September 30, 2016 6:54 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of Solexel, Inc.

Company Overview

Solexel, Inc. develops and manufactures thin-crystalline-silicon solar modules for photovoltaic (PV) electricity generation. Its solar PV cells and panels include integrated smart electronics that enhance real-world performance by reducing the negative impact of shading, soiling, and snow cover. The company’s products are used in commercial and residential rooftop applications. Solexel, Inc. was formerly known as Soltaix LLC and changed its name to Solexel, Inc. in November 2007. The company was founded in 2005 and is based in Milpitas, California.

1530 McCarthy Boulevard

Milpitas, CA 95035

United States

Founded in 2005





Key Executives for Solexel, Inc.

Chief Executive Officer
Founder, Executive Chairman, Chairman of Advisory Board and Chief Technology Officer
Senior Director of Finance
Vice President of Module Engineering & Global Operations
Vice President of Sales and Business Development
Compensation as of Fiscal Year 2016.

Solexel, Inc. Key Developments

Beamreach Solar Announces Executive Appointments

Beamreach Solar announced that Dr. Stephen Shea has joined the company as vice president of manufacturing engineering. With forty years of experience in the photovoltaic (PV) industry, Shea will focus on scaling the company's manufacturing capabilities in order to meet growing demand for the company's new lightweight Sprint solar systems, and to support the launch and commercialization of other company's products in the future. An expert in all aspects of PV product design and manufacturing, before joining Beamreach Solar, Shea was vice president and chief engineering officer at Suniva. The company also recently named Mark Kerstens as CEO, unveiled its new brand and introduced its Sprint lightweight photovoltaic (PV) solar panel system for flat commercial roofs.

Beamreach Solar Hires Jonathan Carr as Senior Director of Finance

Beamreach Solar announced that Jonathan Carr has joined the company as senior director of finance. Carr's extensive experience in solar, energy efficiency and other types of energy industry finance will support the company's future growth as its expands commercialization of its Sprint™ lightweight solar panel system and introduces other solar products in the future. Prior to joining the company, Jonathan served as director of bond operations at Renew Financial, where he managed the closing of PACE bonds for residential renewable energy, energy efficiency, and water efficiency projects.

Beamreach Solar Launches Sprint

Beamreach Solar has announced the introduction of Sprint, its new lightweight photovoltaic (PV) solar panel system for flat commercial roofs. Sprint's light weight allows it to be installed on nearly all commercial roofs that cannot currently support heavy conventional solar systems (which account for millions of commercial roofs around the world), dramatically expanding the commercial solar power market. In addition to offering a lighter weight panel, Beamreach Solar's Sprint also has potential to provide customers with a better return on investment and a lower cost of electricity with, + More Power: Featuring maximum power capacities ranging from 290 watts to 320 watts, Sprint can generate up to 20% more power than conventional solar systems. + An Ultra-Fast Install Process: Sprint uses an innovative design that integrates racking into the panel, enabling an ultra-fast install process that requires no tools and no grounding. This allows Sprint panels to be installed up to five times faster than conventional panels and racking systems, significantly reducing installation time and labor costs. + More Panels on the Roof: Sprint's innovative design also reduces the distance required between panel rows, enabling up to 30% more panels to be installed on a roof, increasing the solar system's overall energy output. + Easy Removal and Reinstallation: Sprint panels can be easily removed and reinstalled, providing commercial roof owners with additional flexibility regarding their solar power investments. + Lower Shipping Costs: Sprint decreases panel shipping costs and its relatively high shipping density compared to conventional photovoltaic (PV) solar systems.

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Recent Private Companies Transactions

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