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March 1st, 2009
Faribault, Minn.-based SAGE Electrochromics has embarked on a $120 million expansion of its production line in order to satisfy demand for its smart windows and skylights that reduce energy use in buildings.
SAGE said this week it raised $20 million from return backers Good Energies, semiconductor equipment maker Applied Materials' venture capital arm Applied Ventures, and Belgian advanced materials and coatings maker Bekaert to further product development and international expansion (see Ethanol and building materials soak up the green).
"We're looking to really scale this rapidly, given the climate now focused on energy technology and energy efficiency," CEO John Van Dine told the Cleantech Group today.
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