CubicPV announces plans for 10-gigawatt wafer plant in the U.S.
Post date: 20/12/2022 - 17:49
U.S.-based CubicPV Technologies Inc. plans to build a monocrystalline silicon wafer manufacturing facility with ten gigawatts of annual capacity. This would be the first significant factory of its kind on an international scale in the USA. The company cites the Inflation Reduction Act (IRA) as the »catalyst« for implementing the plans. The design for the factory is in the works, it says, and there are »advanced discussions« on the location. A decision is expected by the end of next year, with construction to begin shortly thereafter and full production capacity to be reached in 2025.
While the 10-gigawatt fab will produce conventional wafers, Cubic has simultaneously announced an expansion of its research and development into tandem solar cells. To this end, the company has signed a $26 million financing agreement with British investment firm Synergy Capital and SCG Cleanergy, part of Thai conglomerate SCG.