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NexWafe GmbH Lands €10 Million Funding Round, Aims to Cut Solar Production Costs by 30%, Reduce CO2 Emissions by 70%
February 4, 2021 GMT
FREIBURG, Germany--(BUSINESS WIRE)--Feb 4, 2021--
NexWafe GmbH, today announced completion of a €10 million capital raise with participation from both existing and new shareholders. Pioneers of in-line epitaxy for production of high-efficiency monocrystalline silicon wafers, NexWafe’s EpiWafers provide solar panel manufacturers with dramatically higher efficiency and uncompromised yield at 70 percent of the cost of traditional monocrystalline Cz-Si, all without having to retool their production lines. NexWafe’s technology also allows for production of ultra-thin wafers, already demonstrated in the company’s pilot line in Freiburg, providing a roadmap to next-generation ultra-thin and tandem architectures.