China and Japan get interested in 1366 Technologies ‘Direct Wafer’ technology

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

US-Based ‘Direct Wafer’ producer 1366 Technologies has attracted a new investor from China and a new customer in Japan. 

1366 Technologies said, Haiyin Capital, a China-based Venture Capital firm had invested US$5 million in the company as part of a US$22.5 million Series C investment round that brings total financing to around US$69.5 million. 

The company said the funds would be used for the previously planned new 250MW production plant in the US.

“1366’s technology will be uniquely important to the global silicon solar manufacturing chain which continues to seek new methods to strip out costs in the manufacturing process while increasing quality and efficiency,” said Yuquan Wang, Founding Partner, Haiyin Capital. “With Direct Wafer, the 1366 team provides an answer. We see the great potential for their technology in China and around the world.” 

The comments by the founder of Haiyin Capital suggest the VC could be active in promoting 1366 Technologies wafer technology to China-based integrated PV manufacturers and merchant producers. 

1366 Technologies also announced that Japan's IHI Corporation had specified the use of its wafers in two PV installations in Japan. 

In an unusual move, 1366 Technologies said it would be responsible for the procurement of the modules using its technology on behalf of IHI Corporation. 

“IHI intends to expand its portfolio of photovoltaic systems with innovative technologies that promise to dramatically reduce cost and improve efficiencies,” said Yukiya Nakagawa, Advisor, IHI Corporation. “The value proposition of 1366’s technology is clear and compelling not only in the short-term with traditional installation settings but also in the long-term as we explore installations where space is restricted and the value of efficiency even higher.”

“Our partnership with IHI demonstrates that the appeal of Direct Wafer extends downstream to global project developers who want to deliver high efficiency, high quality systems with lower technology costs,” said Frank van Mierlo, CEO, 1366 Technologies. “These installations are an important stepping stone on the path to commercial scale manufacturing.

A pilot PV installation of 20 modules was installed and operational in late February 2015, which will be followed by a 1MW plant after unspecified field tests are completed. 
1366 Technologies noted that it expected a long-term partnership with IHI. 

21 September 2021
C&I consumers currently source only about 7% of their power requirement directly from renewables. Indian corporate renewable market has grown rapidly and holds huge growth potential as companies look to reduce power purchase costs and cut carbon emissions. BRIDGE TO INDIA has built significant expertise in the corporate renewable business by working on over 30 consulting assignments and various research reports. We are organizing this conference to bring all stakeholders together and delve deeper into various market aspects. The conference will be held on a virtual platform with excellent networking opportunities for all participants.
22 September 2021
To commemorate the World Energy Storage Day(WESD) on 22 September, being recognized worldwide, Customized Energy Solutions (CES) and India Energy Storage Alliance (IESA) is organising the 5th global conference and virtual expo, which will be held virtually on 22 September 2021. WESD is a global movement initiated by various apex trade bodies working to promote and adopt energy storage, e-mobility & green hydrogen technologies for a sustainable future. The forthcoming edition of WESD is expected to attract global participation with an intent to facilitate bi-lateral trade, market development and new research and innovation, which will invite 100+ countries, 100+ regulators & policy makers, 100+ International speakers,1000+ organisations, 100+ partners & exhibitors and 20,000+ global delegates.
28 September 2021
Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.
6 October 2021
Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.
6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.
18 October 2021
Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.

Read Next

September 20, 2021
A subsidiary of Indian utility Tata Power has received a letter of intent to set up a 250MW grid-connected solar project in the state of Maharashtra.
September 20, 2021
Vattenfall has increased its emissions reduction targets to be in line with the 1.5 degrees Celsius scenario set out in the Paris Climate Agreement in a move that has been approved by the Science Based Targets initiative (SBTi) and which involves increasing its renewable capacity four-fold.
September 20, 2021
Lightsource BP has increased its solar deployment target to 25GW by 2025 after securing a US$1.8 billion financing facility that will help fund its global expansion.
September 20, 2021
Australian companies plan to spend AUS$5.1 billion (US$3.7 billion) on offshore gas exploration over the next six years, which is enough to develop 2.5GW of renewables capacity and generate close to 5,000 jobs
September 20, 2021
Mining company Rio Tinto has revealed plans for a new solar project and battery energy storage system that will help to decarbonise an off-grid mine in the Australian state of Queensland.
September 20, 2021
The US solar policy landscape is shifting at breakneck speed, with new incentives and trade tariffs promising to alter the shape of the industry for the coming decade. Luckily Andy Colthorpe and Liam Stoker are here to decipher the changes in the September 2021 episode of the Solar Media Podcast.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021