Solar start-up CaliSolar has raised a total of $102 million to go ahead with plans to manufacture solar cells from upgraded metallurgical silicon, according to a report.
Citing a regulatory filing, PEHub reported that CaliSolar has raised almost $52 million in a series B preferred stock funding and $50 million in convertible securities.
Hudson Clean Energy Partners, a private equity firm focused on scaling up energy technology firms, led the funding, according to the report.
CaliSolar, based in Sunnyvale, Calif., is seeking to commercialize a technology originally conceived at the University of California at Berkeley to process so-called metallurgical-grade silicon. … Read more