
Dallas-based Hunt Energy Enterprises and Breakthrough Energy Ventures, a clean energy fund founded by Bill Gates, are among contributors in a Massachusetts solar power company that has raised more than $100 million, according to a June 13 news release. (Source: Shutterstock.com)
Dallas-based Hunt Energy Enterprises and Breakthrough Energy Ventures, a clean energy fund founded by Bill Gates, are among contributors in a Massachusetts solar power company that has raised more than $100 million, according to a June 13 news release.
CubicPV, which also has an office in Dallas, raised the equity commitments to advance solar power work, including a U.S. factory.
CubicPV said $33 million has been made available immediately. The second round of funding is tied to project milestones in CubicPV’s effort to develop and produce silicon wafers, an important component of solar panels. The company’s goal is to build 10 gigawatts of wafer production in the U.S. CubicPV, according to the news release.
CubicPV has identified two possible factory sites located in the U.S., but it did not name their locations.
In addition to contributions from Hunt and Breakthrough Energy, CubicPV also received funding from its “strong shareholder base, led by SCG Cleanergy” which is a wholly owned subsidiary of SCG, a Thai company. CubicPV did not release a breakdown of the investors’ commitments or details on the project milestones.
CubicPV and Hunt did not respond to requests for comment.
Recommended Reading
E&Ps Posting Big Dean Wells at Midland’s Martin-Howard Border
2025-04-11 - Diamondback Energy, SM Energy and Occidental Petroleum are adding Dean laterals to multi-well developments south of the Dean play’s hotspot in southern Dawson County, according to Texas Railroad Commission data.
On The Market This Week (April 7, 2025)
2025-04-11 - Here is a roundup of marketed oil and gas leaseholds in the Permian, Uinta, Haynesville and Niobrara from select E&Ps for the week of April 7, 2025.
US Oil Rig Count Falls by Most in a Week Since June 2023
2025-04-11 - The oil and gas rig count fell by seven to 583 in the week to April 11. Baker Hughes said this week's decline puts the total rig count down 34 rigs, or 6% below this time last year.
IOG, Elevation Resources to Jointly Develop Permian Wells
2025-04-10 - IOG Resources and Elevation Resources’ partnership will focus on drilling 10 horizontal Barnett wells in the Permian’s Andrews County, Texas.
Saudi Aramco Discovers 14 Minor Oil, Gas Reservoirs
2025-04-10 - Saudi Aramco’s discoveries in the eastern region and Empty Quarter totaled about 8,200 bbl/d.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.