CubicPV to set up 10GW silicon solar wafer factory in the US

Facebook
Twitter
LinkedIn
Reddit
Email
CubicPV is in advanced discussions for the location of the plant, a rendering of which is pictured. Image: CubicPV.

Solar manufacturer CubicPV is planning to establish a 10GW mono wafer manufacturing facility in the US that it said will be the “first of this scale” in the country.

The plant would fill a void in the US PV manufacturing supply chain; the country has no domestic solar ingot, wafer or cell manufacturing capacity, according to research from the Solar Energy Industries Association published earlier this year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

97% of silicon wafer production capacity is located in China, led by manufacturers LONGi and TCL Zhonghuan.

A choice for the location to build the new facility is expected to be finalised during Q1 2023, with construction starting soon after and work to be completed in 2024. It will be fully ramped up in 2025.

The plant is expected to create 1,500 new direct jobs and meet the anticipated surge in demand for domestic wafer production.

“The IRA [Inflation Reduction Act] represents a titanic shift in the global solar landscape, and the US is poised to become the world’s most competitive location to manufacture solar. We’re excited to have a role in the US 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.

In addition to planning to build a domestic wafer production facility in the US, the company has raised US$26 million in Series B financing that will accelerate its research and development activities specific to tandem module development.

Formed in 2021 following the merger of 1366 Technologies and Hunt Perovskite, CubicPV’s technology uses the company’s Direct Wafer and perovskite processes.

The funding round was led by private equity fund manager Synergy Capital and SCG Cleanergy and joined with returning lead investors including Breakthrough Energy Ventures and Hunt Energy Enterprises.

“Synergy is convinced of the power of tandem and its promise to underpin the next era of solar growth. With Direct Wafer and perovskite, Cubic has the key technologies to capture that growth,” said Sudhir Maheshwari, managing partner at Synergy Capital.

Read Next

Premium
June 9, 2025
N-type polysilicon prices have dropped to RMB34,000/ton as the project installation rush ends, putting cost pressure on the industrial chain.
June 6, 2025
rPlus Energies has secured more than US$500 million for an 800MW solar-plus-storage project in Emery County, Utah, US.  
June 5, 2025
Policy uncertainty in the US is likely to disrupt investment in clean energy, according to a recent report from Crux.
June 3, 2025
Danish renewables firm European Energy has secured a €145 million (US$158 million) long-term loan to finance a 78.5MW solar park co-located with a 50MW battery storage plant in Anykščiai, Lithuania.
Sponsored
June 3, 2025
Tongwei Solar talks innovation, growth, sustainability and future technologies in the global solar PV sector.
June 3, 2025
Canadian solar manufacturer Heliene has opened a 500MW module assembly plant in Rogers, in the US state of Minnesota.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece