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February 04, 2008
Germany's Odersun Raises $90M for Factory
Doughty Hanson Technology Ventures (DHTV) sent us the news this morning that portfolio company Odersun, a thin film solar cell venture, has raised some €61M (about $90M) in finance, including grants, to build its second factory.
A €40M Series B round, is included in that total.
(Image Credit: Odersun)
We checked in with DHTV and it confirmed that Odersun has "proven that it can manufacture in volume" these new thin-film solar cells and modules. The firm's first manufacturing factory is up-and-running and shipping product.
This new equity round was led by Virgin Green Fund (US/UK) with participation from PCG Clean Energy & Technology Fund (US) and AGF Private Equity (part of Allianz Group) in addition to existing investors DHTV and Advanced Technology & Materials (China).
Caption: Panels are flexible, which means its tech can be used as solar rechargers built- into shoulder bags, but also panels that can be integrated into building facades, and windows.
Odersun says it is using a “reel-to-reel” manufacturing process, which is proprietary to the firm. Its cells are based on Copper-Indium-diSulphide materials (as opposed to silicon which is more common) and their "efficiency is comparable to other thin-film technologies", said DHTV's spokesman.
Greentech Media has a photo of its flexible copper-substrate panel if you are curious.
View Odersun
Posted on February 4, 2008 07:58 AM | Posted to News And Updates | Permalink
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