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“Pellucere has exceeded our technical performance expectations and we are glad to have Fortistar’s strong operations-focused team recognize and join in the execution of the company’s growth plans,” said George Coyle, Managing Partner at EIC.
In 2021, Pellucere expects to complete installation of the MoreSun coating on more than 500 MW of retrofit solar projects in the U.S., Canada, Europe, and Africa.
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More on MoreSun. Pellucere was spun out of Oregon State University to commercialize the nano-technology developed by Dr. Chih-hung Chang and Dr. Seung-Yeol Han. The company has also developed and manufactures a patented robotic applicator system for the MoreSun coatings to enable high-precision, high-efficiency field application of the product.
Fortistar and Energy Innovation Capital Invest in Pellucere Technologies
Manufacturer of Industry-Leading Anti-Reflective and Anti-Soiling Coatings
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HOUSTON, Feb. 23, 2021 /PRNewswire/ Pellucere Technologies, Inc., a U.S.-based sustainable technology focused company that manufactures anti-reflective and anti-soiling coatings for solar, automotive, and consumer electronics, announced today that Fortistar, a privately-owned investment firm that provides capital to build, grow and manage companies that address complex sustainability challenges, is co-investing alongside existing investor Energy Innovation Capital ( EIC ) to fund the rapid growth of the company.
MoreSun s Anti-Soiling technology added up to 12% additional energy during a multi-year field test in the California Desert. The modules in the photo were not washed for a full year.