Founded in 2007, Morgan Solar Inc. is a Toronto-based solar energy start-up driven by the pursuit of making solar energy economical without subsidies. We have developed a portfolio of breakthrough optical technologies that have enabled a highly efficient and low cost Concentrated Photovoltaic (CPV) solar module, the patented Sun Simba HCPV. The Sun Simba stands as the first solar module with a clear path to achieve grid-parity across global utility-scale markets.
The Sun Simba offers scalable, low capital, and low maintenance electricity generation, delivering substantially higher internal rates of return (IRR) than any other photovoltaic system and most fossil-fuel generation plants. With minimal environmental impact and little civil construction or heavy installation requirements, our projects will have shorter commissioning times than other forms of power generation.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 05/01/11 | Other | 16.5M | Unknown |