Solexant To Locate 100-MW Manufacturing Facility in Oregon

Solexant Corp., developer of third-generation ultrathin-film PV technology, has selected the city of Gresham, Oregon for the location of its first commercial-scale nanocrystal manufacturing facility.

Upon completion, the 100-megawatt (MW) plant will be Oregon’s first thin film solar manufacturing plant and the largest nanotechnology manufacturing facility in the world. Solexant expects to receive a US $25 million SELP loan from the Oregon Department of Energy (ODOE), the largest loan bestowed in the 30-year history of the state energy loan program.

“We are pleased to welcome Solexant to Oregon, North America’s leading solar manufacturing center,” said Governor Kulongoski. “This investment will mean jobs immediately for Oregonians with the promise of more in the future. In addition, this company brings a new technological facet to Oregon’s already booming solar manufacturing base and will help us continue to be a global leader in solar manufacturing.”

Along with an $18.75 million Business Energy Tax Credit (BETC) from ODOE, a $25 million loan from the State of Oregon Energy Loan Program and the $64 million in equity funding Solexant has raised to date, the company will have adequate funds to bring the nanotechnology-based thin film solar plant to full capacity. The factory will initially be housed in an existing 100,000 to 150,000 sq foot facility in Gresham with plans to construct the new manufacturing line in 2011.

Originally developed at Lawrence Berkeley National Lab (LBNL) by Dr. Paul Alivisatos and his team, Solexant’s printable nanocrystal technology platform can produce flexible thin film solar cells using a variety of materials through a fast and simple printing process using its nanocrystal inks. For its initial commercial offering, the company will produce the industry’s first nanocrystal ultrathin-film solar cell using its proprietary roll-to-roll manufacturing process to print CdTe nanocrystals on a flexible substrate.

Last month, Solexant announced the $41.5 million first close of a Series C financing round following the successful completion of a 2-MW pilot line operating at the company’s headquarters in San Jose.

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