Posts Tagged ‘Semprius’

Semprius Raises $7.5 Million More in Venture Capital

Posted in Investment, Solar Power on March 28th, 2012 by News Desk –

Durham, N.C. – Semprius, a developer of high concentration photovoltaic (HCPV) solar modules, announced on Wednesday it has raised an additional $7.5 million in venture capital from Siemens Venture Capital, ARCH Venture Partners and Intersouth Partners.

Founded in 2005, Semprius is a spin out of the University of Illinois that is commercializing a process for printing high performance single crystal semiconductors on any substrate, including glass, plastic and other semiconductor materials.

Semprius builds its modules using processes that combine extremely tiny solar cells with low-cost, efficient optics that concentrate incoming sunlight more than 1,000 times. In January, Semprius announced it set a new world record for photovoltaic module efficiency, reaching 33.9%.

The company said it will use proceeds from the new funding to accelerate construction and ramp-up of its pilot production facility to produce solar modules.

Image credit: Semprius

Semprius website

Semprius Raises $20 Million in Venture Capital Round Led by Siemens

Posted in Solar Power on June 30th, 2011 by News Desk –

Photo credit: Semprius

Durham, N.C. – Semprius, a developer of high concentration photovoltaic (HCPV) solar modules, has raised $20 million in its third round of venture capital, which was led by Siemens Venture Capital, the company announced.

Founded in 2005, Semprius is a spin out of the University of Illinois that is commercializing a process for printing high performance single crystal semiconductors on any substrate, including glass, plastic and other semiconductor materials.

The company said it will use the new funding to construct a pilot HCPV module production plant, which will allow it to scale up and optimize its process for subsequent large-capacity plants.

Semprius builds its modules using processes that combine extremely tiny solar cells with low-cost, efficient optics that concentrate incoming sunlight more than 1,000 times. Despite the high level of concentration, the modules remain cool for improved long-term reliability and performance, according to the company.

Other investors in Semprius’ new funding round include ARCH Venture Partners, Applied Ventures, Illinois VENTURES, Intersouth Partners, In-Q-Tel and GVC Investment.

Semprius website

Siemens Venture Capital website