GreenVolts is blasting the equivalent of 1,300 suns onto a solar cell to survive in the cut-throat solar industry
The Fremont, Calif.-based start-up today announced it has raised an additional $35 million and unveiled a redesigned large-scale solar array. The series D funding brought $20 million from industrial conglomerate ABB which will market GreenVolt's solar system to businesses and utilities.
The solar industry is undergoing a brutal price war driven by the rapidly falling price of conventional silicon solar panels. GreenVolts has designed a concentrating photovoltaic (CPV) system, where powerful Fresnel lenses focus light onto several super-efficient … Read more