Siva Power Closes on $25M to Continue Developing Low‑Cost Solar Module Technology for the Terawatt Era
Siva Power, a manufacturer of next generation thin-film solar technology, today announces the closing of a $25 million dollar round focused on building out its pilot line and developing its solar module business. Jim Simons and Mark Heising led the investment with help from Jonathan Sheets.
Siva Power continues to make steady progress developing its high performance, low-cost module technology at its Santa Clara, CA development facility. Customer interest is strong from those that appreciate the challenge of deploying terawatts of solar in the coming decades.
“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.