Morgan Solar Inc. has closed USD $16.5 million in the first tranche of its Series B funding round to ramp up manufacturing and deployment of its Sun Simba concentrated photovoltaic module.
The Sun Simba, based on Morgan Solar’s unique, patented Light-guide Solar Optic, is an ultra-thin, lightweight module that is simple and inexpensive to manufacture. This module forms the building block of Morgan Solar’s turnkey photovoltaic system, which the company says offers significantly lower costs, and higher performance, than other photovoltaic systems on the market today.