November 11 (Renewables Now) – The Clean Energy Finance Corporation (CEFC) has investedÂ USD 7 million (EUR 5.9m) as part of the USD-12-million Series B capital raise of glass-free solar panels maker Sunman Energy.
The Australian government-owned cleantech investor took part in the capital hike alongside company founder Zhengrong Shi and Southern Cross Venture Partners.
Sunman has developed its glassless eArc panels using a lightweight polymer composite material. The modules are flexible and can be moulded to contoured surfaces, can be used for mobile power generation or be integrated into construction materials.
The firm plans to use the fresh capital to further develop and deploy its technology and optimise its installation processes.
â€śThe eArc panels already power the Byron Bay solar train, after being moulded to fit its curved roof. They have also been installed at the Australian National Maritime Museum in Sydney, which had been unable to support glass panels because of the steep slope of its roof,â€ť notes CEFC CEO Ian Learmonth.
As of September 2020, about 50 MW of eArc has been installed around the world, according to information available on the companyâ€™s website.
(USD 1.0 = EUR 0.848)