CubicPV announces plans for 10-gigawatt wafer plant in the united state

• U.S.-based CubicPV Technologies Inc. intends to construct a monocrystalline silicon wafer production center with ten gigawatts of annual capacity.

This would certainly be the first significant factory of its kind on an international scale in the United States. The business points out the Inflation Reduction Act (IRA) as the "catalyst" for executing the plans. The layout for the manufacturing facility remains in the jobs, it claims, and also there are "sophisticated conversations" on the area. A choice is expected by the end of next year, with building and construction to begin quickly thereafter and also full manufacturing capacity to be reached in 2025.

While the 10-gigawatt fab will create conventional wafers, Cubic has simultaneously introduced an expansion of its research and development right into tandem solar cells. To this end, the firm has actually signed a $26 million funding agreement with British investment firm Synergy Capital as well as SCG Cleanergy, part of Thai conglomerate SCG.