Solar Firm Ampulse Raises $8M in Series A Funding

Nov 4 2009 | 6:39pm ET

Ampulse Corporation, a developer of thin-film PV technology, has raised $8 million in a Series A funding round co-led by Globespan Capital Partners and El Dorado Ventures, with the participation of existing investors Battelle Ventures and its affiliate fund, Innovation Valley Partners.

As a result of the funding round, Daniel Leff of Globespan and Jeff Hinck of El Dorado Ventures have been appointed to Ampulse’s board of directors.

“The commitment from our new venture partners provides us the support that will help us bring our innovative c-Si thin-film technology to market,” said Steve Hane, president and chief executive officer of Ampulse. “Through our research partnerships with the National Renewable Energy Laboratory (NREL) and the Oak Ridge National Laboratory (ORNL), Ampulse’s next-generation c-Si thin-film technology will deliver a highly efficient and flexible form factor thin-film solution with the lowest total system cost to address the needs of our customers.”

Ampulse’s ‘film-silicon’ PV technology optimizes crystalline silicon energy conversion efficiency while lowering manufacturing costs for existing silicon based technologies. The company uses hot-wire chemical vapor deposition techniques to place a thin layer of crystalline silicon onto a flexible metallic substrate.

The result, according to Ampulse, is lower-cost, high throughput fabrication of high-efficiency flexible cells using traditional PV equipment. Ampulse says its technology, compared to existing silicon PV technologies. doubles module efficiency, reduces costs 75%, and reduces layer thickness by a factor of 60.


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