$150M total raise so far — impressive.
SolFocus, the most heavily-funded concentrating solar startup around, has just drawn a bit further ahead of the pack with $47.5 million in fresh capital. With the money, the company has edged near $150 million in total funding, and with luck, widespread installation of a currently rare type of solar panel.
In the concentrating photovoltaic (CPV) arrays of SolFocus and similar companies, a tiny, highly-efficient solar cell becomes the focus of sunlight intensified many times over by lenses and mirrors. The technology’s creators claim it’s a better, cheaper way to harvest solar energy than a regular solar panel. But in the eyes of the energy industry, it’s still a young, unproven technology.
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