CubicPV has introduced it plans to begin a 10-GW silicon wafer manufacturing facility in america. The corporate expects the manufacturing unit to create 1,500 new direct jobs.
CubicPV fashioned in 2021 as a merger of 1366 Applied sciences and Hunt Perovskite Applied sciences, two U.S. photo voltaic R&D corporations targeted on wafers and perovskites. CubicPV has been invested in creating tandem PV designs. The ten-GW wafer manufacturing unit is anticipated to provide mono wafers.
“The IRA represents a titanic shift within the international photo voltaic panorama, and the U.S. is poised to develop into the world’s best location to fabricate photo voltaic. We’re excited to have a task within the U.S. manufacturing renaissance whereas accelerating our marketing strategy and supporting the event of our subsequent era tandem module know-how,” mentioned Frank van Mierlo, CEO of CubicPV, in a press release.
CubicPV has begun facility design and is in superior discussions on a location. An announcement on the placement ought to are available Q1 2023, and building on the manufacturing unit is anticipated to be accomplished in 2024 with full manufacturing ramp-up in 2025.
Along with the 10-GW wafer manufacturing unit, CubicPV is rising its R&D actions in tandem modules. The corporate lately raised $26 million in Collection B financing. The place single-junction PV know-how is approaching its effectivity ceiling, tandem know-how may present a lift.
“SCG Cleanergy is dedicated to investing within the subsequent era of revolutionary clear vitality corporations and Cubic’s tandem modules will play a strong function in our clear vitality future,” mentioned Tim McCaffery, International Funding Director for SCG, one of many current traders in CubicPV’s financing spherical. “We’re impressed with the power of the Cubic group, the progress of their applied sciences, and their dedication to innovation. We sit up for supporting the corporate via this thrilling subsequent part.”