Financials

Estimates*

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Revenues, earnings & profits over time
NOK2016201720182019202020212022
Revenues600m477m516m459m427m441m374m
% growth(22 %)(20 %)8 %(11 %)(7 %)3 %(15 %)
Profit10.9m(37.3m)(14.4m)18.4m(67.4m)(812m)273m
% profit margin2 %(8 %)(3 %)4 %(16 %)(184 %)73 %
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DateInvestorsAmountRound
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$174m

Recent News about NorSun

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More about NorSuninfo icon
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NorSun 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.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.