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Innovalight inks $5M financing deal

Posted on October 14, 2008

Solar cell material developer Innovalight Inc. has added an extra $5 million to the $42 million it has already raised since the startup was founded in 2002.Innovalight is developing silicon ink-based printed solar cells. The company's technology utilizes liquid processing of silicon to produce higher-efficiency solar cells that can cost less than half the price of the solar modules in the market today. Traditional solar electrical generating cells use rigid crystalline silicon wafers that can be difficult to work with and expensive because of competing demand from the semiconductor industry....

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solar , solar cell