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Concentrated solar attracts big-name investors
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Written by Daniel   
Wednesday, 21 April 2010 18:41

From C/Net News

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 regular PVs, is believed to offer more efficiency in terms of electricity and the amount of land or space needed to use them.

Amonix makes large-scale systems that would be sold to and used by utilities.

It's not a new technology per say, but one that's become perfected to reach scalability and attract the kind of investment needed to spur its popularity in the market. Amonix, in particular, claims to have gotten costs down by using less-expensive Fresnel lenses for amplifying sunlight and concentrating that onto its solar cells.

 

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