Innovalight, a San Francisco-based company that makes flexible thin-film solar modules, has taken $5 million in equipment lease financing from ATEL Ventures.
The most common substance for thin-film cells is CIGS, but Innovalight uses a printed silicon-ink process. The deposition technique uses less silicon, and allows for the greater flexibility of Innovalight’s modules.
Last year, Innovalight took $28 million in financing and announced plans to build a manufacturing facility, which is slated to open this year.
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