Practical Instruments Gains $8 M for CPV Panels

Pasadena, California [RenewableEnergyAccess.com] To fund Practical Instruments’ production of Heliotube, the company has closed a $8M Series A funding round, led by RockPort Capital Partners and Nth Power, including other investments. To enable concentrating photovoltaic (CPV) for the rooftop, Heliotube, which integrates its low-profile tracking technology into the standard flat panel form factor, reduces installation time, materials, and costs and uses 88% less photovoltaic material. The company has eight patents pending.
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