среда, 13 сентября 2017 г.

Sol Voltaics raise €19 million for their technology that enables cheaper solar panels

SME Instrument innovator Sol Voltaics has closed a record funding round of nearly €19 million, the largest finance raise for a European solar technology company since 2015. The financing will be used to bring its highly anticipated solar efficiency boosting technology, SolFilm™ on the market, which promises to increase conventional solar panel efficiencies by up to 50%.

SolFilm, a patented, low cost thin-film which is comprised of billions of highly efficient Gallium Arsenide (GaAs) nanowires, enables solar panel manufacturers to reach efficiencies of up to 27% when integrated as a tandem-junction module. Having recently confirmed the successful manufacture of nanowires using their low-cost process Aerotaxy®, Sol Voltaics is now in the final stages of technology optimization, with anticipated samples of its SolFilm being sent to partners by the end of 2018.
“This latest round of finance gives us the critical capital required to commercialize our efficiency boosting technology for the solar market,” said Erik Smith, Sol Voltaics CEO. “Having achieved our final major technology milestone with Aerotaxy earlier this year, we are now fully focused on reaching mass production of SolFilm. I’d like to thank our investors, both existing and new, for backing our vision and helping bring this revolutionary technology to the mass market.”
The company raised €14 million in a funding round in 2016. Sol Voltaics also received an SME Instrument Phase 2 grant of €2.48 million in February 2016.

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