23 Sep '11, 2pm

Startup NetCrystal Acquired by Solar Semiconductor: I might have been the first and only journalist to report

Startup NetCrystal Acquired by Solar Semiconductor: I might have been the first and only journalist to report

I might have been the first and only journalist to report on the founding of solar startup NetCrystal . So it seems fitting that I'm the first, and perhaps only, person to report on their "acquisition" by India-facing solar company, Solar Semiconductor. NetCrystal was founded in a different time. In the 2005 to 2008 time-frame venture firms were giddy in founding early stage solar firms, firms in most cases best left in the lab. But Wellington Partners, Siemens and X/Seed Capital saw fit to fund this firm with IP based on the work of Stanford University's Peter Peumans and helmed by a newcomer to solar, CEO Bala Padmakumar. NetCrystal had developed a MEMS-style solar technology that let photovoltaic silicon stretch and expand to cover large areas. NetCrystal’s CEO, claimed that the device’s efficiency would rival and exceed that of SunPower (~20%) while beating the price c...

Full article: http://www.greentechmedia.com/articles/read/netcrystal-ac...

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