Dow Chemical buys NuvoSun for making solar shingles
Post date: Apr 8, 2013 8:25:26 AM
Dow Chemical said Thursday it has bought solar startup NuvoSun, which developed a thin film technology that Dow will use for its solar roof.
Dow, which made equity investments in NuvoSun over a 3-year period, closed the purchase of the startup on Feb. 28, said Dow spokeswoman Kate Nigro. She declined to disclose the purchase price. Greentech Media first reported the acquisition on Wednesday.
Founded in 2008, NuvoSun’s technology uses copper, indium, gallium and selenium to convert sunlight into electricity. The compound and the manufacturing process involved make it possible to create ultra thin and flexible solar cells. Silicon solar cells are thicker and prone to breakage if they are not protected by glass.
Read more: http://www.forbes.com/sites/uciliawang/2013/03/07/dow-chemical-buys-nuvosun-for-solar-shingles/