Calyxo secures financing with IBG cadmium telluride PV technology
Calyxo GmbH has finalised an agreement with the IBG Beteiligungsgesellschaft Saxony-Anhalt, for financing for cadmium telluride photovoltaic technology.
The IBG is involved in technology-oriented companies and projects, and supports the business model of Calyxo. The company says the integrated value chain from the production of CdTe thin-film modules to the implementation of so-called EPC Projects [Engineering, Procurement and Construction] has convinced the IBG to finance.
The plan is to produce modules in a short term at a cost of 0.25 EUR / Wp with the low-cost atmospheric deposition process.
The core equipment for the semiconductor deposition was designed and developed by the engineers at Calyxo; as well as the major system components which have been transferred to patent applications.
The participation of the IBG opens and secures the business opportunities of Calyxo GmbH with their financial commitment and know-how. In particular, the technology will be further developed through their participation and opens up new markets for EPC projects due to the core technology.
The IBG has consistently pursued its goal of promoting the development of Calyxo GmbH as well as the efficiency of the photovoltaic unique technology, achieving the current CdTe world record of 20,4% efficiency, to be produced on mass soon.
The main shareholder of Calyxo GmbH, Solar Fields LLC, welcomes the participation by IBG.