NanoSolar gets $20 million cash infusion

Thin-film solar manufacturer Nanosolar Inc., San Jose, Calif., has an additional $20 million in funds to continue its expansion, thanks to a cash infusion by current investors Mohr Davidow Ventures and OnPoint Technologies, Inc., and new investor Aeris ...
Feb. 18, 2012
Thin-film solar manufacturer Nanosolar Inc., San Jose, Calif., has an additional $20 million in funds to continue its expansion, thanks to a cash infusion by current investors Mohr Davidow Ventures and OnPoint Technologies, Inc., and new investor Aeris Capital.

Nanosolar made headlines several years ago when it first announced its unique technology of printing CIGS (Copper, Indium, Gallium, Selenium) and nanoparticle inks onto flexible substrates and a blue-chip roster of investors, which includes high-profile investment companies and Google founders Larry Page and Sergey Brin. The company recently announced that Eugenia Corrales would be taking over at CEO for Geoff Tate, who retired after two years at the company. A company release said that for the past 18 months Corrales has managed all operations, as well as engineering, purchasing and planning.

Details

About the Author

Jim Lucy Blog

Chief Editor

Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.