Solar power company Infinia raises $14 million in debt |
Connect with TechFlash on our Facebook page for all the latest technology news headlines and commentary, plus information and access to special events, photos from events, promotions and more.
Today On Techflash
- Amazon falls on world's most valuable brand list; Microsoft at No. 5
- Amazon announces deal with Paramount Pictures
- Group plans protest at Amazon shareholder meeting
- Seattle webcomic The Oatmeal generates Tesla-Edison controversy
- Amazon shareholders met by protesters, company cuts ties with ALEC
- Microsoft Windows Phone tops Apple's iPhone in China
Mass High Tech
Solar power company Infinia raises $14 million in debt
Infinia Corp., hich is using Stirling Engines to convert the sun's rays into electricity, has raised $14 million in debt financing, according to a filing with the SEC. The offering -- part of a $50 million capital raise -- follows a massive $50 million venture round from investors such as Vulcan Capital, Khosla Ventures, Power Play Energy and others last year.
Executives at Infinia, based in Kennewick, Washington, could not be reached. Last February, the company said it had planned to have its first solar dishes in production by the end of 2008.
It was also working on deals at the time to create solar facilities that generated from 10 Megawatts to 150 Megawatts, with CFO Gregg Clevenger saying that the company could employ as many as 800 workers by 2013.
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
