PRTODAY / NewswireToday press release distribution service network
More news: Energy
Written by / Agency / Source: Thoughts on Communications in Ireland
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Nines Photovoltaics Closes Funding Round of €750,000 - Dublin based solar cell manufacturing design company, Nines Photovoltaics, today announced the closing of a €750,000 round of funding -
Nines Photovoltaics Closes Funding Round of €750,000


NewswireToday - /newswire/ - Dublin, Ireland, 2012/02/23 - Dublin based solar cell manufacturing design company, Nines Photovoltaics, today announced the closing of a €750,000 round of funding -

Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


• Funding to build first industrial scale silicon wafer processing tool;
• Plans to double staff headcount;
• €2.5 million raised to date.

The round of funding was led by Irish clean tech investor,, through its Green Employment & Investment Incentive (EII) Fund and was supported by a number of key private investors including the Irish State via Enterprise Ireland. This brings the total funding raised by the company to date to over €2.5m including €1.2m through FP7 European Funding, which was announced in June 2011.

The funding will be used to recruit additional staff and to build the company’s first industrial silicon wafer processing tool, which will house the disruptive technology that has been developed by the Nines Photovoltaics’ team. This tool will be validated in a pilot production line in Fraunhofer ISE (Freiburg Germany) - one of only two places in the world that can certify solar cell efficiencies.

Through its breakthrough proprietary technology and equipment, the company aims to dramatically change the processes used to manufacture Solar Cells, reducing the production cost whilst also increasing cell efficiencies.

Commenting on the fundraising Edward Duffy, CEO, Nines Photovoltaics said “These are exciting times. We are innovating in a truly global market with enormous potential and are planning to export 100% of our products. We plan to equip our first production lines in Q4 2012 whilst working with Photovoltaic (PV) manufacturers across the globe.”

Solar Cell manufacturers have been impacted by the global downturn, which has led to much consolidation within the industry over the last 12 months according to Simon Forsyth, CFO, Nines Photovoltaics, who explained “Our investors have seen the opportunity that this consolidation phase presents for our core proposition. Industry wide there has been a change of focus away from investment in production capacity to investment in technologies that result in cost reduction and increased cell efficiencies. This shift in focus is critical if cell manufacturers are to have an edge in this highly competitive market and our technology offers this advantage”.

In addition to the cost savings, this technology will dramatically lower cell manufacturer’s water consumption, enabling investment in the further scaling of their manufacturing facilities. Nines Photovoltaics is the first company to offer a processing solution, which uses a fully dry process using only Zero Global Warming Potential chemicals. Its technology will also assist in moving the solar industry closer to “Grid Parity” – a point where solar electricity can compete on level terms with electricity generated from the burning of fossil fuels.

Commenting on the investment Elliott Griffin, CEO, BVP Investments, the investment manager for, said “BVP is delighted to be involved with Nines Photovoltaics. We have been tracking their progress for the past 2 years. We believe the strength of the team and their trial customers based in the heart of the German solar technology industry is a very exciting combination."

Welcoming the announcement Greg Treston, Enterprise Ireland Head of High Potential Start ups said: “This is a very innovative and exciting high tech company and a strong example of the type of entrepreneurial businesses that contribute so much to the Irish economy. This announcement is one that we greatly welcome and we look forward to working closely with Nines Photovoltaics in further developing their business”.

About Nines Photovoltaics
In 2008 the founders of Nines identified a niche area in the Photovoltaic (PV) industry to which they could apply their expertise from the Semiconductor Industry. In 2010 they collaborated with a leading German Research Institute – the Fraunhofer Institute to develop the offering further.

Nines Photovoltaics ( does not manufacture electricity generating solar cells but rather production enhancing technology and processes. This funding round will help build the next generation of Photovoltaic production lines.

Based in the Synergy Centre on the Tallaght IT Campus, the company is headed up by Edward Duffy CEO, Laurent Clochard CTO and Simon Forsyth CFO.

About BVP Investments
BVP Investments is the Investment manager for the Green Employment & Investment Incentive (EII) Fund. Established in 2007, the fund has raised €6.3 million to date and is the largest investor in Irish Cleantech early stage technology companies with its portfolio of 12 companies

Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: Thoughts on Communications in Ireland


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick NewswireToday Visibility Checker


Distribution / Indexing: [+]

# # #
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!

Nines Photovoltaics Closes Funding Round of €750,000

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
Publisher Contact: Eoin Kennedy - 
+353 86 8339540 eoin[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Thoughts on Communications in Ireland securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From Thoughts on Communications in Ireland / Company Profile

Read Energy Most Recent Related Newswires:

Voith Equips the Ethiopian Hydropower Plant Gilgel Gibe II with Intelligent Solutions
ANDRITZ to Modernize the Jebba Hydropower Plant in Nigeria
Global Green Hydrogen Production Set to Reach 5.7 Million Tons by 2030 Powered by Decarbonization Finds Frost & Sullivan
Iren Mercato Chooses Leonardo as its Technology Partner for Energy Trading Risk Management
Deschutes Valley Water District in Oregon Invests in Small Hydro with Turbine Order from Voith
ABB to Deliver Major Efficiencies for 630MW Power Plant in Mugla, Turkey
VINCI Announces Acquisition of Offshore Wind Farm Specialist EWE Offshore Service & Solutions GmbH
ABB to Develop High Power EV Charging Solution in Partnership with AFC Energy
ANDRITZ and Mercedes-Benz Energy Sign Cooperation Agreement to Supply Large Battery Energy Storage Systems for Hydropower Plants
Norway’s Largest Newsprint Producer Selects ABB for Mill Digitalization
Yokogawa and Power Factors Announce Reseller Agreement for Renewable Energy Asset Performance Management Platform
Voith Participates in EU Research Project FIThydro - Sustainable Use of Renewable Energy Resource Hydropower
ABB and CORYS Sign MoU for Digital Collaboration
ABB Launches ABB Ability™ Safety Plus for Hoists Ensuring the Highest Level of Personnel and Equipment Safety
ABB Supports Rebuild Efforts of Critical Infrastructure in Beirut

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business


Visit  La Bella Bakery Artisan Bakery Arizona


  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (