tenKsolar Receives Funding From Hanwha, ESB Novusmodus

Posted by SI Staff on April 25, 2012 No Comments
Categories : New & Noteworthy

tenKsolar, a Minneapolis-based provider of commercial rooftop PV systems, has closed a $15.5 million financing round led by Hanwha and U.K.-based ESB Novusmodus.

Hanwha owns a controlling stake in Hanwha SolarOne, a vertically integrated solar provider. ESB Novusmodus is a cleantech fund backed by Irish state utility ESB.

According to Dallas Meyer, founder, president and chief technology officer of tenKsolar, the new partnerships provide the company with a ‘strategic investor base’ that will alow it to increase its global presence.

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