Lund company, Sol Voltaics has received a capital injection from the Norwegian investment group Umoe, reports Sydsvenskan, making Umoe the new major shareholder. Along with an investment from the Swedish Energy Agency last summer, in total Sol Voltaics has brought in around €11.6M (just over 100 million SEK) completing the company’s equity round this year.
“With this closing we now have the resources to take the company to pilot production. Together with strategic partners, we plan to demonstrate Wave Concentrated Photovoltaics using large quantities of nanowires on commercially viable solar cells.” said David Epstein, CEO, Sol Voltaics in their press release.
The company has developed away to produce nanowires for cheaper production of solar cells. The funds will be used to bring a high efficiency photovoltaic ink, Solink, to next stage of development. Commercial production of the Solink-enhanced modules will begin in 2015 and move into volume production in 2016. Read the full press release from Sol Voltaics here.