Practical Instruments joins solar gold rush, raises $8M
Updated
Practical Instruments has raised $8 million in a first round of funding to develop what it says is the most powerful solar “concentration” technology yet.
It uses solar panels that track the sun as it moves. The panels use mirrors to concentrate the sunlight for the photovoltaic process, thereby boosting performance.
It is the latest in a wave of entrants in the booming solar power industry, and will compete against a number of other “concentration” companies, including… Continue Reading