Intel pumps €24m into solar module company
Intel Capital has invested €24million in Sulfurcell, a German developer and manufacturer of thin film solar modules. Sulfurcell will use the investment to expand its production capacity.
“Cleantech investments worldwide, including solar power generation, are a key focus for Intel Capital, particularly in the wake of global warming concerns and rising energy costs for businesses and consumers,” said Arvind Sodhani, president of Intel Capital. “By investing selectively in innovative technologies, such as those delivered by Sulfurcell, we further the viability of alternative energy options and help increase adoption while reducing carbon emissions.”
Sulfurcell makes monolithic modules using thin film materials from the copper-indium-sulphide/selenide family of elements. The company’s pilot production line has demonstrated product performance and process scalability to enable future high volume supply.
