Xunlight brings up USD 22M for thin-film solar mental faculties

Who expressed academic egg-heads can’t trade compelling concern plans? Xunlight, a developer of inexpensive, flexile thin-film silicon solar modules, has crested off a USD 22 000 000 second round of backing, took by Trident CapitalEmerald Engineering Ventures and NGP Free energy Engineering Partners

Emerald Engineering Ventures guided the first USD 7 000 000 round last twelvemonth, that enabled Xunlight to construct a roll-to-roll pilot production installation. The company was set up as a product from the University of Toledo, its academic partner, and commercialised its flexile solar mental faculty technology with help from Ohio’s One Frontier Jut

Return from the second round will be upon to make commercial-scale installations for the production of its lightweight thin film PV modules. It renamed its commercial entity Xunlight 26 Solar (X26).

Xunming Deng, the company’s founder and Chief executive officer, set the cosmos record for efficiency of single-junction formless silicon (a-Si) based solar cells, the inexpensive sort of silicon solar cells: 10.4%. Xunlight as well brings forth triple-junction solar cells, that are dearly but have higher efficiencies. Its PV modules, that are got with flexile lamination, can be involute during transport. They come up in a compass of end product sizes: 7.5W, 20W, 100W or 200W.

co:Emerald Engineering Venturesco:Xunlightdealinv:NGP Free energy Engineering Partnersinv:Trident-Capital

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