Sweden
Sol Voltaics is a Swedish company founded in 2011 that focuses on creating nanomaterials to enhance the efficiency of solar energy capture, generation, and storage. The company has made significant technological advancements, including the successful alignment of gallium-arsenide nanowires in a thin film, which is a major breakthrough. By integrating their innovations into mainstream crystalline silicon panels, Sol Voltaics aims to achieve photovoltaic module efficiencies of over 27%, representing a > 50% increase in energy generation compared to conventional solar panels.
With a strong intellectual property portfolio, the company is developing a high-volume production platform for their patented Aerotaxy® nanowire thin-film process, which is expected to significantly enhance the efficiency of conventional solar modules while maintaining competitive pricing.
Sol Voltaics has progressed through several generations of development of its Aerotaxy® technology, a process that originated from Lund University in Sweden. This patented process is crucial for producing nanowire solar cells and films cost-effectively, an essential factor in the commercialization process.
The company has secured funding from notable sources such as the Swedish Energy Agency and the European Union’s Horizon 2020 research and innovation program. In their last investment round, Sol Voltaics raised a total of $21.30M in a Series D investment on June 6, 2017, with contributions from investors including Industrifonden, FAM AB, Watrium, Nano Future Invest, Teknoinvest, Kagra Gruppen AS, and Blue Marlin AB.
Overall, Sol Voltaics is a promising player in the energy and renewable energy industries, with a strong foundation in nanomaterials and a solid backing from both public and private investors.
