Marmen to restart wind tower production for 350-MW Quebec project
Sep 18, 2024 16:11 CESTCanadian quantum dot-based solar cells developer QD Solar now has over CAD 10 million (USD 7.7m/EUR 7.2m) available to advance, develop, test and de-risk its solar technology.
On Monday, the company announced it had closed a Series A funding round led by DSM Venturing, the venture capital arm of Dutch science-based company Royal DSM (AMS:DSM), with participation from existing investors KAUST Innovation Fund and MaRS Innovation.
Yesterday, MaRS Innovation and the University of Toronto, the two entities that created the firm, said that QD Solar has received matching investments of CAD 2.5 million from each of the three participants. The development of its technology is also backed by a CAD-2.5-million grant from Sustainable Development Technology Canada (SDTC).
QD Solar develops quantum dot-based solar cells that use nano-engineered, low-cost materials absorbing the otherwise wasted infrared light. The company says that its first product has the potential to boost the energy output of solar panels by 20%.
"Thanks to the concerted efforts of the University of Toronto and MaRS Innovation, QD Solar has quickly gone from early stage to market ready," Ontario's Minister of Research, Innovation and Science, Reza Moridi, said in a statement.
(CAD 1.0 = USD 0.765/EUR 0.723)
Marmen to restart wind tower production for 350-MW Quebec project
Sep 18, 2024 16:11 CESTSimply Blue names Goldboro as location for Canadian SAF hub
Sep 16, 2024 10:58 CESTEVLO launches 5-MWh LFP battery product
Sep 02, 2024 14:17 CESTWeekly renewables M&A round-up (Sept 2-6)
Sep 06, 2024 17:52 CESTEnergir attracts USD-425m investment for decarbonisation strategy
Sep 06, 2024 16:02 CESTJordan Green agrees land deal for solar-powered green ammonia hub
Sep 20, 2024 5:52 CEST