GT Advanced Technologies to release new multicrystalline furnace at SNEC

Share

GT Advanced Technologies (GTAT) looks like it is slowly but surely moving away from its tough few years, with the announcement of a new multicrystalline ingot production furnace, which will be unveiled at SNEC. The news comes just a couple of months after the company received some vital investment to get itself out of bankruptcy.

The new multicrystalline ingot production furnace, the DSSTM20M, is the sixth generation of GTAT’s DSSTW family, and will capable of producing more than 20 MW of high efficiency ingots annually. It will be unveiled at SNEC Shanghai later in May, when the technical details of the furnace will be released. However, Dave Keck, chief executive officer of GT Advanced Technologies, has already said that it will enable manufacturers to produce the highest efficiency wafers at the lowest costs.

“We are pleased to provide the photovoltaic market with the latest generation of multicrystalline ingot production equipment,” said Keck. “The DSSTM20M allows producers to drastically improve operational efficiency and productivity by nearly doubling production output versus the current generation furnaces.”

It is another move in the right direction for the company, after securing $80 million in financing, in March 2016, that got the company out of Chapter 11 bankruptcy. The investment was described as “exit financing,” as Keck added that the “emergence from Chapter 11 bankruptcy marks the start of a new chapter for our company.”

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.

Popular content

Energy storage is a solved problem

08 October 2024 There are thousands of extraordinarily good pumped hydro energy storage sites around the world with extraordinarily low capital cost. When coupled wit...

Share

1 comment

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Your email address will not be published.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.