Sulfurcell aims for 14 percent thin film efficiency

Share

The manufacturer of copper indium gallium (di)selenide (CIGS) and CIGSe thin film modules says it is aiming to reach its target within the next 12 to 18 months. As such, the funding will go towards the acquisition of additional CIGSe equipment and ongoing research and development work.

The news follows the company’s recent announcement that it achieved 12.6 percent thin film efficiency.

The financing round was led by Intel Capital, which was joined by a group of leading European and U.S. clean tech investors who gave a €85 million in equity funding to Sulfurcell back in July 2008. The company’s long-term investors, led by Vattenfall Europe (Berlin) and GdF Suez (Berlin/Paris), also contributed to the funding.

Sulfurcell CEO, Nikolaus Meyer commented: "The financing is the result of our great progress in 2010 in which we developed an industrial manufacturing process delivering thin film modules with efficiencies over 12 percent, while also ramping up our brand new 35 megawatt production plant and fully automated manufacturing facility. This additional funding from our existing investors is a vote of confidence that will allow us to accelerate our technological progress and to solidify Sulfurcell’s position as a global leader in CIGS/CIGSe technology."

Heiko von Dewitz, investment director at Intel Capital added: "The investment will allow Sulfurcell to continue the successful development of its leading edge CIGSe technology. The company’s efforts align well with Intel’s focus on investing in the design, development and delivery of new technologies to address sustainability challenges."

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.