Sunpreme will use the capital infusion to build a solar cell facility in Jiaxing, China, to expand production of its SmartSilicon solar cells by year end.

Sunpreme’s SmartSilicon is a disruptive solar cell technology that delivers high-efficiency solar photovoltaic panels at lower costs.

Using Sunpreme’s technology on largely industry standard production equipment, the company’s cost-effective manufacturing process provides utility-scale and distributed power generation customers with a reliable, high-performance and affordable solar solution.

Sunpreme is a manufacturer of low-cost, highly scalable SmartSilicon solar cells.