Next-gen solar makers still finding funding

Despite the fact that solar panels are quickly becoming a commodity — cheap and uniform — it looks like investors are still willing to put a small amount of funding into the next-generation of solar equipment. Three startup solar makers have raised funds over the past week or so — two that make concentrating solar technology and one that makes crystalline silicon solar cells.

Last week Solexel, which uses silicon gas to make solar wafers, closed on $25 million in funding, according to a filing. Bloomberg reported on the deal and said that the funds would be used to build a pilot plant in California, which would be a testing ground for a larger commercial plant in Malaysia. Solar panel maker SunPower participated in the round, as did venture investors Kleiner Perkins, Technology Partners and DAG Ventures, reported Bloomberg.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Sierra Instruments, Inc.- MASTER your Flow Energy!

Sierra Instruments, Inc.- MASTER your Flow Energy!

Download Flow Energy Guide - Written by Engineers For Engineers. Learn how to save on energy costs by optimizing your facility flows that impact costs like compressed air, natural gas, steam, and hot or chilled water.