A Couple of CPV Companies Announce Not So Great News 0

Earlier this week, we reported on some of the positive news in the world of concentrating photovoltaics (CPV): efficiency gains, venture funding, and some decent-sized deployments.

Today we report on some bad news at CPV system vendors Amonix and Soitec.

Amonix plans to lay off 76 employees, according to a filing it made with a state agency, as reported in Dow Jones. We’ve reported on Amonix’s world-record 30-megawatt Alamosa solar farm and the tragic loss of its CEO Brian Robertson in December of last year. The layoff notice came from a Worker Adjustment and Retraining Notification, filed by Amonix with the California Employment Development Department earlier this month.

Amonix has raised approximately $140 million in venture capital from Kleiner Perkins, Adams Street Partners, Angeleno Group, New Silk Route, PCG Clean Energy & Technology Fund, Vedanta Capital, Westly Group, and MissionPoint Capital Partners. The Alamosa CPV site is funded by a $90 million DOE loan guarantee to developer Cogentrix.

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