CEFC (Clean Energy Finance Corporation) leads the investment with a 7 million US dollars capital injection. Other participating investors include SoftBank China Venture Capital, Southern Cross Venture Partners and the company’s founder Zhengrong Shi.
Sunman's first-to-market technology will expand the existing solar market by targeting commercial and industrial roofs that are not structurally sound to accommodate glass panels. As CEFC CEO Ian Learmoth said, "the lighter weight of (eArc) panels means solar can be extended across existing (…) structures that are not strong enough to support heavier glass panels."
See also: Innovative solar-powered water desalination system
In the long run, Sunman sees eArc as a core enabling technology that will expand the applications of solar, transforming building materials, transportation and robotics. Founder Dr Shi classifies this new wave of applications under the term ‘PV Plus’. (mfo)
