UK PV Concentrators Land Venture Funding

June 9, 2004 [] U.K. Solar concentrator manufacturer Whitfield Solar Ltd received its first boost of venture capital from the Cascade Fund. The company’s CEO, Clive Weatherby said the funding represents a major milestone for the company, allowing it to develop and manufacture the concentrating photovoltaic (PV) systems that have been the focus of research by George Whitfield and his team at The University of Reading for the last decade. Weatherby added that the current availability of highly-efficient but cost-effective cells combined with low-cost optical elements gives the company a realistic chance to halve the current cost of clean solar electricity generation.
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