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SolFocus, Inc.
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By American Venture Magazine |
INDUSTRY: Energy, Solar.
http://www.solfocus.com
VC Funding:· NUMBER OF DEALS: 2
· AMOUNT INVESTED: More than $86 Million
· KEY INVESTORS: New Enterprise Associates, Moser Baer Photovoltaic, David Gelbaum, Metasystem Group, NGEN Partners, Yellowstone Capital Inc., others.
By combining advanced solar technology--crucial in recent NASA missions--with optical concentrating systems, SolFocus developed technology that generates large amounts of power from small amounts of expensive photovoltaic material. This disruptive technology is designed for cost control and promises the first solar system to be cost competitive with fossil fuels.
 Secret to success.
SolFocus's ability to aggressively target strategic goals while developing its core technology sets it apart. While Big Solar spent time exploring technological possibilities, SolFocus pursued key partnerships to streamline manufacturing, penetrated strategic markets with an international expansion and capitalized on vertical synergies by acquiring a component maker. SolFocus' strategy leverages its advanced technology, partners and funding to become a big player in a small amount of time.
"Globally, the solar industry is primed for innovations that are dramatically recreating the way energy is sourced," said SolFocus CEO Gary D. Conley
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