5B's acquisition of IXL Solar’s manufacturing business: FAQs
Why did 5B make this investment?The acquisition of IXL Solar's operations will significantly bolster our in-house R&D capability and provide additional support to our 5B Ecosystem Partners.
This will result in:
- More product innovation
- Improved processes
- Better overall project delivery
Will this reduce assembly/supply costs?Our research and development team are laser-focused on product improvements to our 5B Maverick solution. We will continue to drive performance up and cost and complexity down.
In the last 12 months working with IXL Solar we have been able to reduce the production cost of 5B Maverick by more than 60 percent and increase the size of a single 5B Maverick block, or unit, by 50 percent, to 48kWDC.
Any change to supplier contracts?Yes. Someone from 5B will be in touch to re-enter into these contracts and ensure you are set up correctly with our finance term. If you have any questions, please contact firstname.lastname@example.org
What impact will this have on 5B Ecosystem partners?The acquisition will enable 5B to provide more support to 5B Ecosystem Partners in terms of onboarding and set-up, increased agility and responsiveness to customers, and accelerate product and process innovation.
If you have any questions please contact email@example.com for deployment partner queries.