Draker Labs Closes New Round Of Equity Funding, Names New Board Member

Draker Labs, a provider of turnkey monitoring systems for large commercial- and utility-scale solar photovoltaic systems, has completed a new round of equity funding. According to the company, the equity funding is being invested in new technology development focused on scaling Draker's current products and services to meet the needs of the rapidly emerging utility-scale market.The equity funding will also be used to add engineers, project managers, and field services and customer-support personnel to effectively manage the growing fleet of solar projects that Draker has under management.

Harbor Light Capital Partners, a private investment firm based in Keene, N.H., led the $3 million round. Other major participants included existing Draker investors FreshTracks Capital and Campbell Scientific. In addition to the equity investment, Draker says it has secured a new $1.5 million credit facility to help the company manage its working capital requirements.As part of the new equity round, Todd Warden, managing partner at Harbor Light, was elected to Draker's board of directors.

TecnoSun Solar USA Inc., a provider of solar tracking systems and the U.S. branch of Germany-based TecnoSun Solar AG, has begun operations in Toledo, Ohio."Our goal is to become the premier manufacturer of solar tracking systems in North America by leveraging the German engineering excellence from our parent company with the American manufacturing expertise available locally," says Greg Knudson, CEO of TecnoSun Solar USA.TecnoSun Solar USA will be housed at the University of Toledo's Nietzsche Commercialization Complex and is expected to have demonstration systems operating at locations on the university campus by early fall. The firm says it will offer single-axis and dual-axis PV tracking systems featuring EcoSystem, a control system that collects real-time atmospheric data to optimize operating efficiencies while repositioning trackers and the solar modules during severe weather conditions.

Day4 Energy Inc. says it has integrated its proprietary process equipment into the existing production line of Gebaude-Solarsysteme GmbH (GSS), a supplier of specialized building-integrated photovoltaic applications.GSS will now begin manufacturing solar modules featuring Day4 DNA Technologies, an exclusive design and component of Day4 DNA technology. Day4 DNA PV cells do not require soldering and virtually eliminate PV cell energy losses after module lamination, according to Day4 Energy.Day4 Energy's engineering team completed all required upgrades to the existing module manufacturing facility at GSS earlier this month. With the first production test runs underway, GSS is scheduled to commence commercial volume shipments during the first week of July, the company says.

China Sunergy Co. Ltd., a solar cell and module manufacturer, says that its fully owned subsidiaries China Sunergy (HK) Co. Ltd. and China Sunergy (Nanjing) Co. Ltd. will increase their annual silicon cell production capacity by co-investing in a 1 GW solar cell expansion project in Yangzhou City, Jiangsu Province, China.The first batch of a 500 MW solar cell production line is expected to be commercialized in the first half of 2012.The investment cost for the fixed assets of the project is estimated to total RMB 1.8 billion. This project will be partially funded by a RMB 500 million three-year general corporate loan from China Electric Equipment Group Corp.The project will focus on the production of the newly developed Quasar cells, pioneered by China Sunergy, which feature an average efficiency of 18.55% (from their best batch), according to the company. The company expects to reach 20% efficiency within two years.Find out more?Renesola

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