mPower Technology holds the key to overcome the low-voltage limitations of today's rigid solar cells, empowering aerospace.
FREMONT, CA: mPower Technology, an innovative solar cell technology startup, has raised $2.5 million in Series A funding. The company has received funding from sophisticated sector investors, including Santa Fe-based Sun Mountain Capital. The capital builds upon vast R&D investment by Sandia National Laboratories. It will be used in commercializing mPower's breakthrough solar cell technology, (SemiConductor Active Layer Embedded solar) DragonSCALEs™, in the aerospace market. DragonSCALEs enable entirely new paradigms for commercial and residential rooftop applications, significantly reducing installation and balance of system costs. mPower's DragonSCALEs is made of individually interconnected cells of profoundly efficient silicon meshed into any shape or form.
DragonSCALEs is flexible, lightweight, resilient, and extremely reliable. It overcomes the low-voltage limitations of today's rigid solar cells. The integrated advantages of DragonSCALEs facilitates an extensive range of solar power design possibilities for multiple applications and markets. DragonSCALEs is an ideal solution for the aerospace market that offers mitigated weight and stowage volume, increased radiation recovery, and lower cost as compared to existing Gallium Arsenide-based (III-V) solutions. The funding that mPower Technology received is a direct reflection of the promise of this technology, where the investors have the potential to execute the company's business plan in the future.
mPower Technology's technology is well-positioned to be the solar power solution of choice for the next era of aerospace applications, especially the large emerging market for satellite constellations. The company's technology leverages affordable materials, processes, and tools from the silicon PV and microelectronics industries. It enables completely new design options for solar energy, removing the constraints of existing silicon and gallium arsenide solar solutions, allowing highly flexible, resilient, lightweight designs that can be rapidly deployed at a meager cost.
The investors believe in mPower Technology's potential that overcomes the critical limitations of existing solar cell technology. The factors drawing the investors are the opportunities in the aerospace market along with the increased market opportunity for applications like remote power, terrestrial rooftops, and IoT. The investors firmly believe that this technology is going to drive the next adoption wave of solar power. As mPower can deliver a lot of benefits in the aerospace market, it is ready to shape the future of solar power around the globe.
mPower Technology is a solar startup that is shaping the future of solar power with a revolutionary new technology called DragonSCALEs, an entirely flexible, interconnected mesh of small solar cells. DragonSCALEs facilitates completely new design options for solar power by leveraging well-established and affordable materials, tools, and processes from the silicon photovoltaic (PV) and microelectronics industries. It removes the constraints of existing silicon and gallium arsenide solar solutions, enabling highly flexible, resilient, lightweight signs that can be deployed at meager costs rapidly.