Dow Makes Third Investment in U.S. Solar-Cell Maker NuvoSun
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NuvoSun Inc., a closely held producer of thin-film solar cells, expanded its third funding round to $28.8 million with $10 million from Dow Chemical Co., the largest U.S. chemicals maker.
NuvoSun disclosed the financing today in a Securities and Exchange Commission filing, which didn’t include the participants. Chief Executive Officer David Pearce confirmed the investment in a telephone interview. Dow representatives did not return phone messages seeking additional comment.