The new funds will be used to increase capacity at the Sunnyvale, California cell manufacturing facility and expand silicon purification operations in Vaughan, Ontario. 6N Silicon will operate as a wholly owned subsidiary of Calisolar.
Calisolar will integrate 6N Silicon’s silicon purification techniques into its manufacturing process to deliver solar cells.
Roy Johnson, CEO of Calisolar, said: “This is a major step towards our mission to reduce the cost of solar. With this acquisition of a world-class operation, talented people and new funding, Calisolar will rapidly grow in the US, Canada and around the world.”
Paolo Maccario, CEO of 6N Silicon, said: “We are excited to join forces with Calisolar and expand our capacity in Ontario. Calisolar is a recognized innovator and both companies have benefited from our history of collaboration. Together we will accelerate product development and trigger significant cost reductions for the solar market.”
