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Confluence Solar Raises Series A Funding
St. Louis MO (SPX) Sep 25, 2008 Founded by silicon industry veterans, Confluence Solar has announced that the company has raised $12.7 million in capital. Confluence Solar is opening a new facility in Hazelwood, Missouri to develop its HiCz single crystal silicon product. Convexa Capital of Oslo, Norway led the Series A financing with additional investments from DC Chemical Co., Ltd., Scatec Adventure AS, Oceanshore Ventures and others. "Confluence Solar is developing a very attractive approach to lower the cost of ownership and improve the quality of silicon for solar applications," said Bj�rge Gretland, Managing Partner of Convexa Capital. Alf Bj�rseth, Chairman of Scatec AS added, "Confluence Solar's experienced management team and technical approach have the potential to make a material change in producing silicon crystals for solar cells." According to the National Renewable Energy Laboratory (NREL), greater than ninety percent of solar cells are made on silicon. With the development of HiCz manufacturers of solar products can receive greater watt output than from 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 single crystal silicon product," said Dr. Frank Delk, Chief Technology Officer of Confluence Solar, Inc. "Confluence Solar's strategy is to work closely with our customers to tailor our HiCzTM single crystal substrate to maximize the efficiency of their advanced solar cell designs." Confluence Solar, Inc. has developed strategic relationships with key suppliers for all critical raw materials, supplies and equipment including polysilicon. "Confluence Solar's experienced management team and technical approach gained our support in both monetary investment and polysilicon supply agreements," stated Mr. Hyun Woo Shin, Vice Chairman of DC Chemical Co., Ltd. "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 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." Community Email This Article Comment On This Article Share This Article With Planet Earth
Related Links Confluence Solar All About Solar Energy at SolarDaily.com
Bella Energy Installs 100 KW Solar System On Kent Denver School
Boulder CO (SPX) Sep 25, 2008A Bella Energy 100 kilowatt solar system on Kent Denver School provides clean renewable energy while teaching students about environmental stewardship. Kent Denver is a private college preparatory middle and high school that strives to build a community of responsible citizens, located in south Denver at 4000 East Quincy Avenue, Englewood, Colorado. |
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