Solar-Power Gamechanger
April 19, 2008 – 7:23 pmA solar-energy company in Canada claims to have pioneered a game-changing process for producing polysilicon, the largest single cost component of a solar module.
The company, Toronto-based 6N Silicon, has secured a flood of second-found finance in recent months — roughly $20 million, according to one source — from venture capital firms. Good Energies, a clean energy investor based in Basel, Switzerland, led the second round financing with additional backing from Vancouver-based Ventures West and Yaletown Venture Partners.
6N Silicon boasts a novel production process that will greatly increase availability of solar-grade silicon, which has not kept up with the rapid growth of solar power. The process converts inferior grades of silicon into solar-grade silicon through a novel metallurgical technology. The two-year old company says its technology will greatly reduce the cost of making solar panels for the photovoltaic industry. It plans to use its recent raised capital to commercialize its technology.
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