Solar ink maker Innovalight shines with $15M
Innovalight, a Sunnyvale, Calif. company that has developed solar ink (made of liquid-like solar cells) capable of being printed onto conducting surfaces to generate power, has brought in $15 million of an anticipated $20 million round of equity and rights, according to a filing with the SEC.
This brings the company’s total raised to $55 million, with backers including Arch Venture Partners, Apax Partners, Convexa Capital, Harris & Harris, Seven Rosen Funds, Leader Ventures and Silicon… Continue Reading
Innovalight pushes solar ink to record efficiency
Innovalight, maker of liquid-like silicon cells that convert sunlight into energy, announced that its product has achieved 18 percent efficiency, a record for so-called solar inks. Given that typical solar panels are 12 percent efficient on average, this is quite the achievement — especially considering all of the unique applications for solar cells that you can print straight onto silicon.
Verified by both the U.S. Department of Energy’s National Reneable Energy Laboratory (NREL) and Germany’s Fraunhofer… Continue Reading
Concentrating solar outfit Soliant Energy gets General Electric investment
General Electric seems to be covering its bases when it comes to solar power. The company, which four months ago bought a controlling stake in thin-film solar panel maker PrimeStar Solar, has added concentrating solar to its portfolio with a $2.5 million bet on Soliant Energy, based in Monrovia, Calif.
The two startups are about as different as they come. Whereas thin-film solar, such as PrimeStar makes, is very low efficiency but dirt cheap, Soliant makes… Continue Reading
Innovalight raises $28M for new ink-based solar cell
Innovalight, a Silicon Valley company that says it has come up with new solar cell with nano-particles of silicon, has raised a large $28 million round of capital and said it plans to open a 30,000 square foot manufacturing facility next year.Innovalight is still being very vague on the details of its technology, and it’s very late to the game. There are already more than a dozen other large companies and start-ups that are developing… Continue Reading
Solopower raises $30M more
SoloPower, the Milpitas, Calif., company building a new solar power technology based on “electroplating,” which saves costs by placing expensive carbon material only in areas high voltage potential, has raised $30 million in venture backing.
We reported the round before, but at the time the amount was unknown.
PE Wire confirms that the maker of of thin-film photovoltaics has raised $30 million with Convexa Capital of Norway leading the deal, joined by Crosslink Capital and Firsthand Capital… Continue Reading
Greentech notes: SoloPower, MWOE, SNTech
Here’s a roundup of the latest green technology developments.
SoloPower announces investors — The Milpitas, Calif. make of photovoltaic solar cells and modules ,said it has $30 million more in a second round of capital. That adds to its previous $10 million. It’s well-funded, but not near nearly as well as some other players using the similar material, copper-indium-gallium-selenide (CIGS), to make newer, low-cost solar cells. Nanosolar, Heliovolt, Solyndra and Miasole have all raised significantly more… Continue Reading