Morgan Solar has brought on Canadian oil and gas distributor Enbridge as an investor to commercialize its concentrating-photovoltaic panels.
The Toronto-based company today said that Enbridge has invested $9.8 million as part of a $28.8 million round of funding.
Enbridge's primary business is oil and gas distribution but it has invested in a few solar energy projects that use traditional flat photovoltaic panels. Morgan Solar is the first solar technology it has invested in.
The money will be used to expand manufacturing capacity of Morgan Solar's concentrating-photovoltaic modules and trackers.
The company's core technology is … Read more