S. At the moment, there is no large-scale silicon wafer production in the country, and CubicPV is the only U.S. company with a competitive edge in wafer manufacturing.
CubicPV has started designing the facility, headhunted a construction management company, and is currently in advanced discussion about the location of the building. The company plans to make a final decision on the site in the first quarter of 2023 and start building soon after. The facility is estimated to be completed by 2024, and the
production plant to be running at full speed by 2025.With the 10 GW factory, CubicPV will not only meet a strong need for wafer production in the U.S., but it will also speed up its research and development for tandem module development. To do this, the company said it had raised $26 million in Series B funding. Hunt Energy Enterprises and Breakthrough Energy Ventures were among the return lead investors who participated in the deal, which was managed by private equity fund manager SCG Cleanergy and Synergy Capital, a wholly owned subsidiary of SCG, the leading conglomerate in ASEAN.
“According to the Markets and Markets study, the demand for photovoltaic solutions is estimated to reach US$ 113 billion by 2025”
Until now, the solar industry has mostly relied on single junction PV technology, which uses only one light-absorbing material, often silicon, to turn sunlight into electricity. This technology is getting close to its maximum level of module efficiency. Tandem technology introduces a much-needed alternative by combining two light absorbers into a single device, thereby surpassing the efficiency limitations of single light absorbers and boosting the power output of the end panel ,CubicPV's approach to tandem uses the organization's ground-breaking Direct Wafer and Perovskite technologies to make a high-efficiency module that is economically superior.
About CubicPV Inc.
CubicPV is the most experienced wafer manufacturer in North America. It has world-class knowledge of silicon crystallization and production. Additionally, the company's breakthroughs in solar production and materials are ushering in a solar era marked by ever-increasingly efficient tandem solar modules. CubicPV's core silicon and perovskite technologies provide the most efficient combination of semiconductors for high-efficiency tandem modules and lead to significant drops in the cost of clean electricity with less carbon in it. The company has offices in Bedford, Massachusetts, and Dallas, Texas.