ABOUT US
Stion is a solar photovoltaics company developing high-efficiency
thin-film modules. The Company is aiming to minimize
the total installed system costs of solar electricity. Stion
was founded in 2006, and its technology is based on the work
of Dr. Howard Lee, a leading researcher in nanotechnology and semiconductor materials and devices with 28 years of corporate, government and R&D
experience.
Stion’s focus on efficiency differentiates it from
other emerging PV firms which are competing primarily to cut
cell costs. Customers make purchase decisions based
on the total cost of an installed system and not just the
cell or module, but because many system-level costs are area-dependent,
reducing cell and module costs is insufficient unless efficiency
improves. In addition to delivering the reduced material
and processing costs associated with thin films, Stion would
cut dollar-per-watt costs at the system level by generating
the same power using a smaller product, thus making PV economically
feasible to more customers.
Stion’s current investors are:
- Khosla Ventures - Khosla Ventures offers
venture assistance, strategic advice and capital to entrepreneurs.
The firm supports breakthrough scientific work in clean
technology areas such as bio-refineries for energy and bioplastics,
solar, batteries and other environmentally friendly technologies.
Vinod Khosla was formerly a General Partner at Kleiner Perkins
and founder of Sun Microsystems. Vinod has been labeled
the #1 VC by Forbes and Fortune recently labeled him as
one of the nation's most influential ethanol advocates,
noting "there are venture capitalists, and there's
Vinod Khosla."
- Braemar Energy Ventures - Braemar Energy
Ventures is a New York City-based venture capital fund making
early to mid-stage investments in energy technology and
energy-related communications companies. Braemar's principals
have a long history of making successful investments in
the energy technology sector and have significant technical,
operating, and financial experience in energy and energy-related
industries. The fund targets a wide range of energy technologies
that impact stationary power, transportation and portable
energy applications.
- Moser Baer Photovoltaic - Moser Baer
Photovoltaic, a subsidiary of Moser Baer India Ltd, is in
the business of photovoltaic (PV) cells and modules. The
parent company Moser Baer India Limited is the leading manufacturer
of optical storage media in the world.
- Lightspeed Venture Partners - Lightspeed Venture Partners combines extensive venture capital and operating experience to assist entrepreneurs in creating industry-leading technology companies. Lightspeed manages $1.3 billion in committed capital and focuses on early-stage investments in the U.S., Asia and Israel.
- General Catalyst Partners - General Catalyst Partners is a venture capital firm that invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals’ extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance. General Catalyst has approximately $1 billion under management and is headquartered in Cambridge, Mass. For more information, please visit: www.generalcatalyst.com.
Press Releases
- 6/26/07- Stion Raises $15 Million Series B [PDF]
- 12/13/07- Stion Appoints Vineet Dharmadhikari As SVP of Engineering & COO [PDF]
- 3/11/08- Stion to Relocate to South San Jose's Industrial Park [PDF]
- 6/3/08- Stion Hires Thin-Film Expert Steven Aragon as VP of Engineering [PDF]
- 6/3/08- Stion Hires Product Development Expert Robert Wieting as VP of R&D [PDF]
- 5/16/09- Stion is announced as TiE50 Winner
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