Monday, June 7, 2010

Ultrathin-film solar start-up snags $41.5 million in funding

Solexant, a green tech startup that intends to raise the bar in efficiency for manufacturing ultrathin-film solar cells, has just closed a $41.5 million round of venture funding, including new player Olympus Capital Partners. Solexant’s value proposition is its manufacturing process, which it is piloting at its facility in San Jose, Calif. Its process is based on a roll-to-roll technique that was pioneered at Lawrence Berkeley National Laboratory. The company plans to “print” its first commercial solar cells on cadmium telluride nanocrystals. More>