Swedish thin film solar manufacturer startup Midsummer is taking a cue from optical disc manufacturing for its solar panels, but is facing a difficult solar market. Read more »
Once hot thin film solar startup Nanosolar has done a round of layoffs — which could be substantial — following a major down round last year. So goes the trend of the once promising next-gen solar panel maker startups. Read more »
The pain of the down round. According to DowJones VentureWire, Nanosolar closed its most funding at a pre-money valuation of $50 million, which was a massive drop from a valuation of over $2 billion years earlier. Read more »
Thin film solar company Nanosolar announced on Friday that it has raised $70 million, a round which includes the previously announced $20 million. Overall Nanosolar has taken in at least $450 million since its start in 2002. Read more »
Solar Frontier, the largest manufacturer of copper-indium-gallium-selenide (CIGS) solar panels, announced Wednesday that it’s shipped 13.2MW to NRG Solar, which is evolving from being a buyer of solar power projects to a developer. Read more »
The solar industry has begun 2012 with some trepidation, with many on the warpath to cut costs and reduce output. These moves give the market a chance to reduce inventories and get production more in sync with demand. But recovery will likely come slowly. Read more at GigaOM Pro »
Markus Beck, the former head of First Solar’s now shuttered next-gen solar tech project, is looking to keep his dream alive and develop a new process to make thin film solar panels. Given the state of the market, it could be a tough play. Read more »
Nanosolar, which has struggled for years to fulfill its promise as the next major thin-film solar manufacturer, announced Thursday it has a new CEO. Eugenia Corrales, who has been the startup’s head of engineering and operations, is taking over the chief executive post effective immediately. Read more »
If you follow solar news, chances are you’ve heard of Dow’s solar shingles — a more aesthetic way to put panels on rooftops. Well, according to the founder and CEO of thin film solar startup NuvoSun, Dave Pearce, NuvoSun is the latest producer of Dow’s solar shingles Read more »
While so many startups in the U.S. and Germany have been trying to build commercial-scale businesses off of making solar panels made of copper-indium-gallium-selenide (CIGS), really only one is making strides at any kind of scale: Japan’s Solar Frontier. Read more »
First Solar has broken its own record. The company announced Tuesday that it’s able to produce a thin-film solar panel that can convert 14.4 percent of the sunlight that hits it into electricity. The new record exceeds the 13.4 percent it achieved last year. Read more »
Thin film solar startup SoloPower continues to fund-raise, amid a difficult market for next-gen solar manufacturers. According to a filing, SoloPower has just raised $20 million in debt and options that will help provide fuel for the company’s factory to mass-produce its solar panels. Read more »
When PayPal went public in 2002, then executive vice president Reid Hoffman, spent some of his winnings on investing in an early round of Silicon Valley’s first solar thin film startup Nanosolar. Will the investment ever pay off? Read more »
Sometimes tech trends end up disrupting huge industries, like when the idea of Skype and free web calls, collided with the phone companies. However, sometimes tech ideas have all the makings of these kind of disruptions but ultimately end up flaming out. Here’s why: Read more »
What can you do when profits are hard to come by and your targeted market hasn’t taken off? For Ascent Solar Technologies, that means selling a stake of the company and licensing its technology to a Chinese conglomerate. Read more »
SoloPower, which has gotten a federal loan guarantee offer to build a solar panel factory in Oregon, is now aiming for a close to $44 million equity round and has so far lined up about $15 million, according to a filing Wednesday. Read more »
While many of the next-gen thin film solar companies are in a make-or-break stage of ramping up to high volume production, a good deal of these companies don’t seem to have much trouble finding customers. Nanosolar says its scored a 1 GW deal with European utilities. Read more »
![MiaSole_0876[1]](http://gigaom2.files.wordpress.com/2010/09/miasole_08761-e1285007255128.jpg?w=210&h=140&crop=1)
2011 will be a make or break year for many of the next-generation of thin film solar startups that are using the material copper-indium-gallium-selenide (CIGS) to make solar cells. Close to a dozen companies are aiming to either ramp up, or move into, production. Read more »
Venture capitalists have been bemoaning the challenges of investing in solar hardware makers, but some haven’t given up. Sulfurcell, for one, announced Monday that it’s gotten €18.8 million ($25 million) from investors such as Intel Capital to market its second-generation thin films. Read more »
Greentech marked its best year ever in 2010, and part of that is thanks to the wealth of activity across sectors during the fourth quarter. Global investment in clean energy surged, and while wind power remained the biggest greentech area, solar power saw the fastest growth. The energy efficiency sector appears to have more room for smaller players to make their mark amidst a rapidly maturing market. Meanwhile, China’s stance as a growing greentech giant continued to complicate its relationship with the United States. Companies mentioned in this report include General Electric, Intel, ZigBee, iControl, People Power and EnerNOC. For a full list of companies, and to read the full report, sign up for a free trial. Read more at GigaOM Pro »
Solar panel startup Stion plans to build a 500MW factory, potentially raise between $100 million to $150 million in an IPO in 2012, and fulfill at least 500MW of sales contracts, CEO Chet Farris tells us. Read more »
The greentech industry’s 2010 showing wasn’t so bad, especially for a year that saw the world recovering from a once-in-a-generation economic meltdown. But despite this, venture capitalists won’t be investing in the sector like they used to, solar startups won’t see a great growth year in ... Read more at GigaOM Pro »
The world’s greentech industry is likely meeting the end of 2010 with a mix of relief and trepidation. Clouds are on the horizon for global investment in renewable energy, and VCs fret about realizing returns on their existing investments. Meanwhile, China boasts the world’s largest population ... Read more at GigaOM Pro »
This morning the industry darling announced that it will boost capacity to a whopping 2.7 GW by 2012, by building two new factories, one in the U.S. and one in Vietnam. That’s double its current annual production of 1.4 GW. Read more »
After 8 years, hundreds of millions of dollars raised, and a colorful CEO who made a lot of claims, Nanosolar is finally revealing its cell production plans: expand a 50 MW line to 115 MW by 2011, and 1 GW within 4 to 5 years. Read more »
When Walmart decides to invest in emerging green technologies it offers considerable validation. That’s certainly the intention behind Walmart’s announcement that it will pay for solar electricity from installations that use thin film solar panels from MiaSole and First Solar and are installed by SolarCity. Read more »
Picking winners and losers is always a dicey exercise, but Lux Research took that plunge and issued a report this week, which points to likely revenue winners and IPO candidates over the coming year. The names that popped out include Amonix, Enphase Energy and Abound Solar. Read more »
UPDATE: As it turns out, Juwi Solar really likes MiaSole. The German power project developer has inked a multiyear, 600-megawatt agreement that calls for MiaSole to ship 50 megawatts in 2011 and more in the following years. Read more »
Western Digital is introducing a new powerline home networking adapter today that’s specifically pitched as a way to get video into the living room. The WD Livewire Powerline AV Network Kit could be a good fit for people with Internet-ready TVs and set-top boxes. Read more »
This year is shaping up to be a pretty good one for MiaSole, which began to disclose its customers earlier this year after spending roughly two years to get the manufacturing technology right. The Kleiner Perkins-backed company on Tuesday said it has a deal to supply Juwi with 8.5 megawatts of solar panels. Read more »
