A Silicon Valley company said on Wednesday that it had raised $10 million to bring to market a novel way of making thin-film solar cells.
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Applied Quantum Technology is one of a score of start-ups trying to develop low-cost solar cells made from copper indium gallium (di)selenide, a compound that can be printed or deposited on glass or flexible materials.
That has proved a tough challenge and start-ups like MiaSolé, Nanosolar and Solyndra have raised hundreds of millions of dollars to perfect the technology by building propriety solar cell-making machines.
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