$7 Million for Solar Company

Posted by SI Staff on July 12, 2007 No Comments
Categories : FYI

MWOE Solar Inc., Toledo, Ohio, has received $7 million in venture capital from two sources: the Swiss investment firm Emerald Technology Ventures and the Washington, D.C.-based NPG Energy Technology Partners. According to a report in the Toledo Blade, MWOE will use this cash infusion to expand its workforce from 18 to 40 and move into full production of solar cells by next year. The company was founded and is run by Xunming Deng, a physics professor at the University of Toledo.

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