Milpitas, California [RenewableEnergyAccess.com] NanoGram Corporation has announced that it has closed on a third equity round of $32 million to expand its solar technology and nanomaterials solutions businesses. The new funding will be used to accelerate development of NanoGram’s silicon solar technology.
According to a company press release, the application of NanoGram’s nanomaterials solution to the solar sector opens up a new area in the development of cost-effective solar technology.“NanoGram is an agile company creating new market opportunities by understanding the needs of our customers and partners,” said NanoGram president and CEO Kieran Drain. “Our expansion into the solar market and strong customer interest in our core nanomaterials solutions proves our technology has the potential to generate game-changing products. These new funds allow us to increase momentum.”