Applied Ventures

Applied Ventures is the venture arm of Applied Materials, a company providing nanomanufacturing technology solutions for electronics. It invests in early-stage technology companies with high growth potential and that align with Applied Materials' core capabilities. The unit seeks opportunities that advance or complement its parent’s expertise by developing technologies and markets that extend applications for semiconductors, displays, solar PV, and related products. Its focus includes advanced materials, display technologies, energy conservation and storage, artificial intelligence and big data, life sciences, data storage, software, sustainability, and conservation sectors, aiming to back innovations that integrate with or extend Applied Materials' offerings and support the broader electronics ecosystem.

Blair Georgakas

Investment Manager

Anand Kamannavar

Vice President and Global Head

Steven Konsek Ph.D

Investment Director

Frank Lee

Senior Investment Director

Brad McManus

Senior Investment Director

Past deals in Solar Energy

Leading Edge Equipment Technologies

Series A in 2020
Founded in 2008, this company specializes in manufacturing equipment for solar panel production. Its core technology, the floating silicon method, enhances wafer efficiency, reduces manufacturing costs and emissions.

Persimmon Technologies

Series B in 2014
Founded in 2010, Persimmon Technologies specializes in developing, manufacturing, and distributing advanced vacuum robotics for various industries including semiconductor, LED, OLED, solar, and flat panel display equipment markets. Headquartered in Wakefield, Massachusetts.

Iosil Energy

Private Equity Round in 2012
Iosil Energy Corporation, founded in 2007 and based in Groveport, Ohio, specializes in the production and marketing of high-purity solar grade polysilicon, a crucial raw material for solar cells. The company efficiently leverages waste materials, specifically the byproducts generated from wafer sawing operations, to manufacture its polysilicon. This innovative approach not only reduces costs but also minimizes energy consumption and equipment requirements during production. In addition to its manufacturing capabilities, Iosil Energy's research and development facilities, located at the National Institute for Nanotechnology in Edmonton, Alberta, focus on improving purification technologies for silicon, contributing to the advancement of sustainable energy solutions.

Semprius

Series C in 2011
Semprius, Inc. is a company based in Durham, North Carolina, specializing in the design, development, and manufacture of high concentration photovoltaic (HCPV) solar modules. Founded in 2005, Semprius focuses on creating low-cost, high-performance solar solutions that are particularly effective in sunny and dry climates. The company's innovative micro-transfer printing technology allows for the production of highly efficient and reliable CPV modules, which are suitable for utility, commercial, industrial, and government applications. Additionally, Semprius licenses its micro-transfer printing technology for various non-solar applications, enabling the development of lightweight and thin products such as flat-panel displays, flexible electronics, and large-area sensors. This technology facilitates the integration of high-performance semiconductors across diverse platforms, enhancing the usability and accessibility of solar energy.

BT Imaging

Series A in 2010
BT Imaging specializes in the manufacture of luminescence-based inspection systems for the photovoltaic industry. Its products are designed to enhance quality control and improve yields during the production of silicon blocks, wafers, cells, and modules.

Enphase Energy

Venture Round in 2010
Enphase Energy designs, manufactures, and sells home energy solutions for the global solar photovoltaic industry. It specializes in semiconductor-based microinverters that convert energy at the individual solar module level, combining with proprietary networking and software technologies to provide energy monitoring and control services. The company offers AC battery storage systems, Envoy communications gateway, Enlighten cloud-based monitoring service, and other accessories. Its solutions are sold directly to solar distributors, installers, strategic partners, and homeowners, empowering them to create zero-energy footprints.

Semprius

Series B in 2009
Semprius, Inc. is a company based in Durham, North Carolina, specializing in the design, development, and manufacture of high concentration photovoltaic (HCPV) solar modules. Founded in 2005, Semprius focuses on creating low-cost, high-performance solar solutions that are particularly effective in sunny and dry climates. The company's innovative micro-transfer printing technology allows for the production of highly efficient and reliable CPV modules, which are suitable for utility, commercial, industrial, and government applications. Additionally, Semprius licenses its micro-transfer printing technology for various non-solar applications, enabling the development of lightweight and thin products such as flat-panel displays, flexible electronics, and large-area sensors. This technology facilitates the integration of high-performance semiconductors across diverse platforms, enhancing the usability and accessibility of solar energy.

Enphase Energy

Venture Round in 2009
Enphase Energy designs, manufactures, and sells home energy solutions for the global solar photovoltaic industry. It specializes in semiconductor-based microinverters that convert energy at the individual solar module level, combining with proprietary networking and software technologies to provide energy monitoring and control services. The company offers AC battery storage systems, Envoy communications gateway, Enlighten cloud-based monitoring service, and other accessories. Its solutions are sold directly to solar distributors, installers, strategic partners, and homeowners, empowering them to create zero-energy footprints.

Wakonda Technologies

Series A in 2008
Wakonda Technologies was founded in 2005 by Dr. Les Fritzemeier and Professor Ryne Raffaelle of the Rochester Institute of Technology. The company was established to exploit the intersection of their respective skills in metallurgical processing and advanced photovoltaic devices. Wakonda was started in Rochester NY and used the facilities at RIT, Cornell University and several government agencies to conduct proof of concept experiments. In 2008, the company moved to Massachusetts to accelerate product development and early commercialization. Wakonda has received several honors over its short history, winning the first ever Golden Horseshoe Business Challenge in upstate NY and being named the National Renewable Energy Laboratory's Entrepreneur of the Year in 2007.

SunEdison

Post in 2008
SunEdison is a global leader in renewable energy solutions, specializing in the development, financing, installation, ownership, and operation of solar power plants. They serve residential, commercial, government, and utility customers worldwide, providing tailored solar energy systems and flexible financing options.

SunEdison

Post in 2008
SunEdison is a global leader in renewable energy solutions, specializing in the development, financing, installation, ownership, and operation of solar power plants. They serve residential, commercial, government, and utility customers worldwide, providing tailored solar energy systems and flexible financing options.

Fat Spaniel Technologies

Series B in 2008
Founded in 2003, Fat Spaniel Technologies specializes in monitoring and reporting services for the renewable energy sector. The company serves a diverse clientele, including solar power producers, financiers, system integrators, and an increasing number of wind power companies. Fat Spaniel's solutions are designed to optimize energy output, reduce operational and maintenance costs, manage risk, and enhance return on investment for renewable energy projects. Additionally, the company offers lifecycle management services and features the Fat Spaniel Insight Manager, a web portal that facilitates the creation and sharing of energy data applications.

Plextronics

Venture Round in 2007
Plextronics is a company that specializes in printed electronics, particularly in the development of organic light-emitting diode (OLED) displays and lighting. The company focuses on innovative technologies involving conductive inks and associated processes, which are essential for the mass production of printed electronic devices. Additionally, Plextronics is involved in the development of active layer technology for organic solar cells and plastic circuitry. By advancing these technologies, Plextronics aims to reduce production costs and enhance the feasibility of integrating printed electronics into various applications.

Semprius

Series A in 2007
Semprius, Inc. is a company based in Durham, North Carolina, specializing in the design, development, and manufacture of high concentration photovoltaic (HCPV) solar modules. Founded in 2005, Semprius focuses on creating low-cost, high-performance solar solutions that are particularly effective in sunny and dry climates. The company's innovative micro-transfer printing technology allows for the production of highly efficient and reliable CPV modules, which are suitable for utility, commercial, industrial, and government applications. Additionally, Semprius licenses its micro-transfer printing technology for various non-solar applications, enabling the development of lightweight and thin products such as flat-panel displays, flexible electronics, and large-area sensors. This technology facilitates the integration of high-performance semiconductors across diverse platforms, enhancing the usability and accessibility of solar energy.

Solaicx

Series C in 2007
Solaicx is a manufacturer specializing in mono-crystalline silicon ingots and wafers, catering primarily to solar cell and module manufacturers within the photovoltaic industry. Founded in 2002 and headquartered in Santa Clara, California, Solaicx operates a production facility in Portland, Oregon. The company is also involved in designing and building production systems for crystal silicon wafers, which are essential for the development of solar silicon cells used in various photovoltaic applications.

Solaicx

Venture Round in 2006
Solaicx is a manufacturer specializing in mono-crystalline silicon ingots and wafers, catering primarily to solar cell and module manufacturers within the photovoltaic industry. Founded in 2002 and headquartered in Santa Clara, California, Solaicx operates a production facility in Portland, Oregon. The company is also involved in designing and building production systems for crystal silicon wafers, which are essential for the development of solar silicon cells used in various photovoltaic applications.
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