Nuvosun is a privately-held manufacturer of thin-film photovoltaic cells. Using a blend of copper, indium, gallium, and selenium (CIGS), Nuvosun believes is able to manufacture efficient and versatile solar panels at a compelling price. In addition to a lower input cost, managing manufacturing operations in China is a key factor in keeping Nuvosun's solar panels affordable. The private solar manufacturer asserts that this price is low enough to eliminate the need for coal and natural gas. Founded in 2008 by Dave Pearce and Art Wall, Nuvosun is headquartered in Milpitas, California.
Overview & Corporate Organization
PrivCo Industries (Sector > Industry > Sub-Industry)
|Clean Energy Technology > Solar Energy > Photovoltaic Solar Energy|
|Manufacturing & Industrial > Computers, Electronic Products & Components Manufacturing > Semiconductor, Circuits & Other Electronic Components Manufacturing|
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Competitors & Comparables
Charts, Financials, and Statistics (Table Format)
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|*||NuvoSun, Inc. fiscal year end: 12/31|
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Detailed Business Description: NuvoSun, Inc.
Nuvosun's goal is to be the lowest cost producer of CIGS-based solar panels by 2012. However, other solar panel manufactures have struggled to achieve cost effective production, including MiaSolé, which NuvoSun founder and CEO Dave Pearce previously led. Cheaper manufacturing in China is common to the solar industry, but Nuvosun also has a proprietary sputtering (etching) process that may help the solar manufacturer to lower prices.
Although cost-effective manufacturing has remained a significant barrier to competitors in CIGS and other types of solar panel manufacturing, Nuvosun may have come up with something. Nuvosun received $10 million (out of a total $37.6 million raised during the 16-month round) from Dow Chemical in 2012, the second third time the chemical company invsted in Nuvosun. In addition to Dow's equity investments, Nuvosun has been manufacturing solar panels for Dow, which Dow markets as solar shingles. Dow Chemical's repeat involvement with… Continue Reading →