Tag Archives: solfocus
What Recession? 3 Solar Companies Funded in the Past Week
Given the uneasiness investors have expressed about investing in capital intensive solar businesses since Solyndra, the recent bankruptcies, and industry woes, it’s noteworthy that three solar companies raised funds in the last week or so. California-based Solexel raised $25 million to build a pilot plant for its manufacturing process, which employs silicon gas to make solar wafers. SunPower (SPWR) is an [...]
SolFocus Grabs Another 20M
SolFocus, the Mountain View, CA-based concentrating photovoltaic (CPV) vendor,raised another $20 million of a potential $50 million equity round.Investors listed on the SEC document include NEA, NGEN and Apex. Thisbrings the total VC funding for the company to more than $190 million. At one time, piles of venture funding could be seen as a vote [...]
SolFocus and Concentrix Leading CPV Revolution
Reporting from the Intersolar show in San Francisco, Calif.– We’re starting to see small signs of progress in concentrating photovoltaics (CPV). SolFocus SolFocus VP of Sales and Marketing, Nancy Hartsoch, spoke at an insightfullymoderated panel at Intersolar on Monday afternoon. After a bleak 2009,SolFocus now considers itself an emerging growth company, rather than astartup, and [...]
ATEL Ventures provides $3 million capital credit line to SolFocus
ATEL Ventures, a provider of secured financing to emerging growthcompanies, has provided $3 million in equipment financing to SolFocus, a developer of Concentrator Photovoltaic (CPV) systems. The equipmentfinancing will be used for the company’s high-volume manufacturing. “SolFocus is in full-scale commercialization of its solar systems in the US,Australia and Europe,” said Steven Rea, Executive Vice [...]
SolFocus Lands Deal With Airport Down Under
SolFocus is working with developer Ingenero to install a 235-kilowatt powerstation using 28 of their Concentrating Photovoltaic (CPV) solar arraysto furnish solar power at Alice Springs Airport in the NorthernTerritory of Australia. The Alice Springs Airport power station willdeliver approximately 600 megawatt-hours of electricity directly to theairport’s internal electricity grid, which is roughly 28 percent [...]
SolFocus Installing 1 MW CPV Plant At California College
Victor Valley College and SolFocus plan to install a 1 MW facility of high concentrator photovoltaic (CPV) systems for the college, located in Victorville, Calif. The Victor Valley College solar micro-generating facility is expected to produce roughly 30% of thecollege’s electricity demand. Construction on the six-acre plantis currently under way on the college’s main campus. [...]
Solar Personnel Changes – Pt.1
Meredith McClintock, CEO of Ready Solarhas been replaced by Robert Giles, founder of SilkRoad Resources, aprivate equity firm. Ready Solar ostensibly supplies pre-assembled, allAC solar systems. McClintock remains on the Board. Ty Jagerson, former VP Corporate Development at SolFocushas left the firm to head to found Simple Energies, which developsintegrated renewable energy projects for large [...]
SolFocus Closes Round C With $30.6M
SolFocushas raised an additional $30.6 million to bring the total amount forthe C round to $77.6 million, the company said Thursday. The companysaid it had closed the first part of the funding in January this year. The Mountain View, Calif., startup said it would use the money totransition from pilot to commercial production of its [...]
SolFocus Opens New, Expanded Solar Glass Reflector Factory
SolFocus, a developer of concentrator photovoltaic systems, hasofficially completed its expanded solar glass reflector manufacturingfactory in Mesa, Ariz. The new facility provides an increase inmanufacturing floor space of over 175%, along with a new line ofmanufacturing equipment. The company says it will now have thecapacity to produce 2 million concentrating reflectors annually forover 30 MW [...]