Alternative Energy - Wednesday, February 6, 2008
$50M For Utility-scale Solar System Suniva
There are any number of solar companies that want to sell to green-powered home owners and even some businesses. But utility scale solar is a different beast and we haven't seen too many startups chasing this dream.
Silicon wafer solar cell developer and manufacturer Suniva, which was spun out of the Georgia Institute of Technology's University Center for Excellence in Photovoltaics, has gone big-time with a $50M round. The 2nd round was co–led by returning investor, New Enterprise Associates, and Advanced Equities. Goldman Sachs joined the round via its subsidiary Cogentrix Energy. Also back were HIG Ventures and Quercus Investments participated as well. The funds will be used for Suniva’s new manufacturing facility outside Atlanta.
The Atlanta plant is scheduled to start production in October and would employ about 100 this year and additional 100 next year. Suniva predicts $10M in revenue this year with profitability coming next year on $100M in sales. That's ambition.
View - site
Read - Venturebeat
More Recent Articles
AuctionDrop Bought By ECO International
Saturday July 19, 2008
Along with a lot of other people, we liked the AuctionDrop concept. It's eBay for the rest of us who don't want to wring our hands over getting the best prices for the junk in our garages. Instead you just load up your car and dump it at an AuctionD... Full Story
Delver Gains Further Funding For Social Search Engine
Saturday July 19, 2008
San Francisco-based Delver has raised $1.75M from Carmel Ventures as an add-on to its Series A funding. Carmel’s prior commitment was $2.25M. Delver launched in January its socially connected search engine, which uses public profiles from social n... Full Story
Categories
- Venture Capital (273)
- Advertising (361)
- Aircraft (14)
- Alternative Energy (198)
- ASP (38)
- Batteries (9)
- Biometrics (3)
- Communications (54)
- Digital Hollywood (16)
- Digital Home (32)
- eCommerce (385)
- Educational Software (19)
- eHealth (22)
- Email Software (5)
- Enterprise Software (224)
- Euro Ventures (80)
- File Sharing (21)
- Financial Software (24)
- Games (152)
- Hardware (42)
- Homeland Security (6)
- IMterviews (6)
- IPO (35)
- Jobs (40)
- Media (301)
- Nanotechnology (14)
- Networking (89)
- News & Updates (1384)
- Online (5)
- Peripherals (36)
- Photo Software (43)
- Publishing (7)
- RFID (3)
- Robots (15)
- Satellites (7)
- Search (185)
- Security (86)
- Semiconductors (66)
- Social Networking (370)
- Space (1)
- Sponsored Post (11)
- Storage (31)
- Tech stocks (18)
- Telecom Equipment (10)
- Video (201)
- Voice (63)
- Web 2.0 (100)
- Web Development (5)
- Where Are They Now (29)
- Wireless (344)
Post a comment