Innovalight raises US $18M to expand silicon ink manufacturing

Innovalight Inc. has raised $18 million in additional capital. This new round of capital will be used to expand the company’s proprietary silicon ink production for customers.

[From RenewableEnergyWorld.com]

January 11, 2010Innovalight Inc. has raised $18 million in additional capital, which will be used to expand the company’s proprietary silicon ink production for customers.

The company has a development roadmap to ultimately bring conversion efficiencies of solar cells over 20% with their platform silicon ink and processing technologies.

Innovalight claims that its proprietary nanotechnology-based silicon ink and processing technologies allow crystalline silicon solar cell manufacturers to boost output capacity, solar cell performance, as well as reduce costs with a simplified additional step to already installed manufacturing lines.

Innovalight recently announced a record 18% conversion efficiency with their silicon ink solar cell platform. The industry standard size solar cell results were independently certified by two of the world’s recognized solar cell testing centers–the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and the Fraunhofer Institute for Solar Energy Systems (ISE) in Germany.

The company has a development road map to ultimately bring conversion efficiencies of solar cells over 20% with their platform silicon ink and processing technologies.

This series D financing was led by EDB Investments (EDBI) of Singapore.

No posts to display