17 Oct '11, 6pm

Cheap Silicon Solar Cell Startup: Sunpreme Gets $50M: Silicon comes in lots of different grades, and while the...

Cheap Silicon Solar Cell Startup: Sunpreme Gets $50M: Silicon comes in lots of different grades, and while the...

Image courtesy of Manybits via Creative Commons license Silicon comes in lots of different grades, and while the higher-end stuff used by the solar industry is getting cheaper, it’s still a lot more expensive than its coarser cousin, so-called “metallurgical-grade” silicon. Turning this material into solar cells could be a profitable business model -- and Sunpreme just got $50 million to pursue it. The Shanghai and Sunnyvale, Calif.-based startup plans to spend the money building a factory in Jiaxing, China to churn out 30 megawatts per year of Sunpreme’s “SmartSilicon” cells. The cells, based on patents filed in the United States (one of three has been granted), are to be cheap, high efficiency and made on “largely industrial standard production equipment,” according to Sunpreme’s Monday statement , which named the World Bank’s International Finance Corp., Capricorn Inves...

Full article: http://www.greentechmedia.com/articles/read/cheap-silicon...

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