{"id":149581,"date":"2010-01-07T10:59:18","date_gmt":"2010-01-07T15:59:18","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=5394"},"modified":"2010-01-07T10:59:18","modified_gmt":"2010-01-07T15:59:18","slug":"morgan-solar-increases-series-a-funding-to-8-2m","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/149581","title":{"rendered":"Morgan Solar Increases Series A Funding to $8.2M"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Funding\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/solar.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Solar\" \/><\/p>\n<p><a href=\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/01\/Picture-2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-5396\" title=\"Picture-2\" src=\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/01\/Picture-2.png\" alt=\"\" width=\"324\" height=\"61\" \/><\/a>We&#8217;ve been following Morgan Solar, which has developed a novel concentrating photovoltaic module, for a while. Until last fall, friends and family largely backed the startup, launched by a University of Toronto graduate. Then, in October, the company raised $4.7 million in an inaugural round of funding backed by a string of blue-chip investors, including Spain&#8217;s Iberdrola Renewables. The Series A funding helped put this promising solar venture on the map.<\/p>\n<p>Yesterday, Toronto-based Morgan Solar said that it has increased its Series A funding to $8.2 million. Turnstone Capital Management, a New York-based asset management firm, led the funding.  Morgan also got cash from the Iberdrola and Nypro venture capital firms and two unnamed Canadian VC groups.<span id=\"more-5394\"><\/span><\/p>\n<p><a href=\"http:\/\/greenenergyreporter.com\/2009\/10\/canadian-solartech-startup-gets-3-7m-funding-from-iberdrola-and-strategic-investors-interview\/\" >When we last spoke<\/a> to company founder John Paul Morgan in October, he had indicated that the company was looking to significantly grow its Series A funding.<\/p>\n<p>Nicolas Morgan, the company&#8217;s head of business development and brother of John Paul Morgan, said it plans to use the proceeds to scale production of its concentrated photovoltaic solar panel, the Sun Simba HCPV.<\/p>\n<p>Initial commercial deliveries of the panels are expected by the end of the year, according to the company.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/tOPShTWxJxU\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We&#8217;ve been following Morgan Solar, which has developed a novel concentrating photovoltaic module, for a while. Until last fall, friends and family largely backed the startup, launched by a University of Toronto graduate. Then, in October, the company raised $4.7 million in an inaugural round of funding backed by a string of blue-chip investors, including [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-149581","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/149581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=149581"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/149581\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=149581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=149581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=149581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}