Dive Summary:
- According to sources, Golden, Colorado-based Ampulse is winding down its operations after just four years in existence; Ampulse had initially been funded by more than $10 million from Globespan Capital Partners, El Dorado Ventures, Battelle Ventures, and the Department of Energy.
- WHen the firm was founded in 2008, solar panels and silicon were more expensive, but investors still felt Ampulse would be able to make money once silicon prices dropped.
- No exact date for closing has been announced for the 10-employee company.
From the article:
People close to the company observed very slow progress over the last few years and an inability of the Ampulse approach to support high (or even moderate) efficiencies.
Ampulse falls in the direct-gas-to-wafer technology segment, along with Solexel and Crystal Solar. Crystal Solar's CTO recently left the firm, according to sources and his LinkedIn profile. ...
