Chinese HuaXiang group invested $2.5 Million in 3GSolar
16 December, 2012
3GSolar has developed Photo Voltaic panels based on Dye-sensitized solar Cell technology. The company beleives its processwill be ready for mass market in 2015
The Chinese Industrial and Real Estate company, HuaXiang group, announced an invastment of $2.5 million in the small startup company from Jerusalem, 3GSolar. This was its firt investment in Israel.
3GSolar has developed Photo Voltaic panels based on Dye-sensitized solar Cell technology. The company’s DSC technology stems from a photosynthesis-like process that uses a sandwich of dye coated titanium oxide and a counter electrode to create an electrical current on illumination. This Technlolgy promise to be better cost effective than the traditional solid-state semiconductor PV cells.
3GSolar works in close cooperation with Joma International, a leader in highly engineered titania materials and professors from Bar Ilan University and the Weizmann Institute of Science, Israel. 3GSolar is backed by the Israel Electric Corporation (IEC), the largest electricity provider in Israel, and by a fund advised by London-based Smedvig Capital, part of the Smedvig Group. The company beleives its processwill be ready for mass market in 2015.