Solar Notion, a solar energy company, raises $10M to reduce cost “500 percent”

Solar Notion, a Sunnyvale, Calif. maker of solar energy panels, has raised around $10 million in a first round of funding led by hedge fund Third Point, according to a regulatory filing cited by PE Wire.

The company, still secretive, says on its Web site that it is developing technology to reduce manufacturing cost of solar panels by “over 500%, while achieving the efficiency and reliability of single crystal silicon solar panels.”

That’s their emphasis in italics, not… Continue Reading