Xunlight gets $7M loan to work on rooftop thin-film lines
Commercial rooftops sporting solar panels are becoming a familiar sight. But the technology used is still changing, with companies like thin-film panel maker Xunlight working to change the way big box retailers and others get their solar energy.
Xunlight has just received an additional $7 million in a loan from the state of Ohio, where the company is based, to speed work on a 25 megawatt production line in Toledo. The facility should be done next… Continue Reading
Xunlight raises another $11M for thin-film solar modules
Xunlight is on a roll: Only a few weeks after disclosing that it had raised $4.97 million from Ohio’s Third Frontier Projects, the Toledo-based developer of flexible, low cost thin-film silicon modules has secured another $11 million in third round funding from a group of institutional investors, led by Rabo Ventures. Returning investors included Trident Capital and Emerald Technology Ventures.
The company plans on using the funds to expand its manufacturing operations; it currently operates a… Continue Reading
Xunlight secures $4.9M for thin-film solar modules
Following up on its recent $22 million haul, the Toledo, Ohio-based Xunlight Corporation has received another $4.9 million, courtesy of Ohio’s taxpayers. The company, a spin-off from the University of Toledo, is backed by Trident Capital, Emerald Technology Ventures and NGP Energy Technology Partners and has also received R&D funding from the US DOE, Department of Commerce and Ohio Department of Development.
The state’s Research Commercialization Program grant is meant to help the firm begin implementing… Continue Reading
Clean Wave Ventures starts $100M cleantech fund, focuses on Midwest
They may not receive as much attention as flashy Silicon Valley types, but Midwestern VCs would like you to know that, yes, they too are serious about investing in cleantech. The latest to join the fray are Rick Kieser and Scott Prince, whose Cincinnati, Ohio-based Clean Wave Ventures is in the midst of raising $100 million for its first cleantech fund.
The fund will focus on four main areas of investment: water, energy, transportation and materials…. Continue Reading
Xunlight raises $22M for thin-film solar modules
Who said academic egg-heads can’t craft compelling business plans? Xunlight, a developer of cheap, flexible thin-film silicon solar modules, has capped off a $22 million second round of funding, led by Trident Capital, Emerald Technology Ventures and NGP Energy Technology Partners.
Emerald Technology Ventures led the first $7 million round last year, which enabled Xunlight to build a roll-to-roll pilot production facility. The company was founded as a spin-off from the University of Toledo, its academic… Continue Reading