Solexant plans 100 MW assembly line for solar-ink panels, looks for $50M
Solexant, maker of photovoltaic panels with solar cells so thin that they are literally printed onto the panels’ surfaces, announced plans today for a 100-megawatt, commercial-scale panel assembly line — enough to provide power for as many as 800,000 homes. It says it will try to raise $50 million in a third round of funding to finance the project.
Right now, the San Jose, Calif. company is working on a much smaller 3-megawatt assembly line in… Continue Reading
Solexant raises $4.3M for new thin film solar cell
Solexant, a secretive solar cell developer in Sunnyvale, Calif, has raised $4.3 million in a first round of capital to develop a prototype of its technology.
The funding came to light in a regulatory filing, and chief executive Damoder Reddy tells VentureBeat he didn’t want to provide many details.
X/Seed Capital led the round, which included Firelake Capital, Medley Partners and Trident Capital. The company earlier raised a seed round, and will like look for a second… Continue Reading
Solexant raises less than $1M to demonstrate new solar cell
Solexant, a Sunnyvale start-up that uses nanotechnology to make solar cells more efficient, has raised an angel round of less than $1 million, and will demonstrate the technology within the next few months.
Solexant integrates its nanostructured material with standard silicon, so that solar cells can capture energy from a part of the sun’s light spectrum that has eluded pure-silicon solar cells so far. That spectrum is the infrared range of 800-2,000nm.
Solexant’s chief executive Damoder… Continue Reading