NorSun
Financials
Estimates*
NOK | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|
Revenues | 600m | 477m | 516m | 459m | 427m | 441m | 374m |
% growth | (22 %) | (20 %) | 8 % | (11 %) | (7 %) | 3 % | (15 %) |
Profit | 10.9m | (37.3m) | (14.4m) | 18.4m | (67.4m) | (812m) | 273m |
% profit margin | 2 % | (8 %) | (3 %) | 4 % | (16 %) | (184 %) | 73 % |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $106m Valuation: $106m | Buyout | |
$23.0m | Late VC | ||
N/A | $8.5m | Late VC | |
$72.3m | Late VC | ||
$94.0m | Debt | ||
* | €53.6m | Grant | |
* | NOK90.0m | Late VC | |
Total Funding | AUD268m |
Recent News about NorSun
EditNorSun is a Norwegian solar energy company specializing in the production and marketing of high-performance mono crystalline silicon ingots and wafers. Utilizing the Czochralski process, NorSun melts polysilicon in crystal pullers, lowers a seed crystal into the melt, and slowly pulls out a single crystal ingot from the molten silicon. This process ensures the creation of high-efficiency mono crystalline wafers, which are essential components in solar cells. NorSun serves tier one cell manufacturers globally, providing them with products that have a certified low carbon footprint. The company operates in the renewable energy market, focusing on sustainability and innovation. Its business model revolves around manufacturing and selling these specialized wafers to solar cell producers, generating revenue through product sales. NorSun's commitment to sustainable production and high efficiency makes it a key player in the solar energy industry.
Keywords: mono crystalline wafers, silicon ingots, solar energy, Czochralski process, tier one manufacturers, high efficiency, low carbon footprint, renewable energy, sustainable production, innovation.