Cyrium Gets Full-Time CEO
Cyrium Technologies said today that Harry Rozakis, a veteran of the chip industry, will become the new CEO.
The Canadian company has touted solar cells that can convert 40 percent or more of the light that strikes them into electricity.The cells aren’t made of silicon, which some experts say maxes out at29 percent efficiency. Instead, it makes quantum dot triple junctionsolar cells. These cells could then be placed under a a concentrator tocrank out power. But it’s exotic science so naturally you don’t seestacks of them next to the barbecues at Home Depot yet. The technologylargely emerged from the Simon Fafard. Steve Eglash, a venturecapitalists, took over as CEO in December 2007. It then raised $15million in a Series B round in July. No word on where Steve went.
The secretive Quercus Trust is one of the investors.
Concentrators, like thin film solar companies, are in a limbo statethese days. A few years ago, silicon prices were soaring and demand forraw sillicon and solar panels raged. Now, demand has dropped, solarpanel manufacturers have managed to squeeze more costs out of theiroperations and everyone wonders how alternatives to traditional glass’n’ sand solar panels will really fare. We shall see.
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