Sierra Solar Power previously raised $7.1 million for Series A from GSR Ventures and Mayfield China for developing silicon thin films (see Green Light post).
The solar cells being developed by Sierra Solar Power could convert 16 percent to 17 percent of the sunlight that hits the cells into electricity, according to VentureBeat. That would make Solar Solar Power’s cells more efficient than those being developed by many competing thin-film companies.
VentureBeat seems to have confused another company with Sierra Solar Power. Its story also referred to a company called Sierra Solar Systems, in Grass Valley, Calif., that sells solar panels, solar hot water heaters, solar ovens and batteries.
