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24 May 2017

Siva Power completes $25m funding round

Copper indium gallium diselenide (CIGS) thin-film solar module developer Siva Power of San Clara, CA, USA has completed a $25m funding round focused on building out its pilot line and developing its solar module business. Jim Simons and Mark Heising led the investment with help from Jonathan Sheets.

Siva Power says that it continues to make steady progress developing its high-performance, low-cost module technology at its development facility in Santa Clara, CA.

“We are very pleased by the confidence that our investors have placed in our technical team and business model,” comments CEO Bruce Sohn.

See related items:

Siva Power recruits former First Solar and Intel veteran Bruce Sohn as vice-chairman

Siva Power wins $3m SunShot grant from US DOE

CIGS PV firm Siva Power achieves 18.8% efficiency in 10 months

Solexant rebrands as Siva Power, refocusing on Gigawatt-scale CIGS PV production

Tags: CIGS

Visit:  www.sivapower.com

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