Flisom signed a new investment with Tata Group
Flisom, a Swiss company developing innovative technologies for manufacturing of flexible thin film CIGS solar modules (copper-indium-gallium-(di)selenide), has now received an additional investment of CHF 10 million following an earlier investment of CHF 42.5 million in 2013 for the pilot-production plant with an annual capacity of 15MW in Niederhasli-Zurich in Switzerland. During last years Flisom improved the design of roll-to-roll manufacturing machines for processing and scaled them up from 50 cm width to 1 meter width rolls "“ an unprecedented scale of manufacturing capability for continuous processing of cost efficient, high performance monolithically interconnected flexible CIGS solar modules on plastic foil.
This fourth round of funding comes from Flisom's existing strategic investor, the Tata group, a global enterprise headquartered in India. "We are very pleased with this further investment from the Tata group coming on the eve of the inauguration of Flisom's 15 MW capacity pilot production plant, and we thank the Tata group and existing investors for their continued support", said Dr. Ayodhya Nath Tiwari, Chairman of Flisom.
"We appreciate the systematic approach towards innovation and the continuous hard work of Flisom's team in developing a unique manufacturing plant, while partnering with Empa, one of the world's leading labs, with several efficiency-related records for flexible solar cells", said Mr. K.R.S. Jamwal, Executive Director, Tata Industries. He further adds, "This investment marks Tata group's interest in next-generation technology for the solar photovoltaic industry."
