Tag Archive for: caelux

Caelux announced the successful closure of a $12M funding that will be used to open a 100MW perovskite-coated glass factory in California.

Perovskite development has been a major R&D buzzword in the solar industry for the last decade. The nanomaterial absorbs more of the light spectrum than a traditional silicon solar cell. Layering perovskites with other solar technologies would lead to more powerful and efficient solar panels at a relatively low added cost. Researchers have been testing various applications of perovskites — whether spin-coated, sprayed or painted onto a substrate. California-based Caelux has found success coating its perovskite design onto glass, with the final product easily incorporating into existing silicon solar panel manufacturing lines.

Caelux today announced the successful closure of a $12 million Series A3 funding round led by Temasek with participation from Reliance New Energy, Khosla Ventures, Mitsui Fudosan and Fine Structure Ventures, bringing Caelux’s total raised funding to $24 million. Caelux will use this funding to open a 100-MW perovskite-coated glass factory in Baldwin Park, California, just outside Los Angeles.

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Source: Solar Power World

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