Intel Capital Continues Renewable Energy Expansion
Sulfurcell Headquarters photo courtesy of Sulfurcell.
It was only a few weeks ago when we learned that Intel was getting into solar hrough its Intel Capital division. Well, their solar investments continue once more. This time with a €24 million investment in Sulfurcell, a German thin-film solar developer and manufacturer using
Intel was the leading single investor in the €85 million total equity round, with an additional €38 million coming from a mix of European investors—Climate Change Capital Private Equity, AIG, Demeter Partners, Zouk Ventures and BankInvest. The balance of the total was provided by existing investors.
The director of Intel Capital’s cleantech sector in Europe and Israel stated why Sulfurcell was chosen for investment:
Intel Capital invested in Sulfurcell because CIS/CIGSe [Copper-Indium-Sulfide/Selenide] solar modules have demonstrated some of the highest energy conversion efficiencies of all thin-film materials. They also enable emerging applications such as building integrated photovoltaics (BIPV), where solar modules are integrated in the core structure of roofs and walls.
:: Intel Capital
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