SolFocus Finds $25M
Palo Alto-based SolFocus, a company in the area of solar concentrators, has received $25M in funding. SolFocus said the funding was part of a $32M Series A equity financing led by New Enterprise Associates. The round also includes participation by NGEN Partners and Yellowstone Capital. SolFocus said it would use the funds to accelerate large-scale reliability testing for its photovoltaic, solar concentrators. The firm's products are based on research from the Palo Alto Research Center.
posted on Tuesday, July 25, 2006 (Link to more information)
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