CubicPV Stock

cubicpv.comEnergy / Energy efficiencyFounded: 2021Funding to Date: $246.6MM

CubicPV Technologies specializes in developing and commercializing advanced solar power technologies with a focus on high-efficiency and cost-effective solutions.

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News Highlights

CubicPV receives $103 million commitment for U.S. wafer manufacturing
CubicPV has secured over $100m in equity commitments to support its US factory plans and tandem solar product roadmap. The first $33m will be released immediately, with the second tranche tied to specific project milestones. The company plans to establish 10 GW of conventional mono wafer manufacturing capacity in the US, potentially creating 1,500 new jobs. CubicPV also appointed David Gustafson as president of the new wafer facility.
This Bill Gates-backed technology could be the future of solar power
CubicPV, a company backed by Bill Gates' Breakthrough Energy Ventures, aims to commercialize solar energy via perovskite panels, achieving efficiencies of 30%. The firm plans to partner with the Massachusetts Institute of Technology to use AI and automation for panel production. It is also seeking a location for a new 10GW silicon wafer plant in the US. However, perovskite panels face challenges with cost and durability that the company must overcome.
CubicPV is narrowing down location search for 10-GW silicon wafer factory
CubicPV, a Massachusetts-based technology company, plans to open a 10-GW silicon wafer factory in the United States in 2025. The company has narrowed down its location search for the 1.5 million-sq.-ft factory to two sites and expects to make a final decision this summer. The factory will employ over 1,000 workers to produce 1 billion wafers each year.
Updated on: Apr 23, 2024

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