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April 14th, 2005
Israeli start-up company Orionsolar, a developer of solar energy photovoltaics, has received terms for a second round financing. $750,000 will be invested by the New York based investment group 21ventures.
Orionsolar has joined the race to build very low cost solar energy panels costing less than $1 per peak watt, equivalent to less than 8 cents per kWh. Orionsolar is avoiding silicon, which is very expensive to manufacture, and has chosen dye cell nanotechnology.
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