It was reported that U.S-based CubicPV secured US$103 million in equity financing. While it is meant to support its plans to develop a US silicon wafer production base, CubicPV also said that this capital will support its research into perovskite-silicon tandem technology.
“Today’s announcement underscores the considerable progress we’ve made, the depth of our engineering competence and the strength of our technologies to deliver a more powerful solar future,” said Frank van Mierlo, CEO of CubicPV. “We thank SCG Cleanergy for their confidence in our manufacturing goals and product roadmap.”
Tim McCaffery, global investment director of SCG said: “With its deep experience in silicon wafer production and ownership of highly innovative proprietary technologies, Cubic is ideally positioned to play a key role in the world’s embrace of solar powered electricity generation. We continued to be impressed with the strength of the team, their progress against plan and their commitment to manufacturing and innovation excellence.”