Flisom Raises Funding To Ramp Up 15 MW Flexible CIGS Production Plant

Published on 14 Feb 2013
Flisom 
Flisom, a Swiss company developing technologies for manufacturing of flexible thin film CIGS solar modules (copper-indium-gallium-(di)selenide), has raised a substantially large investment to further develop its technology and build a production plant with an annual capacity of 15MW in Switzerland. Besides securing financial backing, Flisom also signed an agreement with Empa, the Swiss Federal Laboratories for Materials Science and Technology, to provide research and development support on high-efficiency flexible CIGS solar cell technology.
 
Flisom’s third funding round was completed with participation from a Swiss investor along with Flisom’s existing strategic investor, Tata, India’s largest and most respected business house.“This new investment marks investors’ satisfaction with Flisom’s progress towards the development of industrial manufacturing technology for roll-to-roll production of flexible solar modules. The 15MW plant will serve as a blueprint towards the establishment of larger-scale plants to manufacture flexible solar modules at low cost”, says Flisom’s interim CEO Marc Kaelin. ”Flisom’s technology shows strong potential in helping solar electricity become affordable.”
 
“At Tata, we are keen to support the company in achieving its vision. Such technologies have a potential to transform many lives for the better”, adds K.R.S. Jamwal, Executive Director, Tata Industries. “We admire the team and technology, based on a record setting efficiency of over 20% for CIGS from Empa, which we hope will be scaled up successfully. The funding will enable Flisom to purchase equipment and hire more experts to convert an innovative Swiss technology into an industrial reality.”
 
Flisom’s high performance products, processes and systems could lower the price of solar electricity thanks to low material usage, economic production technology, and reduced storage, transportation and installation costs. Markets addressable by Flisom’s flexible solar module manufacturing technology include utility scale solar farms, building integrated photovoltaics (BIPV), building applied photovoltaics (BAPV), transportation, portable power and electronics.

 
Source: Flisom AG
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