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Silicon firm Confluence Solar raises USD12.7m
Confluence Solar has raised USD12.7m in a Series A round led by Norway’s Convexa Capital that also included DC Chemical, Scatec Adventure, Oceanshore Ventures and others. The money will help finance a new factory in the firm’s home town of Hazelwood, Missouri, where Confluence Solar will manufacture a new form of single crystal silicon using DC Chemicals’ polysilicon that it claims is more efficient than conventional multi-crystalline silicon. Confluence Solar supplies silicon to solar cell manufacturers for conventional ‘bulk’ photovoltaic cells.
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