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NuvoSun

3788 Fabian Way
Palo Alto, CA 94303
USA
Website Company Summary Management Team
Team

Management: David Pearce (President/CEO) Leroy L Luo (Managing Director) Bruce Hachtmann (SVP Engineering) Tom Valeri (VP Test, Cell Integration and Module Assembly) Art Wall (Sr. Director of Technology) Dennis R Hollars (CTO)
Company

Business description: NuvoSun is a second generation innovator of thin-film photovoltaic (PV) cells and modules based on flexible Copper Indium/Gallium di- Selenide (CIGS) technology. NuvoSun's mission is to redefine the cost point for PV cells and modules and to become the lowest cost producer of these products by 2012. This will be achieved by addressing cost across the complete product design and production process: • High conversion efficiency cell design • Proprietary high speed roll-to-rolll sputtering process on flexible foil • Low cost materials and high materials utilization • Redefine capital efficiency for the solar industry • Focus on high volume high quality manufacturing execution The combination of second generation CIGS thin films and an ultra low cost proprietary manufacturing process and equipment will enable NuvoSun to produce solar cells and modules in high volume at cost points that are below Silicon and other thin film providers. This will also enable solar electricity to replace fossil fuels, including coal and natural gas. The result is a clean, locally generated source of electricity. Located in Silicon Valley and Shanghai, NuvoSun is focused on CIGS thin film cell and module development and manufacturing.
Capital

Rounds: 1
Recent fundings: Feb 2010
Capital raised: 5.9M
Last Round: 5.9M
Ownership: Private  
VCs include: Dow Chemical
Angels/other VCs: David Pearce (NuvoSun)

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Overview
Record updated: Mar 2010
Sector: Clean Technology
Year Founded: 2009
Rounds: 1
Recent fundings: Feb 2010
Capital raised: 5.9M
Last Round: 5.9M
Ownership: Private