MiaSole

MiaSolé is a solar energy company developing Copper Indium Gallium Selenide (CIGS) thin-film photovoltaic products. MiaSolé’s manufacturing process lays CIGS on a flexible stainless steel substrate. The company was founded in 2003 by Dave Pearce. The company is privately held.

The company has 350 employees and operates two California-based manufacturing facilities. The company headquarters are located in Santa Clara, California, US. The company caters to the needs of the solar power module manufacturing companies and the related appliance manufacturers in US.

Business line, products and service offerings:

The company works on two main solar technologies , namely: Thin-film and CIGS (Copper Indium gallium selenide). The major products of MiaSolé are the MS Series Photovoltaic module and the MR Series photovoltaic module designed specifically for large-scale rooftop and ground mount installations for utilities, independent power providers and industrial scale deployments.

MiaSolé current modules convert greater than 12% of sunlight into electricity and the company claims that next generation modules will provide 14% efficiency.

To date, MiaSolé’s technology has been shipped to more than 30 customers in 7 countries around the world, including the United States, Germany, Spain, Italy, France, Portugal, India and Saudi Arabia. Major industry clients of the company include Chevron, Phoenix Solar, Fitcraft Production, Western Solar, juwi Group, POWEO, ProLogis, SolarCity, Grupo Generg etc.

Strategic Partner/Alliances

The company has formed a partnership with computer chip manufacturer Intel Corporation under which Miasole will receive training and expertise from Intel employees. The company has also partnered with Western Solar for a solar power plant in Wales, UK.

Venture Capital/Investors:

MiaSolé is backed by institutional and industry investors such as:

  1. Kleiner Perkins Caulfield & Byers,
  2. VantagePoint Venture Partners
  3. Firelake Capital Management
  4. Passport Capital
  5. Arcelor Mittal
  6. Ecofin
  7. Garage Technology Ventures

Funding History: MiaSolé initial raise was in 2004 and led by VantagePoint Venture Partners. The B round raised USD 16 million in venture capital investment in June 2005, in a round led by Kleiner Perkins Caufield & Byers , and raised a further USD 35 million in October 2006 . The company raised USD 50 million in a fourth round of financing in September 2007, bringing total financing to USD 100 million . As of 2010 Miasole had roughly USD 350 million in investment from investors.

Top Management:

  1. CEO and President – Joseph Laia
  2. CFO – Merlin McClendon

Recent News:

  1. July 8, 2011 : Western Solar a UK based Solar company had decided to use MiaSolé modules for major UK solar system.
  2. April 26, 2011 : Miasole reached a deal with Intel Corp. under which the Intel will provide training and expertise to help the solar start-up ramp up manufacturing and lower costs.
  3. August 25, 2010 : MiaSolé and juwi Solar sign 600MW purchase agreement for CIGS (Copper Indium Gallium selenide) modules

Address :
MiaSolé
2590 Walsh Ave.
Santa Clara, California 95051
USA
Phone: 408-919-5700
Fax: 408-919-5701
Website: www.miasole.com