Archive for September 17th, 2012

Solar firm Semprius opens Henderson plant Sept. 26

Posted on: September 17th, 2012 by shannon No Comments

DURHAM, N.C. — Solar technology startup Semprius will opened its production plant in Henderson on Sept. 26.

Semprius is based in Durham but chose Henderson for its first manufacturing facility. The company is eligible to receive some $8 million in state and local tax incentives.

Plans call for Semprius to hire some 250 workers over the next several years to man the Henderson facility.

N.C. Gov. Bev Perdue attended the opening day launch at a 9 a.m. ceremony.

“The highly anticipated opening of this new facility has significant implications for the future of renewable energy,” said Sempris Chief Executive Officer Joe Carr. “It’s a major milestone for Semprius, and we’re very proud of our team and our public and private partners that have helped us bring it in on time and on budget. With production ramped up, we will be able to effectively service our customers, including companies like Siemens and Pratt & Whitney Rocketdyne.”

Semprius has developed proprietary technology for development of photovoltaic solar modules. The company has set a record for conversion efficiency of solar power conversion to energy at 33.9 percent.

That achievement earned Semprius high praise recently from MIT.

Semprius has raised more than $40 million in venture capital from investors such as Intersouth Partners in Durham as well as In-Q-Tel, the investment arm of the CIA, plus Siemens Venture Capital.

In July, Semprius secured $8 million in credit.

Horizon Technology Finance Corporation and Silicon Valley Bank agreed to provide an $8 million venture loan “facility.”

Horizon will provide $5 million and Silicon Valley Bank the remaining $3 million.

 

Reposted from WRALTechwire