Despite the fact that solar panels are quickly becoming a commodity — cheap and uniform — it looks like investors are still willing to put a small amount of funding into the next-generation of solar equipment.
Once upon a time, concentrating photovoltaic (CPV) technology received ridicule for its design and promise to deliver cheaper electricity. But CPV is now attracting new entrants such as SunPower, the long-time maker of traditional solar panels that on Tuesday launched a CPV system.
Can solar concentrating photovoltaic technology ever become mainstream? There’s a new project that shows it can: Tenaska Solar Ventures will build a 150 MW of CPV systems that will produce electricity for San Diego Gas & Electric. The largest CPV installation to date is 1 MW.
Morgan Solar, a concentrating photovoltaic (CPV) startup, is raising a B round of $20-25 million and hopes to complete the fundraising by as early as April, Nicolas Morgan, vice president of business development at the company, told us.
Solaria, whose technology uses lenses to concentrate sunlight onto solar cells in order to boost electricity generation, said Wednesday it has raised an additional $20 million for its previously announced Series D round of financing.
A Kleiner Perkins-backed startup is supplying the gear for the largest solar farm in the world that will use concentrating photovoltaics — a hybrid tech that uses solar cells and solar thermal tech.
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SolFocus, a startup that designs and builds solar concentrating photovoltaic systems, says this morning that it has completed the first 200-kilowatt phase…