Korean funds back tenKsolar’s wave solar
GIGAOM - Solar startups have been a favorite target for Korean conglomerates looking to boost clean power investments. TenKsolar certainly has caught the attention of one of them, Hanwha, which just led a series B round of $15.5 million, the companies said Wednesday.
The funding announcement came about a year after tenKsolar’s founder and president, Dallas Meyer, told us about the company’s plan to raise this B round. TenKsolar isn’t the first U.S. solar startup investment for Hanwha, which has put money into silicon wafer makers 1366 Technologies in Massachusetts and Crystal Solar in Silicon Valley (Crystal received $15 million). Hanwha also has invested $8 million in OneRoof Energy, a solar energy system installer in San Diego.