« Cuculus Funded To Turn DSL Providers Into Hotspot Enablers | Main | Applied Materials Buys Swiss Solar Wafer Tool Outfit for $475M »
June 29, 2007
QuantaSol Raises €2M For Solar Cell Tech
UK-based QuantaSol has raised €2M, according to this week's Tornado Insider newsletter. It mentions the two other deals we wrote about recently Heliatek (new materials for solar cells) and Solaire Direct (power generation plants ), and sees them as evidence of a continued interest in solar cells by investors, pointing out all three companies were founded in 2006.
QuantaSol aims for higher efficiency output using GaAs wafers under optical concentrators. The Cleantech Investing Cleantech Investing blog says:
This type of PV [photovoltaic] cell is most appropriate for use in concentrator-based solar power systems.Its backers according to the report are Imperial Innovations, Low Carbon Accelerator, NetScientific and Numis Corporation.
There was another recent investment in high efficiency photovoltaics targeting the same market segment, namely Concentrix Solar out of Germany which raised capital from Good Energies, an investment vehicle that has an impressive track record in backing photovoltaic companies, mainly in Europe.
Read - Industrial Strength Solar (a:c euro)
Posted on June 29, 2007 05:03 PM | Posted to News And Updates | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/5269
