XsunX Inc. has been in existence since 2003, when it began to develop and commercialize next-generation thin-film photovoltaic (TFPV) solar cell apparatuses and the processes by which they are manufactured. The company recently acquired a 90,000 sq. ft. building near Portland, Oregon that will be fitted to facilitate its TFPV manufacturing operations.
Earlier this week, XsunX finalized an agreement forged with Praxair, Inc. (NYSE: PX), which will supply exceedingly pure industrial gases that play an integral role in the production of XsunX’s cutting-edge solar cells. In addition to supplying the product, Praxair will also offer its expertise in the implementation of the system by which the gases are delivered. Praxair is recognized as a world leader in the field, having recorded annual sales of $9.4 billion in 2007.
“The agreement will provide for Praxair’s expertise in the design, installation, and management of our gas handling and delivery systems and a long term contract to supply the bulk of our manufacturing gas needs,” noted Tom Djokovich, CEO of XsunX. “We are pleased that such a major part of the integrated thin film TFPV manufacturing process is in good hands. Having secured gas supplies with Praxair to support a large part of our thin film TFPV manufacturing processes, we have begun to meet our short and mid term goals in the build out and supply of our multi-megawatt thin film photovoltaic solar manufacturing facility.”
The strategic placement of the Oregon facility was affected by the Oregon State Senate’s passing of legislation requiring utility conglomerates to generate a minimum of 25 percent of required energy from renewable sources by 2025. With the help of $21 million in financing from Fusion Capital Fund II, XsunX has expressed its intent to bring the facility fully online by the end of this year.
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