Friday, September 17, 2010

Clean Tech Ventures: Three to watch in the Bay Area

Three promising clean tech firms received fresh infusions of capital from venture firms last week...   

Solazyme, leading producer of renewable oil and bioproducts from microalgae, announced that Unilever and Sir Richard Branson joined its Series D financing round as a strategic investors... 

Designer, manufacturer and marketer of silicon PV modules Solaria Corporation raised $65 million in round D financing, including $10 million in a growth loan facility. Solaria markets its products to solar system integrators, project developers and electric utilities and its “secret sauce” is a technology that essentially halves the requirement for silicone, still the most expensive ingredient in solar cells... 

Vertically integrated solar cell manufacturer Calisolar announced that it raised $10 million in new funding.  Calisolar is poised to profit tremendously from its technology that uses “dirty” (metallurgical grade) silicon for solar cells. “Dirty” (recycled) silicone is substantially less expensive than electronic grade silicon, which gives them a good leg up over competitors, in terms of pricing.
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