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NEWS ARTICLE: Solaicx Lands $27.1M
- Single crystal silicon wafer maker prepares for move
to larger production facility.
Red
Herring
By Adena DeMonte
Publication Date: May 7, 2007
Solaicx on Tuesday said it has received an additional
$27.1 million in funding, giving the solar wafer developer
the funds it needs to boost production.
Santa Clara, California-based Solaicx, a Red Herring
North America 100 company for 2007, has developed a
new process for making single-crystal silicon wafers—designed
specifically for solar panels—more efficiently
and cheaply.
“We’ve proven the technology,” said
Solaicx CEO Bob Ford. “Now it boils down to actually
doing it.”
Solaicx hopes to overcome a global shortage of silicon
by making more solar wafers—the building blocks
that are made into solar cells, which in turn get wired
together to make solar panels—from less silicon.
The company has developed technology to manufacture
silicon wafers in a continuous process as opposed to
in batches, increasing efficiency by up to 30 percent
and lowering production costs.
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