Siva Power Closes $25M Deal

Siva Power, a US developer of thin-film CIGS solar technology, has announced the closing of a $25 million dollar round focused on building out its pilot line and developing its solar module business.

Siva Power says it is continuing to make steady progress developing its high performance, low-cost module technology at its Santa Clara, CA development facility. The technology is a proprietary co-evaporation approach that deposits the photovoltaic material onto the solar panel.

“We are very pleased by the confidence that our investors have placed in our technical team and business model,” said Siva Power’s CEO, Bruce Sohn.