HIPERION technological leader, the Swiss start-up Insolight, closed a € 4.6 million funding round to bring its concentrating PV module technology to commercial production. Insolight has established a world record efficiency of more than 29% for flat solar panels, as certified by Universidad Politécnica de Madrid (UPM-IES), a partner in the HIPERION project. Originally conceived for rooftop solar, the product is a promising solution in combination with agriculture, known as agrivoltaics.
Together with the € 10 million grant from the EU for the HIPERION consortium, this new financing round will enable Insolight to start producing and selling its modules.
Picture Copyright: Insolight