CubicPV plans $1.1 billion investment under India's PLI scheme

CubicPV is said to be in talks with the Indian government to participate in the performance linked incentives (PLI) scheme for solar equipment manufacturers. CubicPV was established as a result of a collaboration between Hunt Perovskite Technologies and 1366 Technologies.

CubicPV reportedly plans to invest $1.1 billion to set up 10 GW solar wafer and cells manufacturing capacity in India over the next five years. Frank Van Mierlo, CEO of CubicPV, said that the company is planning to bring its innovative products in the solar equipment category, such as wafers and semiconductors, to India.

BlueDot Photonics raises $1 million in Series Seed financing

BlueDot Photonics, developer of solutions to improve solar panel performance, has announced that it raised $1 million in its Series Seed financing. The round was led by VoLo Earth Ventures, an early-stage VC investing in the new energy economy through innovative products and technologies.

BlueDot Photonics brought over $1.5M in non-dilutive grants and projects to the table to help the company towards its goal of creating gigaton reductions in greenhouse gas emissions through faster deployment of solar power. BlueDot's quantum-cutting technology can lower the cost of solar power by up to 10% by improving energy yield in solar panels by up to 16%. Long-term, BlueDot is committed to pushing solar panel efficiency and costs beyond the limits of current silicon technology. Other investors include Clean Energy Venture Group (CEVG) of Boston, MA, who helped with investment syndication, and E8 of Seattle, WA.

Hunt Perovskite Technologies secures DOE funding

Hunt Perovskite Technologies (HPT) recently revealed that it has been selected for an award of $2.5 million in financing from the United States Department of Energy's (DOE) Office of Energy Efficiency & Renewable Energy Solar Energy Technologies Office Fiscal Year 2020 Perovskite Funding Program.

In addition, HPT is also co-Principle Investigator and collaborative partner in two other DOE perovskite funding award selections, including a $1.5 million award to SLAC National Accelerator Laboratory and a $1.25 million award to University of North Carolina at Chapel Hill (UNC).