Atlanta-based Suniva said on Tuesday that it has raised $50 million to commercialize its solar-cell technology, which it says will be as cheap as conventional electricity.
Investors are New Enterprise Associations and H.I.G. Ventures, according to the company's Web site.
Suniva has licensed technology from Georgia Tech's University Center of Excellence in Photovoltaics (UCEP) to make very thin solar cells--less than 100 microns.
Using monocrystalline silicon, it said it can improve the efficiency of cells to about 20 percent, which is the high range of traditional panels. SunPower has a panel with 22 percent efficiency.
Its … Read more