Sol Voltaics raises $21.3 million to commercialize solar panel efficiency boosting technology

By Kelly Pickerel Solar technology pioneer Sol Voltaics has closed a record funding round of $21.3 million, the largest finance raise for a European solar technology company since 2015. The new finance will be used to accelerate commercialization of its highly anticipated solar efficiency boosting technology, SolFilm which promises to increase conventional solar panel efficiencies by up to 50%.
SolFilm, a patented, low cost thin-film which is comprised of billions of highly efficient Gallium Arsenide (GaAs) nanowires, enables solar panel manufacturers to reach efficiencies of up to 27% when integrated as a tandem-junction module. Having recently confirmed the successful manufacture of nanowires using their

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