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1366 Tech., Hunt Perovskite Tech. Merge Announced (M&A)
1366 Technologies,Hunt Perovskite
Date: 2021-06-28
Bedford, Mass.-based silicon wafer manufacturer 1366 Technologies and Dallas-headquartered Hunt Perovskite Technologies are reporting a merger to form CubicPV, which is reportedly in partnership talks with an as yet unidentified Indian firm.

Breakthrough Energy Ventures, First Solar, and Hunt Energy Enterprises are the three top shareholders in CubicPV.

CubicPV reportedly plans establish a 2GW solar wafer and cell manufacturing unit with an investment of around $300-350 million under the Indian central government's production-linked incentive scheme.

While CubicPV will establish and control the wafer and cell manufacturing, the yet to be determined local partner would handle module assembly from the cells and marketing in India. CubicPV will utilise 1366's trademark Direct Wafer process to produce wafers directly from molten silicon instead of ingots. (Source: 1366 Technologies, Hunt Perovskite Technologies, Hindu Busines Line, 28 June, 2021) Contact: 1366 Technologies, Frank van Mierlo, CEO, Laureen Sanderson, (781) 861-1611 x2204, lsanderson@1366tech.com, www.1366tech.com; Hunt Perovskite Technologies, Scott Burton, CEO, info@huntperovskite.com, www.huntperovskite.com

More Low-Carbon Energy News 1366 Technologies,  Solar,  CubicPV,  Hunt Perovskite ,  

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