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Written by: Leonard Parker | Solar News | 29th July
Edgehog Advanced Technologies announces the first closing of $1.25 million of its $2.5 million Seed Capital raise to scale up the size of its super-transmissive, self-cleaning solar glass and further develop and commercialize its proprietary technology. The company is in the process of scaling up the glass size from the current 6-in. diameter size (as seen in the photo) to full solar panel size by Q1 2022.
What is it? Coming out of startup foundry, TandemLaunch, and building on research originally developed in the United States’ Energy Department’s National Labs system, Edgehog’s eluminar glass utilizes a unique approach to generate nano-sized textures which result in super-transmissive invisible glass and features a self-cleaning surface where water rolls off the surface.
Edgehog will be further developing and commercializing the antireflective glass to enhance solar panel energy generation by up to 12%. “Hundreds of millions of dollars have been invested to improve efficiency of solar panels but very little has been done to increase the amount of light going into solar panels, until Edgehog” said Brad Gunn, Edgehog’s CEO
Edgehog’s CTO Calvin Cheng, commented “Our first product is being implemented in space solar modules, where there is enormous value for additional energy generation without adding extra weight. With the support of our investors, we’re building upon our fundamental innovation by scaling up our glass for terrestrial solar panels.”
“Edgehog continues to develop its revolutionary nanotextured glass for the fast-growing solar PV space and numerous other applications,” said Helge Seetzen, general partner at TandemLaunch. “What the Edgehog team has developed over the last two years is impressive and we’re delighted to continue our support in the commercialization of their technology.”
Indeed Edgehog is in discussions with several solar manufacturers now and is targeting a market launch by late Q3 or early Q4 2022.
The seed funding round was led by TandemLaunch , E8, and other angel investors. This equity financing comes as Edgehog scales to meet anticipated strong demand in the rapidly growing solar PV sector, including space solar modules. A second closing of the Seed Round of up to $1.25 million is expected to close within the next 60 days.Tags: Edgehog, TandemLaunch