Hewlett-Packard is licensing flat-panel display technology to a start-up that could lead to dramatically more productive--and aesthetically pleasing--solar panels.
The deal, announced Wednesday, allows Livermore, Calif.-based Xtreme Energetics to use HP-developed transparent transistors to bend light in concentrating photovoltaic, or CPV, solar arrays. CPV systems squeeze more electricity from panels by maximizing the light that hits solar cells.
The company is in the process of raising an "imminent" $5 million series A round of venture funding, and it anticipates a series B $35 million round, CEO Colin Williams said.
It intends to have a first-generation solar array … Read more