Natcore Technology received approval from the TSX Venture Exchange for its acquisition of Vanguard Solar, bringing Vanguard’s former shareholders on as shareholders for Natcore. The close of the acquisition marks Natcore’s plans to advance the solar technologies developed by Vanguard.
“We are very excited about the technology developed by Vanguard,” says Chuck Provini, Natcore’s president and CEO. “With its possible suitability for use in now-dormant photographic film coating facilities, it holds the potential for rapid adoption following the remaining larger-scale proof-of-concept development. We will pursue this potential through both in-house efforts and possible joint ventures with industry.”
Vanguard’s technology has a chemical bath process similar to Natcore’s liquid phase deposition technology, but Vanguard has grown II-VI compound semiconductor thin-films on carbon nanotubes at room temperature and ambient pressure, while Natcore has focused on growing silicon dioxide films on silicon substrates.
First-generation products from Vanguard’s method have the potential to yield 15% to 16% efficiencies, while second-generation technology has the potential for 20% efficiencies. Investment for production facilities is estimated to be between $10 million-$15 million per 100MW-150MW of production capability, according to the company.