Confluence Solar, a manufacturer of high quality single crystal silicon for the solar photovoltaic (PV) industry, announced on Tuesday that it raised $12.7 million in Series A funding. Convexa Capital of Oslo, Norway led the financing with additional investments from DC Chemical, Scatec Adventure AS, Oceanshore Ventures, and others.
Confluence Solar was founded in 2007 and is focusing on bringing to market premium quality, low-cost single crystal silicon that can serve as a platform for high efficiency cell design by solar cell manufacturers. The company is opening a new facility in Hazelwood, Missouri to develop its HiCz(TM) single crystal silicon product. According to the company, solar product manufacturers will receive greater watt output from its HiCz product as compared to traditional multi crystal silicon platforms.
"Solar cell manufacturers who want to be on the cutting-edge delivering the most advanced use of solar technology will want to utilize HiCz(TM) single crystal silicon product," said Dr. Frank Delk, Chief Technology Officer of Confluence Solar. "Confluence Solar's strategy is to work closely with our customers to tailor our HiCz(TM) single crystal substrate to maximize the efficiency of their advanced solar cell designs."
"We thank our investors as well as our raw material partner DC Chemical for their support and vision in participating in the development of the HiCz(TM) product," said Tom Cadwell, chief executive officer of Confluence Solar, Inc. "DC Chemical's commitment to supply polysilicon enables our entry into this dynamic industry."
- Confluence Solar - Home page
- Confluence Solar, Inc. Raises $12.7 Million Series A Funding (September 23, 2008)