According to Amonix, Inc., a California company, it has raised $129.4 million in its latest venture capital financing round, which will be used to accelerate the deployment of its products while also expanding manufacturing capacity.
"Amonix CPV systems have emerged as the lowest cost solar technology for sunny and dry environments," said Ben Kortlang, Partner of Kleiner, Perkins, Caufield & Byers, which led the latest financing round. "Developers and utilities are choosing Amonix systems because of their 15-year track record in the field, high reliability, ease of deployment and industry-leading efficiency."
The company noted that along with other previous venture capital investments, it has received $9.5 million in federal stimulus funds, which will help create 269 manufacturing jobs in Nevada and an additional 167 jobs in Arizona.
As far as the products to be manufactured, the company says that concentrated photovoltaic systems use water and land more efficiently while also producing more energy per acre than other solar technologies.
