Solar grade silicon start-up raises $20 million

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Claiming a disruptive metallurgical grade silicon process that significantly increases the purity levels making it more attractive for silicon solar cell production, 6N Silicon Inc has raised $20 million in a second round of financing, led by Good Energies and initial investors Ventures West Management and Yaletown Venture Partners.

“Good Energies conducted a considerable amount of due diligence on our company and our process,” said Paolo Maccario, Chief Executive Officer of 6N Silicon. “This investment, therefore, is a significant endorsement by one of the industry’s most respected investors, and is an important step towards achieving our goal of becoming a leading supplier of solar grade silicon within the next three to five years.”

Headquartered in the Greater Toronto Area, 6N Silicon is currently using a pilot line for production. Metallurgical grade silicon production is measurably cheaper to that of polysilicon production. It also benefits from low capital equipment costs and ease of scalability.

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