Asian Funding of US Solar Film Commercialisation Steps Up
Asian Funding of US Solar Film Commercialisation Steps Up
  • DonnaVitasovich
  • 승인 2010.07.01 12:38
  • 댓글 0
이 기사를 공유합니다

California solar startup Stion is poised to ramp up its production of thin-film solar cells after raising $70 million from a line of investors, reported local newspaper Mercury News.

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) provided the largest contribution to the funding round at $50 million. The company's other investors, which include Khosla Ventures, Braemar Energy Ventures and Lightspeed Venture Partners, also joined the funding round.
The round's proceeds will be used to upgrade Stion's manufacturing facility in San Jose, California which currently churns out 10 megawatts of thin-film photovoltaic panels yearly.

Following expansion, the company expects the San Jose plant to raise production to 100 MW each year, equal to roughly $200 million in annual company revenues.

Company executives were quoted as saying the expansion would create 500 direct and indirect jobs in the region between 2010 and 2011.

Stion's solar panels are delivered as a single unit and not as an assembly of individual solar cells. The company said this allows for streamlined, high-yield production and flexibility in product design.


Source: www.ecoseed.org  APEC-VC Korea

댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • #1206, 36-4 Yeouido-dong, Yeongdeungpo-gu, Seoul, Korea(Postal Code 07331)
  • 서울특별시 영등포구 여의도동 36-4 (국제금융로8길 34) / 오륜빌딩 1206호
  • URL: www.koreaittimes.com / m.koreaittimes.com. Editorial Div. 02-578-0434 / 010-2442-9446. Email: info@koreaittimes.com.
  • Publisher: Monica Younsoo Chung. Chief Editorial Writer: Kim Hyoung-joong. CEO: Lee Kap-soo. Editor: Jung Yeon-jin.
  • Juvenile Protection Manager: Yeon Choul-woong. IT Times Canada: Willow St. Vancouver BC, Canada / 070-7008-0005.
  • Copyright(C) Korea IT Times, Allrights reserved.
ND소프트