Bioindustrial Innovation Canada (BIC) through its Sustainable Chemistry Alliance Investment Fund (SCA Fund) is investing in Ubiquity Solar Inc. helping the company secure a pilot plant that is to be located at TransAlta’s Bluewater Energy Park in Sarnia, ON.
Led by president and CEO Ian MacLellan, Ubiquity Solar Inc. has developed a low-cost alternative to manufacturing high performance, advanced silicon materials used in the photovoltaic (PV) and semiconductor industry. Initially targeting the PV market, Ubiquity’s high-performance PV materials present a unique value proposition for customers– higher quality PV wafers that achieve higher cell efficiency, says BIC executive director Sandy Marshal.
“Their technology is potentially disruptive and we look forward to working with Ubiquity to execute their business plan and support their success,” he said.
In addition to being posted on the TSX Private Markets, Ubiquity Solar is currently engaged in a Series B funding round.
“We are very pleased to have the financial commitment from the SCA Fund, their strategic support as the lead investor for our Series B financing has already led to additional investment,” adds MacLellan. “This will allow us to go to the next phase in our project to produce industry leading high performance silicon wafers for the solar industry.”