TPI Composites raises $20M for wind turbine blades
TPI Composites, maker of blades for wind turbines, just brought in $20 million in second-round financing, mostly from General Electric’s Energy Financial Services and equity branch. The Scottsdale, Ariz. company will use the money to build out its manufacturing plants in Mexico, Iowa and China. It is still looking to expand despite the downturn, and had a three-fold increase in production last year.
TPI’s current plants supply energy to Mitsubishi Power Systems and GE Energy, the… 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