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					</table><p>Silicon Wafer Manufacturer <a href="https://cubicpv.com/" target="_blank" rel="noopener">CubicPV</a> said it has been spurred by Inflation Reduction Act (IRA) to build 10 GW of conventional mono-wafer capacity in the United States, which will bridge the gap in the solar value chain in the country.</p>
<p>“The IRA represents a titanic shift in the global solar landscape, and the U.S. is poised to become the world’s most competitive location to manufacture solar. We’re excited to have a role in the U.S. manufacturing renaissance while accelerating our business plan and supporting the development of our next-generation tandem module technology,” said CubicPV’s CEO, Frank van Mierlo.</p>
<p>Further, the company said it has raised $26 million in a Series B financing round to bolster its research and development (R&amp;D) activities in tandem module technology.</p>
<p>The round was led by private equity fund manager <a href="https://www.synergycapital.co.uk/" target="_blank" rel="noopener">Synergy Capital</a> and SCG Cleanergy, a wholly-owned subsidiary of <a href="https://scginternational.com/energy/" target="_blank" rel="noopener">SCG</a>, while other lead investors included <a href="https://breakthroughenergy.org/our-work/breakthrough-energy-ventures/" target="_blank" rel="noopener">Breakthrough Energy Ventures</a> and <a href="https://www.huntenergy.com/" target="_blank" rel="noopener">Hunt Energy Enterprises</a>.</p>
<p>The company expects to finalize a location on the proposed mono-wafer manufacturing facility by the first quarter of 2023. Cubic PV claims to be the only high-volume wafer-producing company in the U.S.</p>
<p>While the construction would tentatively be complete by 2024, CubicPV said that the new facility would be fully ramped in 2025.</p>
<p>Deemed to be the first-of-its-kind facility of such a scale in the U.S., CubicPV said it would create 1,500 new direct jobs to meet the anticipated rise in demand for wafers produced in the country.</p>
<p>Recently, Indian module manufacturer Waaree Energies and CubicPV <a href="https://mercomindia.com/daily-news-wrap-up-regulator-allows-tariff-of-%e2%82%b98-40/" target="_blank" rel="noopener">entered </a>into a multi-year supply agreement in which CubicPV will supply 1 GW of silicon cells to Waaree annually. The cells will feature wafers made with CubicPV’s technology, which produces wafers directly from a molten bath of silicon.</p>
<p>Last year, CubicPV <a href="https://mercomindia.com/iredas-module-tender-receives-strong-response/" target="_blank" rel="noopener">bid</a> for 1 GW capacity in Indian Renewable Energy Development Agency’s tender to set up manufacturing capacities for vertically-integrated high-efficiency solar modules under the Production-Linked Incentive program.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gourav-mishra/" class="vcard author" rel="author"><span class="fn">Gourav Mishra</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="50" /></p>
<p><strong style="text-decoration: underline">Gourav,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav.</a></p>
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<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="89" height="102" /><a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">Gourav</a> is a staff reporter with Mercom India with over six years of experience in various roles with NewsX, The New Indian Express, IBTimes India, and U.S., Republic, and Analytics India Magazine. Gourav has a Master&#8217;s in journalism from Jain University, Bengaluru. <a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav Mishra</a></div>
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Silicon Wafer Maker CubicPV to Build 10 GW Mono-Wafer Capacity in US

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