Solaria's $22mm Series B

Solaria, which is developing concentrating solar panels that use 2-3x less silicon for the same amount of energy, announced a $22mm Series B. The round included NGEN Partners, Sigma, Q-Cells, and Moser Baer. Solaria is anticipating commercial products as early as 2007; their products, although concentrators, will have similar form function to existing PV modules.