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FAYETTEVILLE, Ark. – Picasolar Inc., a solar start-up company affiliated with the University of Arkansas, recently raised $1.2 million in equity investments.
The investment funds came on top of funding through a prestigious SunShot Award by the U.S. Department of Energy.
“These investments are crucial toward helping Picasolar grow as a company,” said Douglas Hutchings, Picasolar’s chief executive officer. “Some of these investors had never invested in an Arkansas company. Our patent-pending technology could save an average-sized solar panel manufacturer $120 million annually, making the panels, and solar energy, more affordable for consumers.” Full article
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