Off to a strong start after launching its innovative ‘smart’ solar module at InterSolar in Munich this year, start-up SunSil is expected to receive €8 million in Series A round of VC funding, €1.3 million in product development funding from the Danish government and interest from four corners of the world to license its innovative integrated module technology.
“Word rapidly spread throughout the exhibition halls that we had something truly innovative on show that had never been done before,” said Erik Hansen, CEO of SunSil. “Many people said that it was the biggest breakthrough in the solar industry in years and this was confirmed by the customer response for potential orders that we received for 2011.”
The new round of funding is expected to be used to speed-up the purchase of equipment and order materials in advance of ramping its first fully automated module plant, noted Hansen to PV-Tech. Hansen said that initial production would begin in the fourth quarter of 2010 with volume production expected in Q1 2011.
SunSil’s integrated PV architecture means that the module can be assembled in few steps with the use of a fully-automated and high-throughput manufacturing line with four to six times the output of standard PV module assembly lines being used by many module manufacturers in the world today.
At Intersolar Munich, the company was courted by potential new investors as well as by more than four ‘major companies’ interested in licensing SunSil’s technology, according to Hansen.
Although no deals have been finalized, Hansen was keen to move forward with such proposals as it would enable the technology to be ramped and gain traction in the market more quickly. Currently, the modules are being tested and should be completed in October this year.