Xunlight Raises Funds For Thin-Film Solar Commercialization

Posted by SI Staff on April 25, 2008 No Comments
Categories : FYI

Xunlight Corp., a company developing flexible thin-film silicon solar modules, has raised $22 million in a Series B financing investment led by Trident Capital, with participation from Emerald Technology Ventures and NGP Energy Technology Partners. The proceeds will be used to build commercial manufacturing capacity.

Founded as a technology spin-off from the University of Toledo, Xunlight commercialized its technology with significant assistance from the state of Ohio's Third Frontier Project.

‘With its strong management team and technology base, as well as its connection with the University of Toledo, we expect Xunlight to become a global leader in the fast growing building integrated photovoltaic market,’ says Mark Iwanowski of Trident Capital.

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