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Start-up raises $35 million for concentrating photovoltaic system that uses lenses to concentrate sun 1,300 times onto high-efficiency solar cells.
Cogentrix, which promises that at least 80 percent of components for its rotating concentrated solar project will be locally sourced, wins a DOE loan guarantee.
Intel Capital's latest clean-tech investment is its third within two months for companies specializing in photovoltaic solar materials.
In a big commitment to clean tech, Intel-funded SpectraWatt will manufacture solar cells for panel makers starting in the middle of next year.
Start-up teams with Goldman Sachs subsidiary on products that store up energy to help in times of peak electricity demand.