Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

Germany’s NexWafe raises €10M to cut solar production costs and CO2 emissions; here’s how

Editorial team by Editorial team
February 9, 2021
in (Crowd)funding, News
0
Nexwafe

Image credit: Nexwafe

16
SHARES
LinkedInTwitterWhatsAppFacebook

Freiburg, Germany-based NexWafe, a company that produces high-efficiency monocrystalline silicon wafers, has raised €10M in its Series B round of funding.

In electronics, a wafer (also called a slice or substrate) is a thin slice of semiconductor, such as crystalline silicon (c-Si), used for the fabrication of integrated circuits and, in photovoltaics, to manufacture solar cells. The wafer serves as the substrate for microelectronic devices built in and upon the wafer.

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

Investors in this round

The current round saw participation from investors including Fraunhofer, Saudi Aramco Energy Ventures, GAP Technology Holding, Lynwood Schweiz AG, and Bantina Invest Limited. 

Use of the funds

The raised capital will enable NexWafe to further industrialise its green high-efficiency solar wafer technology, “EpiNex”, and begin its pilot manufacturing activities. The company is also looking for potential partners to commercialise the technology.

To make this happen, NexWafe’s CEO, Davor Sutija will be leading this development. He was appointed to his position in September 2020.

What has NexWafe built?

The company was spun out from Fraunhofer Institute for Solar Energy Systems in 2015 by founders Frank Siebke, Kai Schillinger, Roy Segev, and Stefan Reber. NexWafe uses in-line epitaxy for the production of high-efficiency monocrystalline silicon wafers. 

Epitaxy refers to a type of crystal growth or material deposition in which new crystalline layers are formed with one or more well-defined orientations with respect to the crystalline substrate.

By minimising waste through its direct-gas-to-wafer manufacturing, NexWafe’s Epinex wafers are compatible with conventional solar cell and module manufacturing with a 70 per cent reduction in the carbon footprint compared to conventional wafers as well as reduces production cost by 30 per cent.

The company uses its process in which a crystalline silicon layer is deposited on a seed wafer and then detached. This produces finished wafers with optimal thinness and superior material properties. The company has a 5MW pilot production facility in Freiburg/Germany, with shipments planned to start in 2021 as well as to raise further capital to support that activity.

Bart Markus to be the new Chairman of NexWafe Board?

The company has also announced that as it meets the above-mentioned developments, Peter Pauli will step down as Chairman of the Board of Directors to devote more time to other commitments. 

He will continue his association with NexWafe and remains a shareholder. Pauli says, “Helping to lead NexWafe on its transition from an academic spin-off to its emergence as a technology product company was a great honour. NexWafe’s EpiNex wafers are a key element of the future solar market, as the industry strives to meet expectations in terms of costs and PV efficiency.”

Bart Markus, a member of the Board of NexWafe since 2019, will take over as Chairman. Markus has more than two decades of experience as a serial entrepreneur and investor in high technology. He also holds an MSc in Applied Physics from the Twente University of Technology and an MBA with distinction from INSEAD.

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Nebula CTO Andre Witte
Cloud spend management 😱
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the...Show More
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the costs at bay in 2021. Show Less
Read more
Tags: fundingnewssolar energy
Share1Tweet4SendShare6

Featured events

07apr10:0012:30FeaturedWorkshop: pr for startupsHow to grow your startup with the help of public relations

Partner content | Work with us

Future Hamburg Award: Looking for the best startups to forge the city of the future

The Humblebrag launches online course to help emerging leaders amplify their visibility and voice

Blue Tulip Awards announce 5 finalists in the Food & Water and Education & Employment theme

Impact media foundation 5 Media offers grants up to €100,000 per year to drive a sustainable future

Here’s how cryptocurrency will take over the world

Breaking news from Amsterdam | Partner

Amsterdam’s Crisp raises €30M: Here’s what this online-only supermarket plans to do with this capital

Amsterdam-based Tellow’s parent company raises €60.2M: An interview with Thomas Vles, Tellow’s new CEO

Amsterdam-based fast-charging startup Fastned charges itself with €150M through accelerated bookbuild offering

Amsterdam-based Founda Health raises €12.3M to build infrastructure for global healthcare sector; here’s how

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info