SoloPower

SoloPower is an innovator of thin-film photovoltaic (PV) cells and modules. The SoloPower mission is to mass-produce PV modules for ubiquitous applications on a global scale at a cost that is 1) lower than the traditional wafer-based solar technologies, and 2) at parity with that of conventional power grid.

SoloPower is an innovator of thin-film photovoltaic (PV) cells and modules. The SoloPower mission is to mass-produce PV modules for ubiquitous applications on a global scale at a cost that is 1) lower than the traditional wafer-based solar technologies, and 2) at parity with that of conventional power grid. In fulfillment of this mission, SoloPower is manufacturing and commercializing a new generation of high-efficiency, low-cost Copper-Indium-Gallium-Selenide (CIGS) based devices to enable solar electricity generation at a cost that is competitive with traditional methods.

History

-June 2006: SoloPower raises Series A financing based upon success of initial R&D results. The financing was led by Crosslink Capital and Firsthand Capital Management.

-December 2006: SoloPower begins building its pilot manufacturing line.

-June 2007: SoloPower gets selected by the United States Department of Energy (DOE) to participate in the Solar America Initiative (SAI) Incubator Program.

-July 2007: SoloPower raises Series B financing led by Convexa Capital and Alf Bjørseth, co-founder of REC Group.

-October 2007: SoloPower negotiates a contract with the DOE and initiates work on the prestigious SAI Incubator Program.

-January 2008: SoloPower relocates to its new 109,000 sq. ft. state-of-the-art manufacturing facility in south San Jose and begins to ramp up its 20MW+ manufacturing plant.

-September 2008: SoloPower raises Series C financing led by Hudson Clean Energy Partners.