Open Energy Corporation Lands $4,700,000 New Financing Round

  • Feed Type
  • Date
    10/9/2008
  • Company Name
    Open Energy Corporation
  • Mailing Address
    514 Via de la Valle Solana Beach, CA 92075
  • Company Description
    Open Energy Corporation is a renewable energy (RE) company focused on the development and commercialization of a portfolio of technologies capable of delivering low-risk, cost-competitive electricity, fresh water, and related commodities on a global basis. Open Energy offers building-integrated photovoltaic (PV) roofing materials for commercial, industrial, and residential markets. Marketed under the trade name SolarSave®, the product line includes roofing membranes, roofing tiles, custom architectural PV glass, and balance of systems equipment such as inverters, combiners, and accessories. The company also holds an exclusive, worldwide license to a solar thermal technology called SunCone™ CSP (Concentrating Solar Power), which is currently being developed to produce electricity and potable water using only the power of the sun.
  • Website
    http://www.openenergycorp.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,700,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Quercus Trust