A major thin-film solar panel manufacturer, Stion Corp., recently announced that it had raised around $25 million to be used to increase the startup’s production level. The financing was led by Khosla Ventures and included nearly all of the company’s existing investors. “We may end up at the end … [continued]
Here’s some more cleantech news from around the interwebs from the past few days or so (enjoy!): Clean Energy (In General) Punjab’s New Energy Policy Aims For 10% Renewable Energy By 2020: “On Thursday, the Punjab government gave its nod to ‘New and Renewable Sources of energy (NRSE) Policy- … [continued]
Stion, a US company manufacturing high-efficiency, thin-film solar modules, today announced that it has achieved a new aperture efficiency record for fully certified, monolithically integrated CIGS, commercial modules (65 cm x 165 cm). The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) verified the 14.8% aperture efficiency (and 13.4% module efficiency). … [continued]
As emerging clean technology companies reach stages of growth that require enormous amounts of deployment capital, investment figures for 2011 reflect that market dynamic.
Last year, global corporate and venture capital investments in cleantech grew 13% over 2010, reaching almost $9 billion, according to preliminary figures released from the Cleantech Group. Most of those investments are going to companies that have already picked up one or more rounds of funding, with 85% of dollars flowing into Series B rounds or later.
The most stunning increase in activity last year was in mergers and acquisitions, which grew by 154% in 2011. Because it’s often more attractive for cleantech companies to merge with a mature corporate parent rather than go public, the amount of exits in M&A have shot up dramatically. […]
