Post and search solar jobs.
Applied Quantum Technology (AQT), a startup CIGS (copper-indium-gallium-diselenide) thin-film solar company announced that it has secured $10 million in venture funding.
The latest investment from the original investor syndicate and additional undisclosed investors will be used to build out AQT’s first manufacturing line, to be located in Silicon Valley, and to expand the company’s staff in anticipation of full-scale production over the next 12 months.
This funding round, which has completed its initial close, raises the total amount of funds that AQT has attracted to date to almost $15 million.
AQT also announced that equipment company Intevac (NASDAQ: IVAC) will provide the machinery needed for the production line at an undisclosed cost.
In April, AQT will build out an initial 15megawatts (MW) production line at its new Silicon Valley development and manufacturing location to fulfill current customer orders due by year end.
AQT is employing the manufacturing technologies and platforms that have been field-proven in the hard disk drive industry. AQT’s CIGS technology, dubbed CIGS 2.0, allows for continuous in-line manufacturing, which simplifies and streamlines the process.
Loading...