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New investment from the TATA Group

Flisom signed a new investment with Tata Group

DUEBENDORF, Zurich, Switzerland – June 10, 2015 – Flisom, a Swiss company developing innovative technologies for manufacturing of flexible thin film CIGS solar modules (copper-indium-gallium-(di)selenide), has now received an additional investment of CHF 10 million following an earlier investment of CHF 42.5 million in 2013 for the pilot-production plant with an annual capacity of 15MW in Niederhasli-Zurich in Switzerland. During last years Flisom improved the design of roll-to-roll manufacturing machines for processing and scaled them up from 50 cm width to 1 meter width rolls – an unprecedented scale of manufacturing capability for continuous processing of cost efficient, high performance monolithically interconnected flexible CIGS solar modules on plastic foil.

This fourth round of funding comes from Flisom’s existing strategic investor, the Tata group, a global enterprise headquartered in India. “We are very pleased with this further investment from the Tata group coming on the eve of the inauguration of Flisom’s 15 MW capacity pilot production plant, and we thank the Tata group and existing investors for their continued support”, said Dr. Ayodhya Nath Tiwari, Chairman of Flisom.

“We appreciate the systematic approach towards innovation and the continuous hard work of Flisom’s team in developing a unique manufacturing plant, while partnering with Empa, one of the world’s leading labs, with several efficiency-related records for flexible solar cells”, said Mr. K.R.S. Jamwal, Executive Director, Tata Industries. He further adds, “This investment marks Tata group’s interest in next-generation technology for the solar photovoltaic industry.”

With the investment received in 2013, Flisom refurbished an old manufacturing building of 4500 square meter ground area in Niederhasli, in the outskirts of Zurich, to install all the needed machines for solar module manufacturing on 1 meter wide rolls. At the same time, Flisom continued technology development on 50 cm wide rolls at its Dübendorf plant, located on the campus of Empa”, says Flisom’s Chief Operating Officer, Dr. Sudheer Kumar.

The Chief Executive Officer of Flisom, Mr. Ulfert Rühle said, “After the successful installation of machines and other factory infrastructure in Niederhasli, the next step is to transfer the process know-how on these high-tech machines using specifically customized designs. Some of the machines are based on many years of development by experts, innovative proprietary designs and complex engineering making Flisom’s machines unique for achieving cost and performance efficiency targets for a breakthrough manufacturing”.

“The 15MW plant will serve as a proven blueprint for establishing larger production plants having a production capacity greater than 100 MW as well as low capital and operating expenditures. Flisom has been working steadily towards lowering the costs of manufacturing of flexible solar modules”, added CEO Rühle. Flisom’s high performance, lightweight, and robust products and systems could lower the price of solar electricity thanks to low material usage, economic production technology, and reduced storage, transportation and installation costs. Markets addressable by Flisom’s flexible solar module manufacturing technology include utility scale solar farms, building integrated photovoltaics (BIPV), building applied photovoltaics (BAPV), transportation and portable power.