Greenwing taps SolFocus for utility-scale solar projects
GreenWing Energy Management, builder of large renewable energy developments, has chosen SolFocus to provide its concentrating photovoltaic systems for utility-scale use in the western U.S. The news comes only two weeks after SolFocus raised an additional $30.6 million in venture capital.
It’s the second victory for four-year-old SolFocus, which is still battling to make a name for itself among larger competitors like Audra, First Solar and high-flying SunPower. Based in Mountain View, Calif., the startup only… Continue Reading
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