The concentrated photovoltaics industry got another nod of confidence Wednesday.
Amonix, a CPV manufacturer, announced it has raised $129.4 million in Series B funding, with Kleiner Perkins named the lead investor. The Seal Beach, Calif.-based company said it will use the funds to expand manufacturing in an effort to get its CPVs out the door more quickly.
Concentrated photovoltaic (CPV) solar systems differ from regular solar panels in that they use lenses or mirrors to concentrate sunlight on solar cells to maximize the amount of electricity you can generate from solar rays. The technology, while more expensive than … Read more