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Summary:

Is Nanosolar worth a whopping $2 billion? Nanosolar seems to think so, at least according to a rumor being reported by CNet. The article quotes sources saying Nanosolar is valuing itself in the $2 billion-range as they shop for more funding. We contacted the company and […]

nanoIs Nanosolar worth a whopping $2 billion? Nanosolar seems to think so, at least according to a rumor being reported by CNet. The article quotes sources saying Nanosolar is valuing itself in the $2 billion-range as they shop for more funding. We contacted the company and they refused comment.

While we’re all for shameless self-promotion, we have to wonder about that valuation. Nanosolar only started selling product last December.

So what has Nanosolar got that’s worth so much? In intellectual capital, Nanosolar has a portfolio of over 180 patents in development, according to CrunchBase. In 2004 the company acquired the complete intellectual portfolio of Unisun Corp., which had filed for some of the earliest patents in printed CIGS technology.

In terms of funding, the company, founded in 2002, has raised over $100 million in capital from Sand Hill Road heavyweights like Mohr Davidow Ventures and Benchmark Capital, as well as the Google guys Larry Page and Sergey Brin. And the company won a $20 million grant from the Department of Energy as part of the Solar America Initiative.

On the facilities side, Nanosolar is working on a solar manufacturing plant in a 140,000 square-foot space previously in San Jose that used to be occupied by Cisco Systems. And according to its web site, Nanosolar has an additional 500,000 square feet of manufacturing space outside of Berlin.

So do all of these assets add up to a $2 billion valuation? Combined with the promise of making solar electricity “cost-efficient for ubiquitous deployment, mass-produced on a global scale [and] available in many versatile forms.” the answer is a definite…maybe?

So who will be the first billion-dollar biofuel startup? Or billion-dollar electric vehicle startup? Speculate in the comments below.

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  1. Are you kidding me? RE<C! If they deliver what they promise, they should be worth 20 billion! No, 200 billion!

    If Facebook can be valued at 15 billion, whats wrong with a 2 billion dollar valuation which is going to solve all the problems of the world.

  2. ► Nanosolar ultime news per il film fotovoltaico sottile. Secondo alcune fonti Nanosolar sta rilanciando una nuova campagna fondi per 2 miliardi di $. Cosa bolle in pentola? | Wednesday, March 19, 2008

    [...] Earth2Tech [...]

  3. |.::Giardini Verticali: Nuova sfida per Patrick Blanc al Caixa Forum di Madrid. Il concetto di Giardino Verticale: tendenza, moda o necessità per un nuova architettura sostenibile?::.|Muro verde,parete verde,giardino verticale,verde verticale | Thursday, March 20, 2008

    [...] Earth2Tech [...]

  4. Green energy is definitely the best solution in most cases. Technology like solar energy, wind power, fuel cells, zaps electric vehicles, EV hybrids, etc have come so far recently. Green energy even costs way less than oil and gas in many cases.

  5. Nanosolar Raises $50M More, Secures French Buyer « Earth2Tech Wednesday, April 2, 2008

    [...] was a rumor that Nanosolar had been looking to raise some additional funds and was touting a post-money valuation of $2 billion. The solar firm was founded in 2002 and raised over $100 million in capital (before this round) [...]

  6. What are the efficiencies of thier films/panels/products? (11% or 20%)
    How long they will last? (1year or 30years)
    What are the efficiency degradation rates of their products? (Do they start off at 20% and then drop down to 10% after afew years?)

    I love green tech /power but we wont know how good their technology is until Nanosolar answer these questions.
    Until we have this information any investment in Nanosolar is a speculative gamble.

  7. The World’s First Billion Dollar Home Sucks! How Would You Spend It? | TIM – Timothy Sykes Sunday, May 4, 2008

    [...] bring in just over $500 mil in revenue each year. Or maybe take on a new industry by buying hot hot hot company Nanosolar. Then again, I guess a badass house is better than just throwing $2 billion away as Merrill Lynch [...]

  8. roger mclane Monday, May 5, 2008

    NSPH. Not making money yet but take a look at their patents/potential.

  9. gees god ecoturds are a pain in the hemoroids. You people need to watch South Park more. If you had you would know that being an activist is totally gay. Until all this vapor ware comes out we need to drill drill drill anywhere we think there is oil. When the problems are solved then we can drill some more because it will take 8 years minimum to deploy them widely enough to actually make a dent!

  10. It’s not worth $2 Billion, my guess is that it’s worth $2 trillion. They claim that they are cost competitive with coal in generating electricity. Exxon is worth close to $300 billion, and they are just one oil company. If nanosolar is correct, they’re worth more than all oil companies market value combined. Energy this cheap means each house on the planet has $10,000 worth of solar panels that runs the house and their plug in electric cars, forever or at least the next billion years until the sun goes out. The big boys wouldn’t be investing at $2 B value if they weren’t planning on hitting a home run! The IPO will be an amazing event.

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