+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
News Article

Natcore Technology Enlarges Solar Science Portfolio

Vanguard’s technology to complement Natcore’s

One month after announcing the formation of a joint venture in China to produce equipment and materials for use in making solar cells, Natcore Technology Inc. has executed a letter of intent to purchase Vanguard Solar, Inc., a private firm controlling key intellectual property in the field of solar energy. The closing of the transaction is subject to the completion of due diligence and mutually agreeable legal documentation.


Vanguard has focused on the development of a flexible, thin-film photovoltaic material potentially capable of silicon solar cell-like efficiency at one-tenth the manufacturing cost and one-twentieth the capital investment.


Vanguard employs a proprietary chemical bath process similar to Natcore s liquid phase deposition (LPD) technology, although Vanguard is growing II-VI compound semiconductor thin films on carbon nanotubes at room temperature and ambient pressure, while Natcore has thus far concentrated on producing solar cells by growing silicon dioxide films on silicon substrates.


The first-generation products from Vanguard s method could produce 15%-16% efficiencies at module costs of 60 cents to 70 cents per watt. It is anticipated that second-generation technology could achieve 20% efficiencies at even lower costs per watt. The investment for production facilities is projected as low as $10 million to $15 million per 100-megawatt to 150-megawatt production capability, as compared with current costs of as much as $250 million for standard solar-cell production facilities. Vanguard s production equipment would be designed for insertion into an existing roll-to-roll film-coating line of the sort that has been displaced by the emergence of digital photography. All production materials are widely available and dramatically cheaper than silicon and other thin film systems. If successfully developed, the process would enable a very cost-efficient production capability in large-scale facilities.


Two of Vanguard s shareholders are Professor Andrew Barron and Dr. Dennis Flood, both of whom are scientific founders of Natcore. It was collectively felt that the acquisition of Vanguard Solar and the integration of its technology into Natcore s intellectual property portfolio would continue to expand the depth and breadth of Natcore s impact on the solar energy industry.


As consideration for the purchase of Vanguard Solar, Natcore has agreed to issue Vanguard shareholders common shares of Natcore Technology, subject to the approval of the TSX Venture Exchange. Specific terms of the transaction will be provided upon closing of the acquisition.


"We are particularly excited about this acquisition because it represents another compelling outgrowth of Prof. Barron s foundational work in chemical processes that mimic materials growth in nature," says Chuck Provini, Natcore s President and CEO. "In fact, our company name, a combination of nature and core, was chosen to reflect this synthesis of natural processes--like the growth of an abalone shell-- that grow extraordinary materials in widely varied environments. By employing ultra-pure chemicals and modern materials science, Prof. Barron has been able to combine the best of man and nature."


Statements in this press release other than purely historical factual information, including statements relating to revenues or profits, or the Company s future plans and objectives, or expected sales, cash flows, and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company s business, including risks inherent in the technology history. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.


SOURCE Natcore Technology Inc.

CS International to return to Brussels – bigger and better than ever!


The leading global compound semiconductor conference and exhibition will once again bring together key players from across the value chain for two-days of strategic technical sessions, dynamic talks and unrivalled networking opportunities.


Join us face-to-face between 28th – 29th June 2022

  • View the agenda.
  • 3 for the price of 1. Register your place and gain complementary access to TWO FURTHER industry leading conferences: PIC International and SSI International.
  • Email info@csinternational.net  or call +44 (0)24 7671 8970 for more details.

*90% of exhibition space has gone - book your booth before it’s too late!

Register


×
Search the news archive

To close this popup you can press escape or click the close icon.
×
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: