SolFocus raises $52M more for solar concentration
SolFocus, a Silicon Valley company that uses mirrors to concentrate the sun on solar cells, continues to soak up large amounts of cash.
Two years ago, the company created a frenzy among investors, and took $32 million from investors, or more than twice the amount expected. It did so because investors valued the company so highly (meaning the company could give away less shares in return for the cash). Now it has raised $52 million more,… Continue Reading