Sundrive Solar, a Sydney-based copper-plated solar cell manufacturer, has announced a restructuring plan as a necessary step to the next phase of commercialization.
A number of employees have been laid off. CEO Vincent Allen has assumed the role of chief technical officer, replaced by former Chief Operating Officer Natalie Malligan.
“As part of the review, Sundrive has made the difficult decision to streamline its operations, resulting in some members of the team departing the business,” said the company in a statement. “Sundrive is supporting all affected employees through this process. This decision was not made lightly but we believe it is necessary to support Sundrive’s long-term success in continuing to deliver world-leading solar technology breakthroughs.”
Sundrive has secured an AUD 11 million ($7.2 million) Australian Renewable Energy Agency (ARENA) grant to expand from prototype scale to a commercial capacity of more than 100 MW per year. It had previously received AUD 3 million in ARENA funding to demonstrate copper metallization technology to the prototype scale.
In early 2024, Sundrive partnered with energy company AGL to develop a solar manufacturing facility at a former coal plant site in New South Wales.
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.
1 comment
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.