Nanosolar recently closed on a $70 million round of VC funding to scale and improve its factory in San Jose. The solar printing firm focuses on providing panels for utility-scale projects. Greentech Media reports:
The firm has suggested that it will ship megawatts measuring in the "triple digits" in 2012. Cell production capacity was to be 115 megawatts at the end of 2011, and the next step jumps the firm to 250 megawatts of cell capacity at the San Jose facility. Panel assembly is performed at Nanosolar's factory in Luckenwalde, Germany.