Cool Earth Solar raises $750,000 for solar power concentration technology
Cool Earth Solar, a Livermore, Calif. company that says it has developed a new solar concentration technology, has raised $750,000 in a seed round of financing, VentureWire reports (sub required).
The company has a good presentation of its technology here.
Cool Earth Solar was founded by Eric Cummings, a former researcher at the Sandia National Laboratories and founder of Livermore-based laboratory equipment manufacturer LabSmith Inc., in December 2006. The round consisted of undisclosed angel investors, with Cummings saying he expected the financing to re-open for an additional $200,000 close.
Cool Earth Solar joins a number of companies trying to concentrate solar power in various ways, including Energy Innovations, SolFocus and Soliant.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
