Wafer manufacturing hopeful CubicPV launched that its Board of Directors has decided to halt the company’s U.S. wafer manufacturing plans and focus as an alternative on tandem module progress.
The company blamed market dynamics, along with a collapse in wafer pricing and a surge in improvement costs, as the reason behind its thwarted strive at realizing dwelling manufacturing.
CubicPV first launched its intentions in 2022 to open a 10-GW wafer manufacturing unit in America. The company, which moreover has evaluation experience in tandem silicon-perovskites designs, championed a “direct wafer” experience that can make wafers straight from molten silicon.
As a substitute for working with that novel technique, CubicPV acknowledged the U.S. manufacturing unit would start with making standard mono-wafers from ingots. Now the company is abandoning wafers altogether.
With the Board’s decision to restructure the company, CubicPV will even cut back its workforce and do away with positions tied to the U.S. manufacturing unit effort. Frank van Mierlo will step down as CEO following a 16-year tenure at CubicPV’s helm, and Tim McCaffery, World Funding Director at SCG, will assume CEO duties until an alternate is found.
“Together with our Board, we’ve concluded that the one issue that might make a distinction in humanity’s battle in opposition to native climate change and the U.S.’s talent to know a photograph voltaic manufacturing renaissance is to invent a larger panel. Shifting forward, the Cubic workers is dedicated to delivering this reply to the world. I’m proud of what we’ve achieved and know there could also be further to return,” acknowledged Frank van Mierlo.
CubicPV will now focus completely on its proprietary tandem experience using perovskite supplies.
“Cubic’s engineering acumen and robust IP portfolio create a steady foundation for improvement. SCG strongly believes that the Agency’s tandem experience could possibly be a photograph voltaic breakthrough, reworking the facility panorama,” acknowledged Tim McCaffery. “I look forward to developing on the workers’s momentum.”
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