SolFocus has now raised a total of $63.6 million in series B funding to move into production of its solar power plants.
An extra $11.6 million in funding, announced Tuesday, complements the $52 million in series B funding the company announced in September. Altogether, the company has raised $95 million in venture capital.
SolFocus, which was spun out of Palo Alto Research Center (PARC) is perhaps the most high-profile company to pursue solar concentrators, where mirrors and lenses magnify light in order to squeeze more electricity from very efficient solar cells.
These solar installations--usually ground-mounted machines, are typically … Read more