30/04/2014

Calyxo GmbH secures further financing with IBG Beteiligungsgesellschaft Saxony-Anhalt

. IBG participates with Calyxo
. Partnership for Success

Calyxo GmbH has concluded an agreement with the IBG Beteiligungsgesellschaft Saxony-Anhalt, the current financing of the futuristic cadmium telluride photovoltaic technology - Made in Germany!

The IBG is involved in technology-oriented, innovative companies and projects, as it has found in the business model of Calyxo. 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 the IBG convinced to finance.

Together we are confident that we are able to produce modules in a short term at a cost of 0.25 EUR / Wp with the low-cost atmospheric deposition process and thus PV to power attractive market regardless of funding.

The core equipment for the semiconductor deposition was thereby designed and developed by the innovative and experienced team of engineers at Calyxo itself.

Major system components are constructed by Calyxo and 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. The long-term relationship with the state of Saxony-Anhalt is expanded.


Source: Calyxo GmbH