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March 21, 2007
The Solar Cell Sector's Famous Founder You Haven't Heard Of
He's not as famous as those other Scandinavian founders Zennstrom and Friis, but Norway's Alf Bjorseth should be. He has created a company with a bigger valuation than Skype's and he's not finished yet.
Bjorseth is the scientist-turned-entrepreneur that rolled up the four solar cell production startups he had co-founded to create Renewable Energy Corp. REC Group's market cap today is €8.5B.
He made some serious money from the REC floatation a few years ago. Now some of that capital is being re-invested in Scatec AS, which backs renewable energy and materials companies, some with potentially disruptive tech.
And he's much in demand as a board member - he recently joined the board of Innovalight, Inc., a Silicon Valley startup developing silicon-ink based printed solar cells.
Scatec has made investments, along with VCs, in Norsun, a solar silicon producer active in Norway and France (through a JV), Isosilicon AS, a developer of a type of silicon that takes longer to heat, and n-tec a Norwegian nanotubes startup.
Innovalight is venture capital backed by ARCH Venture Partners, Apax Partners (a European firm that knows a thing or two about solar startups see link below), Harris & Harris Group, Inc., Sevin Rosen Funds and Triton Ventures.
REC Founder Joins Innovalight Board
(press rel)
Read - Apax Homerun On QCells (a:c euro)
Posted on March 21, 2007 07:07 AM | Posted to Cleantech | Permalink
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