Sunnyvale, California-based CaliSolar, has raised $60 million US in equity, rights and securities. The company will use the new financing to further develop the company’s proprietary approach to using “dirty” metallurgical grade silicon to make high quality solar cells. The company also received funding under the US. DOE PV Module Incubator program in 2007. (Source: Venture Beat, June 8, 2009)

Contact: CaliSolar, (408) 739-1774, info@calisolar.com, www.calisolar.com