Solar Cell Repower Raises $1.5M to Upgrade Subpar Solar Panels

Solar Cell Repower, a Norwegian startup working on technology to upgrade off-spec solar panels, has closed a Series A round of financing for $1.48 million from NorthZone Ventures. The company, which plans to partner with module manufacturers and begin production next summer, also announced $1.8 million in grants and loans today from the state-owned Innovation Norway for building a factory.Starting with modules from other manufacturers, Solar Cell Repower could sidestep the tumult anticipated in the solar industry as a result of the looming polysilicon glut — but it also means it may not be able to leverage collapsing prices to its advantage.

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