Photovoltaic High Efficiency Solar Wafer | Nexwafe
Summary
The funds come from NexWafes current group of investors, including Reliance New Energy Limited, Aramco Ventures and ATHOS Venture GmbH, as well as new investors, including the Honorable Malcolm Turnbull AC and Keshik Capital, led by Alex Turnbull. The funds will be used to break ground on NexWafes first commercial facility to speed the renewable energy transition with more efficient, lower cost, green solar wafers for the worlds photovoltaic manufacturers.In parallel, NexWafe has agreed to work with Aramco Ventures on a future green solar wafer manufacturing facility in the Kingdom of Saudi Arabia. This results in drastically lowered production costs for n-type monocrystalline wafers used for the majority of high-performing solar modules. The NexWafe process also reduces CO2 emissions, resulting in a solar-energy supply chain that is genuinely green.NexWafe GmbH designs, develops, and pilots a proprietary process to produce ultra-thin, high efficiency, monocrystalline green solar wafers to make photovoltaics more sustainable and efficient. NexWafes in-line, ultra-scalable process shatters cost down roadmap barriers and inherently supports the industrys extraordinary growth as the transition to solar power accelerates worldwide.