Solar

Solaicx Closes $27.1 M Series C Funding Round

Santa Clara, California [RenewableEnergyAccess.com] Solaicx, a manufacturer of mono-crystalline silicon ingots and wafers optimized for photovoltaic (PV) applications, announced it has closed $27.1 million in Series C financing. Solaicx’s proprietary, continuous Czochralski (CZ) high-volume ingot and wafer production system improves on the manufacturing process, which results in superior quality silicon ingots. Solaicx uses streamlined ingot production techniques and up to 30% higher efficiencies in polysilicon feedstock usage to enable reduced costs throughout the solar electricity value chain. The D. E. Shaw group is the lead investor in the funding round, which includes Mitsui Ventures and Applied Ventures, LLC (the venture capital arm of Applied Materials, Inc.), Firsthand Capital Management, Big Sky Ventures, and Greenhouse Capital Partners.