Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Beyond the Cell: Why Whole-System Testing Matters in Energy Storage System

    April 25, 2025

    Why the OUPES Portable Power Station Is a Must-Have for Every Home

    April 23, 2025

    What Is a Hydrogen Energy Storage System and How Does It Work?

    April 14, 2025
    Facebook X (Twitter) Instagram
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube
    Solar Energy Tech News
    • Solar
    • Solar Batteries
    • Solar Energy
    • Solar Inverter
    • Solar Products
    Solar Energy Tech News
    Home»Solar»NexWafe secures funding to build wafer factory in Germany, announces new factory in Saudi Arabia – pv magazine International
    Solar

    NexWafe secures funding to build wafer factory in Germany, announces new factory in Saudi Arabia – pv magazine International

    cindy kBy cindy kMay 31, 2023Updated:June 21, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    German wafer producer Nexwafe is presently attempting to commercialize its extremely environment friendly monocrystalline wafer know-how.

    Could 31, 2023 Emiliano Bellini

    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.

    This content material is protected by copyright and might not be reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: [email protected].

    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    cindy k

      Related Posts

      What Is a Hydrogen Energy Storage System and How Does It Work?

      April 14, 2025

      MCPV to build 3 GW solar cell, module factory in Netherlands – pv magazine International

      July 17, 2023

      Fire hits industrial building, PV system in Switzerland – pv magazine International

      July 17, 2023
      Leave A Reply Cancel Reply

      Our Picks

      The Benefits Of using LiFePO4 battery For Solar Energy Storage

      December 27, 2022

      Battery Energy Storage Solutions (BESS)

      December 14, 2022

      What is Sustainable energy?

      December 7, 2022

      Solar Energy Storage Benefits

      December 23, 2022
      Don't Miss
      Energy Storage System

      Beyond the Cell: Why Whole-System Testing Matters in Energy Storage System

      By cindy kApril 25, 20250

      The Hidden Risk in Plain Sight: In the heart of every energy storage system lies…

      Why the OUPES Portable Power Station Is a Must-Have for Every Home

      April 23, 2025

      What Is a Hydrogen Energy Storage System and How Does It Work?

      April 14, 2025

      How to Match Solar Capacity with Lithium Battery Capacity in Your Campervan

      February 23, 2024
      Our Picks

      The Benefits Of using LiFePO4 battery For Solar Energy Storage

      December 27, 2022

      Solar Energy Storage Benefits

      December 23, 2022

      Battery Energy Storage Solutions (BESS)

      December 14, 2022

      Subscribe to Updates

      Get the latest creative news from SmartMag about art & design.

      • sitemap

      Type above and press Enter to search. Press Esc to cancel.