18 Jul '11, 8pm

Former First Solar CEO Starts VC Fund: Michael Ahearn, who stepped down as the First Solar CEO in 2009, has re...

Michael Ahearn, who stepped down as the First Solar CEO in 2009, has re-emerged. Ahearn is behind True North Venture Partners, which will invest in early stage energy, waste, water and food startups. While energy has garnered billions from VCs, those other sectors have somewhat lagged. The picture, however, has begun to change and recycling is shaping up to be a growth market. The world, meanwhile, is expected to endure rising food prices and chronic droughts in the future. The firm will put $100,000 to $25 million into companies. Ahearn was a co-founder of First Solar and served as CEO for years. The company's history stretches back almost 20 years. In the late 90s, however, First Solar had a breakthrough in coming up with a way to produce cadmium telluride solar cells. It began to manufacture them in 2002. The rest is history. It now makes the cheapest solar modules (und...

Full article: http://www.greentechmedia.com/articles/read/former-first-...

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