Applied Quantum looks for $20M for thin-film solar
Applied Quantum Technology, maker of equipment to produce copper-indium-gallium diselenide thin-film solar cells, told Dow Jones Venturewire that it’s looking to raise a $20 million second round of funding to churn out a much cheaper product than its competitors. The Santa Clara, Calif.-based company says its cells are also improving in efficiency from 10 percent to about 14 percent.
The company previously took funding from STPV Holdings.
Next Story: ASSIA takes $10M to manage, speed DSL service
Previous Story: GlobalFoundries chairman Hector Ruiz steps down after insider trading allegations
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.
-
evisu jeans