19 Sep '13, 3pm

Update: Sol Voltaics Adds Backers for Solar Panel Nanowire Tech

This latest round was led by Norwegian investment company Umoe which had earlier invested at "an incubation level," according to the company; it’s now one of the majority shareholder alongside Industrifonden, Nano Future Invest, and Foundation Asset Management. Also making a smaller private investment in this latest funding was Kent Janér, CEO of hedge fund Nektar Asset Management. New Sol Voltaics board members include Umoe's Thomas Moe Borsteth, and an independent director: Kang Sun, former CEO of JA Solar and current CEO of Amprius. A quick refresher: back in April the company unveiled its gallium-arsenide nanowire ink mix that promises to make solar panels up to 25 percent more efficient and more cost-effective. The end result: a tiny bit of the ink (1 gram covers an entire panel) can transform a 17 percent efficient module costing $0.60/W into a 22 percent efficient m...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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