Concentrated Solar Tech Receives Major Backing from Investors
April 21st, 2010 by 
U.S. investors have invested $129.4 million in a promising solar technology that uses plastic lenses to concentrate sunlight onto small but highly efficient solar cells.
The so-called multijunction cells, developed by California-based Amonix, generate more electricity than conventional photovoltaic panels and require fewer costly semiconducting materials, such as silicon.
The company has successfully tested the technology at small solar farms in Spain and the United States.While numerous companies are trying to capitalize on the growing solar market — and the desire for utilities to meet renewable energy targets — analysts say concentrated photovoltaic technology has a possible edge over other solar technologies because it is more efficient and requires less land for utility-scale projects.
Article appearing courtesy Yale Environment 360.
photo: Eleaf
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Tags:  concentrated solar investments photovoltaic silicon Solar solar farms Utilities Venture Capital | [ Permalink ] |
