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Category: Investment, Green Funding
Green Funding News - Ampulse Raises $8 Million in Series A Funding to Develop Low-Cost, High-Efficiency, Flexible Form Factor, Crystalline-Silicon Thin-Film PV Solutions
GOLDEN, Colo. - November 3, 2009 - Ampulse Corporation, a developer and manufacturer of solar cell solutions based on proprietary and patented crystalline-silicon (c-Si) thin-film technology, today announced it has closed an $8 million Series A funding co-led by Globespan Capital Partners and El Dorado Ventures, and joined by existing investors Battelle Ventures and its affiliate fund, Innovation Valley Partners.
As a result of the funding, Daniel Leff of Globespan Capital Partners and Jeff Hinck of El Dorado Ventures have joined Ampulse’s board of directors.
Ampulse’s technology blends the best efficiency properties of c-Si with the attractive manufacturing costs and application flexibilities of emerging thin-film photovoltaic (PV) technologies. Ampulse’s manufacturing process uses a patented breakthrough technique to deposit c-Si on a flexible substrate, the material of choice for PV applications.
"Ampulse has assembled a strong management team along with key strategic partnerships with two renowned laboratories to develop a low-cost, high efficiency, c-Si thin-film PV solution for the residential, commercial, and utility-scale solar markets," said Daniel Leff, venture partner with Globespan Capital Partners. "Additionally, I am delighted to serve on the board and contribute to the success of a company whose solution is one of the most disruptive I have ever seen in the solar market."
"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."
About Ampulse
Ampulse Corporation is a venture capital-backed company leveraging proprietary and patented technology developed at the U.S. Department of Energy’s National Renewal Energy Laboratory (NREL) and Oak Ridge National Laboratory (ORNL), and focused on crystalline-silicon (c-Si) thin-film photovoltaic technology for the solar marketplace. Founded in 2007, Ampulse was the first recipient of Technology Commercialization Funding (TCF) from the Energy Efficiency and Renewable Energy Agency of the United States Department of Energy (EERE/DOE). For more information, please visit www.ampulse.com or call 1-877-AMPULSE 1-877-AMPULSE.
Contacts
Ampulse Corporation
Vidya Sharma
1-303-376-6318
1-303-376-6318
Vice President, Marketing
vidya@ampulse.com
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