Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

GreenVolts Receives Funding for Concentrating Solar Power System

GreenVolts Inc., a closely held developer of concentrating solar power systems, received about $39 million in venture capital financing.

The funding includes $22.4 million received in December from Oak Investment Partners and other existing and new investors, David Gudmundson, the Fremont, California-based company’s chief executive officer, said today by telephone. He wouldn’t name the other backers.

The financing will be used to build equipment for projects that include a 1-megawatt plant at Arizona Western College. The company is also developing a Byron, California, project for utility Pacific Gas & Electric Co. using “completely redesigned” technology, he said.

Details of GreenVolts’ “next generation” systems will be announced in the coming months, Gudmundson said, and will still use concentrating photovoltaic technology incorporating high-efficiency solar cells from suppliers such as Boeing Co.’s Spectrolab Inc. unit.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.