Start-up raises $35 million for concentrating photovoltaic system that uses lenses to concentrate sun 1,300 times onto high-efficiency solar cells.
Concentrating-solar company GreenVolts is one of a few solar start-ups that has shifted strategies to sell equipment rather than develop renewable energy projects.
More money pours into companies that can concentrate sunlight.
Running the numbers on the reported solar-powered Prius; GreenVolts eyes more cash; a clean-tech fund from a steel manufacturer; U.S. policy halts solar investments; debate over enough energy innovations; solar-power streetlights in Baghdad.
Judges of the "start-up in a box" prize for fledging green-tech companies will narrow the finalists down to six winners by November.
Who wield the power of 625 suns? PG&E.
Put down the Wii, gentlemen. This is a board meeting.
Winning proposals in this year's green tech start-up funding competition offered low-cost options for consumers.
The race is on to construct power plants using solar thermal technology in the southwest U.S. and Spain.
The European market is hot, so the solar technology company plans to expand there.