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Solyndra
AddedFeb 13, 2024
UpdatedJun 18, 2026
Solyndra

Solyndra

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Solyndra, a US-based innovator in cylindrical CIGS thin film solar cells, struggled against conventional manufacturers.

HQ
Fremont, CA, US
Founded
2005
Overview
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Fundraising
Employees
News
Website

Solyndra, founded in 2005 by Christian Gronet, was a pioneering American manufacturer of cylindrical copper indium gallium selenide (CIGS) thin film solar cells based in Fremont, California. The company's core mission was to revolutionize the solar energy sector with its unique cylindrical solar panel design, which aimed to capture more sunlight and be more efficient than traditional flat panels. Despite its innovative approach and initial market focus on sustainable energy solutions, Solyndra struggled to compete with conventional crystalline silicon solar panel manufacturers.

Notable figures associated with Solyndra included CEO Brian Harrison and CFO Bill Stover. The company attracted significant investment from entities such as the George Kaiser Family Foundation, U.S. Venture Partners, and Virgin Green Fund. A major milestone was the $535 million loan guarantee from the Obama administration in 2009. However, despite achieving revenues of $100 million in 2009 and $140 million in 2010, Solyndra filed for bankruptcy in 2011 due to its inability to compete effectively in the market. The company's rise and fall had a significant impact on discussions around government funding and the viability of green technology startups.

Solyndra - Quick Facts

When was Solyndra founded?

Solyndra was founded in 2005.

Where is Solyndra's headquarters located?

Solyndra's headquarters is located in Fremont, CA, US.

When was Solyndra's last funding round?

Solyndra's most recent funding round was for $10.7M (USD) in June 2011.

How much has Solyndra raised to-date?

As of Jun 16, 2011, Solyndra has raised a total of $1.6B (USD).

Solyndra - Classification

Ownership
  • Private Equity
  • Venture Capital
Technology
  • Cleantech
Geographic Exposure
  • United States
Revenue
  • Transactional
Main Product
  • Solar Panels
Tags
  • Hardware
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221100Electric Power Generation, Transmission and Distribution
  • 221110Electric Power Generation
  • 221114Solar Electric Power Generation
SIC
  • 3674Semiconductors And Related Devices
  • 3600Electronic And Other Electrical Equipment And Components, Except Computer
  • 3670Electronic Components And Accessories
ISIC
  • 2610Manufacture of electronic components and boards
Show 12 more industry codes
NAICS
  • 334400Semiconductor and Other Electronic Component Manufacturing
  • 334413Semiconductor and Related Device Manufacturing
  • 330000Manufacturing
  • 334000Computer and Electronic Product Manufacturing
  • 334410Semiconductor and Other Electronic Component Manufacturing
SIC
  • 1300Oil And Gas Extraction
  • 1380Oil And Gas Field Services
  • 1382Oil And Gas Field Exploration Services
  • 4900Electric, Gas, And Sanitary Services
  • 4910Electric Services
  • 4911Electric Services
  • 4000Railroad Transportation