6N Silicon Inc., a supplier of solar-grade silicon for the photovoltaic industry, has secured up to $20 million in second round financing, led by Good Energies, a global investor in the renewable energy and energy efficiency industry.
Both major investors from the company’s first round of private financing, Ventures West Management and Yaletown Venture Partners, also participated.
6N said the investment will be used to move into commercial production. 6N Silicon said its unique process for upgrading standard metallurgical grade silicon into true solar grade silicon requires only low capital equipment and production costs.
About 6N Silicon
6N Silicon says it has developed a disruptive process for the production of true solar grade silicon. Headquartered in the Greater Toronto Area, 6N Silicon is in the heart of Canada’s metal processing industry and is surrounded by Canada’s extensive metal processing expertise. 6N Silicon is the
recipient of the Deloitte & Touche Technology Green 15 Award as one of the top fifteen green technology companies in Canada.
About Good Energies:
Good Energies is a leading global investor in the renewable energy and energy efficiency industry, focusing on investments in solar, wind, project finance and development as well as energy efficiency and green building. The company also makes investments in the developing world and in other breakthrough renewable energy technologies. Good Energies is a member of COFRA Group, a privately owned group of companies. Good Energies operates globally with offices in London, New York, Toronto, Washington D.C., and Zug. The annual investment budget is 350 million Euros (500 million US dollars). The current market capitalization of its portfolio amounts to more than four billion Euros (five billion US dollars). For more information, visit the Good Energies web site at www.goodenergies.com.
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