Morgan Solar raised more funds

The future of concentrated solar is Morgansolar’s

We already wrote about Morgan Solar’s new inovating technology here on this Website. You can see some more photos in this article too. It’s only with great satisfaction that we want to share some good news from Morgan Solar. Morgan Solar have increased their first-round investment to USD $8.2 million from the USD $4.7 million announced in October 2009.

Early manufacturing for testing and certification has already started at Morgan Solar’s facility in Toronto last year (2009). The first commercials products should be delivered to the customers during early 2010.

In the latest press release, Nic Morgan said that there has been other investors to go and rise funds. There had been some “Strategic investors participating in Morgan Solar’s first round are Iberdrola, the world’s largest renewable energy provider, and Nypro Inc., a global leader in injection molding and contract manufacturing with operations in 16 countries.”

Morgan Solar develops Solar Technologies since 2007.

The Sun Simba HCPV is a low cost, high efficiency solar panel designed for utility scale solar farms and distributed generation.  “The most important goal for solar energy is to become competitive with other electrical generation technologies.  Our view is that this can only be achieved with low cost, scalable, high efficiency solar panels,” said Nicolas Morgan, VP Business Development & Marketing at Morgan Solar.  “The Sun Simba HCPV is our answer to this challenge.  We’re bringing to market a next generation solar panel.”

This high efficiency, low cost concentrated photovoltaic solar panel uses a completely new type of optical concentration system – the Light-Guide Solar Optic (LSO).

Source: Morgan Solar