FTL Solar raises $250,000 for thin-film solar
FTL Solar, a New York-based maker of thin-film solar cells, has secured $250,000 from the New York State Energy Research and Development Authority (NYSERDA). In total, the company has received over $450,000 in funding from NYSERDA for R&D efforts.
The well-capitalized firm, which recently closed its first round of funding, develops a variety of solar modules and systems, including its proprietary solar “pavilions,” for commercial and military use.
Its devices are scalable, durable and, most important, easy to set up and use, which makes them very practical for field work. They can be used to charge anything from small villages and homes to laptops and other gadgets.
The company is en route to raising over $50 million and expects to complete a “substantial” second round of funding by the end of the fourth quarter.
Next Story: Visual search engine Like.com blasts ahead — raises double digit millions
Previous Story: Business social network PartnerUp acquired by Deluxe Corp.
About the Author, Jeremy Jacquot
Jeremy Jacquot is a doctoral student at the University of Southern California who is studying watershed management and global biogeochemical cycling. He previously studied marine biology at UCLA where he earned his B.S. in 2005; he is the Los Angeles correspondent for TreeHugger, where he focuses on science/technology and business news.