NexWafe secures funding to build wafer factory in Germany, announces new factory in Saudi Arabia – pv magazine International
German wafer producer Nexwafe is presently attempting to commercialize its extremely environment friendly monocrystalline wafer know-how.
German wafer producer NexWafe GmbH introduced that it has secured financing of €30 million ($32.0 million) from current and new buyers.
The corporate stated it would use the funds to proceed constructing its deliberate wafer manufacturing unit in Bitterfeld, within the district of Anhalt-Bitterfeld, Saxony-Anhalt, Germany.
“The funds come from NexWafe’s present group of buyers, together with Reliance New Power Restricted, Aramco Ventures and Athos Enterprise GmbH, in addition to new buyers, together with the Honorable Malcolm Turnbull AC and Keshik Capital, led by Alex Turnbull,” the corporate stated, noting that it intends to boost further funds within the second half of this yr.
The wafer producer additionally introduced plans to construct a brand new manufacturing facility in Saudi Arabia with the help of the nation’s Sustainability Fund and Aramco Ventures, the funding arm of Saudi oil group Aramco.
“The NexWafe course of helps pressing US and European efforts to re-shore home photo voltaic wafer manufacturing and cell manufacturing by growing supply-chain sourcing variety and resilience,” the corporate stated, with out will present extra particulars on the Saudi venture.
In October 2021, Reliance New Power Photo voltaic Restricted (RNESL), an arm of Reliance Industries Restricted headed by Mukesh Ambani, invested €25 million in NexWafe.
The producer claims that EpiWafers know-how will assist module producers obtain larger ranges of effectivity, with out the necessity to improve their manufacturing traces. It additionally claims that its know-how is able to producing ultra-thin wafers. It has already demonstrated this on its pilot line in Freiburg, Germany. Along with ultra-thin wafers, Nexwafe plans to make use of tandem architectures sooner or later.
NexWafe develops and produces monocrystalline silicon wafers grown instantly from cheap uncooked supplies. The continual, direct gas-to-wafer manufacturing course of eliminates the necessity for costly and energy-intensive intermediate steps reminiscent of polysilicon manufacturing and ingot pulling that conventional wafer manufacturing depends on. The method additionally reportedly reduces wastage, reducing wafer manufacturing prices by as much as 30%. It additionally presents a 70% discount in carbon dioxide emissions throughout manufacturing, in line with the corporate.
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