Equinor Ventures invests in Boston solar cleaning tech start-up
Solar system. Author: Mike Weber. License: Creative Commons, Attribution 2.0 Generic
Equinor Ventures today said it has invested seed funding in Sol Clarity, a US start-up providing cleaning technology for solar panels.
The corporate venture capital arm of Norwegian energy group Equinor (NYSE:EQNR) has made a convertible note investment as part of Sol Clarity’s USD-920,000 (EUR 924,000) Seed I funding round. The funds will help Sol Clarity bring its patented technology, the Electrodynamic Screen (EDS), to the market.
Sol Clarity is a spin-off from Boston University. Its technology offers water-free, automated, non-contact cleaning. It represents rows of conductive parallel electrodes that charge dust particles with static electricity and sweep them off with a generated traveling electric wave, Equinor explains. According to the Norwegian company, the technology can help increase solar plants’ energy yield and development feasibility and lower their operating costs.
Techstars also took part in the funding round, according to a Sol Clarity post on LinkedIn.