Now that solar startup Solyndra has come out into the sun, we’re slowly getting more details on the company’s technology and business. Today Solyndra announced that it has signed a sales deal with German solar integrator GeckoLogic GmbH valued at $250 million. This deal is part of the $1.2 billion in contracts Solyndra unveiled in its coming out announcement. The other two customers include Phoenix Solar, another German solar integrator, and Solar Power Inc., a U.S.-based solar manufacturer and integrator. Final delivery to GeckoLogic will happen by 2012.
The company says it’s already delivering product and is focused in the short-term of ramping up production. Solyndra currently operates a fabrication line at its headquarters in Fremont, Calif., and has a new manufacturing facility planned in nearby Milpitas. That site is currently undergoing environmental review. The 300,000-square-foot Fremont facility has a production capacity of 110 megawatts and, when completed, the Milpitas plant will add 420 megawatts of capacity. Check out this video to see Solyndra’s automated fabrication.
Solyndra’s special sauce is in its unique panel design. A photovoltaic copper indium gallium selenide (CIGS) compound is wrapped around a series of tubes until they resemble a row of black, fluorescent lights. Each module is curved to catch the maximum amount of light from any direction, so the panels don’t need to be carefully angled and laboriously secured like traditional PV panels. The company just came out of stealth two weeks ago but was founded three years ago. Solyndra says it has already raised more than $600 million from investors like Redpoint Ventures, RockPort Capital, Argonaut, CMEA Ventures, U.S. Venture Partners, the Walton family fund, Madrone Capital, Abu Dubai’s MASDAR and Richard Branson’s Virgin Green Fund.