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Voltaix Receives Financing From Intel Capital
Branchburg NJ (SPX) Jul 30, 2008 Voltaix has announced that it has received $12.5 million in financing from Intel Capital, the global investment arm of Intel Corporation. The investment will accelerate the company's manufacturing capacity expansion. Voltaix manufactures electronic chemicals and gases used in 'front-end' semiconductor manufacturing processes at leading integrated circuit fabs worldwide. The company is also a market leader in the supply of CVD precursors for production of advanced photovoltaic cells. "We have provided critical materials for semiconductor and thin film solar applications for more than twenty-five years," said Dr. John P. de Neufville, president of Voltaix and an early contributor to amorphous materials research. "We believe that thin film solar cell production, particularly products that can support Building Integrated Photovoltaics (BIPV), is poised for significant expansion. This financing will help enable us to construct a state-of-the-art manufacturing facility to meet growing demand for thin film energy technologies." "Materials innovation is critical to enabling new capabilities in semiconductor device manufacturing," said Arvind Sodhani, president of Intel Capital and Intel executive vice president. "Our financing of Voltaix is part of Intel Capital's manufacturing strategy to foster innovation around integrated circuit manufacturing and complementary cleantech areas such as thin film photovoltaics." According to Deutsche Bank estimates, production of thin film photovoltaics (using amorphous silicon, CdTe and CIGS technologies) will increase more than four-fold between 2007 and 2010. Yole Development estimates that the market segment for thin film photovoltaics will reach $6.7 billion by 2015. Community Email This Article Comment On This Article Share This Article With Planet Earth
Related Links Voltaix All About Solar Energy at SolarDaily.com
Large PV Systems Installed At Colorado State University-Pueblo
Pueblo CO (SPX) Jul 29, 2008Colorado State University-Pueblo soon will be the home of a solar electric system in excess of one megawatt, one of the largest such systems for an education facility in the United States. Under this innovative arrangement with Black Hills Energy (formerly Aquila) and BP Solar, the system is estimated to contribute more than 10 percent of the University's electricity needs. |
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