Start Up Uses Cylindrical Module to Try to Better tap Sun’s Power
Date: 10/07/2008
Company: Solyndra
Source: Investor's Business Daily
A quiet solar startup plans to exit the shadows Tuesday by revealing its plans to provide cheaper clean energy power, fueling its ambitions with $600 million in venture capital.
Fremont, Calif.-based Solyndra, founded in 2005, already has racked up $1.2 billion in orders, says Chris Gronet, its chief executive and founder. Sales began in July.
Solyndra is going after the roof-assembly solar market. But it’s not using traditional flat panels. Instead, Solyndra has developed solar modules that are cylindrical, or tubelike. This gives the product technological advantages that can extract more power from the sun, backers say.
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