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Article: Leader Ventures and Silicon Valley Bank Provide $5 Million to Inkjet Solar Cell Manufacturer, Innovalight.
- Article from:
- PR Newswire
- Article date:
- October 14, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MENLO PARK, Calif., Oct. 14 /PRNewswire/ -- Leader Ventures, an investment firm offering blended debt and equity financing, and Silicon Valley Bank announced today that they have provided $5 million of financing to Innovalight, a developer of silicon-ink based solar cells and modules.
Compared to solar modules in the market today, Innovalight has developed a proprietary technology that utilizes liquid processing of silicon to produce high-efficiency solar cells as well as substantially reducing the manufacturing costs of solar panels.
"Innovalight pushes the envelope in the solar power industry with its proprietary technology," said Brian Best, managing ...