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April 7th, 2010
AQT tweaks hard-drive machinery for cheaper solar
Abstract:
Silicon Valley entrepreneurs and venture capitalist last decade tried to take the solar industry by storm with cheap thin-film solar. But after billions of dollars invested, many start-ups are struggling to commercialize their technology.
Advanced Quantum Technology is yet another thin-film upstart that is betting on the same core solar technology--cells made from a combination of copper, indium, selenium, and selenide (CIGS)--but is taking a different approach.
The Santa Clara, Calif.-based company on Wednesday announced that it has raised $10 million from STPV Holdings, its series A funder, and an undisclosed investor. It also said it has a partnership with Intevac, which produces machinery to fabricate computer hard drives and other high-volume electronics.
Source:
cnet.com
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