SoloPower

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SoloPower
Type Private
Industry Solar Energy
Founded 2005
Headquarters San Jose, California, U.S.
Key people Tim Harris (CEO)
Ryan Benton (CFO)
Products Solar panels
Website solopower.com

SoloPower is a solar energy company developing and manufacturing Copper indium gallium selenide (CIGS) Thin-film flexible Photo-voltaic Solar Panels. The company uses a special electroplating technology to utilize nearly 100% of its materials.[1]

SoloPower is based in San Jose, California, and has achieved the distinction of being the first company to obtain UL Certification of CIGS flexible solar panels in 2010.[2] This was lauded as a significant achievement by California Governor Arnold Schwarzenegger.[3] Later the same year, the company also received IEC Certification (IEC 61646 and 61730) of its flexible CIGS solar panels, again an industry first.[4] In March 2012, the company's modules set a world record aperture efficiency of 13.4% for flexible CIGS Solar Panels, as measured by NREL.[5]

Company history[edit]

SoloPower was founded by Bulent Basol and Homayoun Talieh in 2005.[6] The company started its pilot manufacturing line in December of the same year.[7]

In 2010, SoloPower held talks with the town of Wilsonville, Oregon to set up a manufacturing plant there. In 2011, the United States Department of Energy approved a $197 Million Loan Guarantee to the company, enabling a 400MW manufacturing plant in Oregon.[8] In May 2011, SoloPower decided to move the manufacturing facility to Portland instead.[9] In April, 2013, SoloPower announced plans to suspend operations at the Portland plant and gut the remaining workforce.[10]

SoloPower was announced a winner of the 2012 TiE50 award in the category of Clean Energy.[11][12]

Funding[edit]

The Norwegian firms Convexa Capital, Spencer Energy and Scatec have invested approximately $30 Million into SoloPower in 2007.[13] The United States Department of Energy has also funded the company.[14] In early 2011, the company received $13.5 Million from Crosslink Capital.[15] Lead investors in the company include Hudson Clean Energy Partners, Crosslink Capital, Convexa, and Firsthand.[16]

References[edit]

External links[edit]