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Xunlight 2014-04-25T21:37:54Z http://www.xunlight.com/feed/atom/ WordPress admin <![CDATA[Xunlight introduces go-anywhere power]]> http://www.xunlight.com/?p=1968 2012-11-07T14:10:11Z 2012-06-28T17:11:06Z Warning: Missing argument 2 for wpdb::prepare(), called in /home/xunlight/public_html/wp-content/plugins/category-icons/category_icons.php on line 1338 and defined in /home/xunlight/public_html/wp-includes/wp-db.php on line 992


Xunlight introduces go-anywhere power Official calls design ideal for military in remote areas BY KRIS TURNER BLADE BUSINESS WRITER A black bag stood upright in the middle of the floor Thursday at Xunlight Corp. Although it looked like nothing more than a tent in a carrying case, a group of military contractors and suppliers eagerly […]

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Xunlight introduces go-anywhere power
Official calls design ideal for military in remote areas

BY KRIS TURNER
BLADE BUSINESS WRITER

A black bag stood upright in the middle of the floor Thursday at Xunlight Corp.

Although it looked like nothing more than a tent in a carrying case, a group of military contractors and suppliers eagerly waited to see its contents. In a matter of 30 seconds, Xunlight employees removed the bag and let the four flexible solar panels inside roll across the floor of their Nebraska Avenue facility.

The “power in a bag” concept is just one avenue Xunlight executives are pursuing as they try to ride out the turbulence in the solar industry.

Xunlight is trying to redefine its place in the market by finding practical applications for its technology.

The solar panels contained in the bag can be secured to the ground with stakes or fastened to another object through eyelets.

Dennis Kebrdle, Xunlight’s chief transition officer, said the design is ideal for military personnel in remote locations who need power.

“It’s not just for rooftops any more,” Mr. Kebrdle said.

Xunlight’s bread and butter is its flexible solar panels, which executives are trying to market to campers, boaters, the military, and developing nations.

The company recently landed a contract with a major battery manufacturer and is producing small panels to power lanterns. Xunlight executives said they aren’t ready to formally announce the partnership.

“You can take power anywhere with you and not be trapped,” Mr. Kebrdle said.

Some, like the panels being produced for the battery manufacturer, are no heavier than a one-subject notebook.

The company also is essentially franchising its technology, although executives said that for legal reasons they refrain from using that term.

Brad Mohring, Xunlight’s director of engineering, said the company is touting machinery that would allow a customer to tie solar cells together, laminate them, and cut away excess material to produce a solar panel.

The automated machine would retail for about $1.5 million, plus royalty fees. Officials say there has been interest in the idea, but no buyers yet.

Customers could buy Xunlight-manufactured cells and then create different-sized panels based upon their needs, Mr. Mohring said. Xunlight also would be open to selling more of its machinery if customers wished to manufacture their own solar cells, he said.

Customers from Africa and other parts of the world have shown interest in that product, Mr. Mohring said.

Xunlight was born from research conducted at the University of Toledo and was founded by Xunming Deng, who stepped down as chief executive officer in March. Since then, Mr. Kebrdle has been rebranding the company in the hope of changing the focus from research to sales.

Part of that initiative includes paying back $4 million from the Ohio Air Quality Development Authority and $4 million from the Ohio Enterprise Bond Fund. The company received a deferment for one year from the authority and has made good on its bond payments, state officials confirmed.

In addition to the loans, the Ohio Department of Development awarded the company a job-creation tax credit of 55 percent for seven years, $291,500 for two work-training grants, and three Ohio Third Frontier grants in the amount of $6,969,848.

Xunlight’s investors and the state are on board with the company’s plan and everything is falling into place, said John Buckey, the firm’s vice president of business development.

“We’ve had success all the way from golf-cart chargers to solar lanterns that will be distributed throughout the world,” he said.

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admin <![CDATA[Xunlight Awarded Key Patent, Lowers Barriers to Local Manufacture of Flexible Solar Modules]]> http://www.xunlight.com/?p=1946 2012-05-31T00:16:04Z 2012-05-30T23:55:20Z Home EventsHome Media
Xunlight Awarded Key Patent, Lowers Barriers to Local Manufacture of Flexible Solar Modules Toledo, Ohio – May 30, 2012 Xunlight Corporation, a leader in the design, development and manufacture of flexible and lightweight thin-film silicon solar modules and production equipment, announced today that it has been granted US utility patent “AN ISOLATION CHAMBER AND METHOD […]

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Home Media

Xunlight Awarded Key Patent, Lowers Barriers to Local Manufacture of Flexible Solar Modules

Toledo, Ohio – May 30, 2012

Xunlight Corporation, a leader in the design, development and manufacture of flexible and lightweight thin-film silicon solar modules and production equipment, announced today that it has been granted US utility patent “AN ISOLATION CHAMBER AND METHOD OF USING THE ISOLATION CHAMBER TO MAKE SOLAR CELL MATERIAL” by USPTO on May 08, 2012. This patent protects the Gen II roll-to-roll thin film silicon solar cell manufacturing machines now being offered by Xunlight, and is a key addition to Xunlight’s IP portfolio. Xunlight’s equipment combines four roll-to-roll processes into a single vacuum machine (substrate cleaning, back-reflector deposition, PECVD thin film silicon deposition, ITO sputter deposition), and offers several advantages:

  • 15mw to 35 mw turnkey plant producing iec/ul qualified flexible lightweight pv products
  • a single machine produces flexible, multi-junction, thin film silicon solar cells on 36” wide, 8000 foot long rolls of 5 mil thick stainless steel substrate at low cost with high yields
  • semiautomatic pv module assembly line using robots
  • low-cost high throughput lamination line
  • low-cost testing equipment
  • low capital investment

Xunlight corporation’s equipment division offers many manufacturing solutions to enable its customers to produce UL and IEC certified solar modules. Entrepreneurs will like the highly flexible module manufacturing equipment which is capable of producing a wide array of finished solar modules. With minimal capital investment and low overhead required to start production, there has never been an easier opportunity to start producing your own pv modules.

Local, state and federal governments and development agencies will enjoy the scalability Xunlight’s equipment offerings can bring to them. we can provide a module assembly line that can be used to process Xunlight-supplied flexible solar cells into finished modules that qualify for locally made status. With this in place, Xunlight can supply a complete 15 mw/yr turnkey factory to process raw materials to into flexible multi-junction solar cells using a roll-to-roll process, ensuring a local supply of this technology-intensive upstream component. This scalable, three-step approach is expected to allow manufacture of 15 MW/yr of flexible multi-junction solar modules with just a $1.5 million equipment investment, starting from finished and tested cells supplied by Xunlight.

 

  • For more information, please contact:
    Dr. Masat Izu
    CTO, Senior VP
    Xunlight Corporation
    Ph: +1-248-792-1850
    mizu@xunlight.com

 

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admin <![CDATA[Installation of XR36 modules at Ohio Air National Guard complete.]]> http://www.xunlight.com/?p=1757 2011-08-08T21:06:45Z 2011-08-08T21:06:02Z
March 2011: An installation consisting of 72 XR36-291 modules, totaling approximately 21 kWp DC has been completed on a building at the Ohio Air National Guard's 180th Fighter Wing.

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March 2011: An installation consisting of 72 XR36-291 modules, totaling approximately 21 kWp DC has been completed on a building at the Ohio Air National Guard’s 180th Fighter Wing. Once preparation was completed, it took about 90 seconds to install each XR36 module. A photo of the installation can be seen on this page.

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admin <![CDATA[Xunlight Receives IEC 61646 and 61730 Certification for its Flexible PV Modules]]> http://www.xunlight.com/?p=1470 2011-08-08T20:08:50Z 2011-01-07T19:22:52Z
Xunlight Receives IEC 61646 and 61730 Certification for its Flexible PV Modules

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January 7, 2011

Xunlight Receives IEC 61646 and 61730 Certification for its Flexible PV Modules

Toledo, Ohio – January 7, 2011 – Xunlight Corporation, a leader in the design, development and manufacture of flexible and lightweight thin-film silicon solar modules, announced today that it has received certification under the requirements of IEC 61646 and 61730 standards. This certificate was granted after rigorous testing by TÜV InterCert GROUP, an independent certification organization, and confirms that Xunlight’s flexible and lightweight solar module technology meets the guidelines set forth by the International Electrotechnical Commission (IEC) for safety, quality and performance assurance.

With this certification, Xunlight is now part of a very small group of flexible solar module manufacturers eligible to sell into the European marketplace. Five of the company’s products with wattages up to 307 watts per module and use in systems up to 1000 Volt DC, have been approved. The certified modules include those with widths of both 91 cm and 48 cm wide, and a total length up to 5.5 meters long. The new certifications are an important complement to Xunlight’s existing UL 1703 standard certifications for the North American market.

These IEC 61646/61730 and UL1703 certified products are produced using Xunlight’s 25MW roll-to-roll solar cell production line and are available in high volume. Xunlight currently has a European sales backlog of close to $60 million, and this certification allows the company to deliver initial quantities to its European partners for installation on commercial rooftops and other applications.

“This is major milestone in Xunlight’s efforts to become a world-leading producer of low-cost, highpowered flexible and lightweight solar modules,” said Xunming Deng, Xunlight’s President and CEO. “I am also happy to announce that we have made our first shipment today of IEC certified product to a European customer.”

About Xunlight Corporation
Xunlight Corporation develops, manufactures, and markets lightweight and flexible photovoltaic modules that convert sunlight into electricity. Xunlight has received over $43 million of institutional investments from Emerald Technology Ventures, Trident Capital, NGP Energy Technology Partners, and Rabo Ventures. The Company has also received over $13 million of R&D funding from the US Department of Energy, US Department of Commerce and Ohio Department of Development (ODOD) and $14 million in loans from the State and local agencies to develop its products and manufacturing process. Xunlight has been featured on Newsweek, Wall Street Journal, CNN, FOX News, The New York Times, the Associated Press, ABC World News, and The Economist. The company is headquartered in Toledo, Ohio. For additional information, visit www.xunlight.com.

TÜV InterCert GROUP
Established in Milan, Italy in 2003, TÜV InterCert GROUP is an independent Certification Body for systems and products which springs from the desire to support companies and organizations in obtaining certification that guarantees attention to the quality, efficiency and safety, for the goods and services offered and the management system employed. InterCert has offices in Italy where it is now present in Reggio Emilia, Parma, Turin, Verona, Rome, Bari, Naples, Cagliari and Catania, and abroad where it can boast offices in Istanbul (Turkey) since its establishment, Barcelona (Spain) since 2004, Abu Dhabi (United Arab Emirates) since 2005, Korea, China and Japan since 2006, and Tehran (Iran) and Athens (Greece) since 2007 and in Canada since 2009.

For more information, please contact:
Todd Armstrong
Business Assistant to the CEO
Xunlight Corporation
Ph: (419) 469-8622
tarmstrong@xunlight.com

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admin <![CDATA[Xunlight PV Modules Power Times Square Billboard]]> http://www.xunlight.com/?p=1445 2010-06-17T19:57:56Z 2010-06-17T19:32:29Z
Xunlight Corporation announced today that its flexible solar panels are now being used to power the first 100% solar powered billboard in New York City’s Times Square.

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Xunlight PV Modules Power Times Square Billboard

Toledo, OH and New York, NY – June 8, 2010 – Xunlight Corporation, a leader in the development and manufacture of thin-film silicon solar modules, announced today that its flexible solar panels are now being used to power the first 100% solar powered billboard in New York City’s Times Square. The Ricoh Eco Board, located at the northwest corner of 7th Avenue and 42nd Street in New York, is powered by 24 Xunlight XR36 thin-film silicon photovoltaic modules and other solar panels. These products incorporate Xunlight’s triple-junction thin-film silicon solar cells produced using its proprietary high speed 25MW wide-web, roll-to-roll PV manufacturing equipment. Xunlight worked with Ricoh Americas Corporation, Takara Media, Cooley Group, and Lamar Advertising on this Ricoh Eco Board project.

“We are very pleased to have our flexible and lightweight PV modules incorporated into this innovative outdoor advertising application. This project highlights the flexibility of lightweight solar systems for a variety of markets and applications.” said Dr. Xunming Deng, President and CEO of Xunlight. Dr. Deng will join officials from Ricoh Company, Ltd., Ricoh Americas, Cooley Group, and the City of New York at 5:30pm today (June 8, 2010) at a special ceremony in New York City’s Times Square to celebrate the completion of this solar powered billboard project.

Xunlight recently received certification for its flexible and lightweight photovoltaic modules under the ANSI/UL1703 standard for North American markets. ETL certification was granted following rigorous testing by Intertek, an independent product safety certification organization. A recent survey of available products in the solar market shows that with this certification, Xunlight has become one of very few PV module manufacturers today having flexible PV products certified to ANSI/UL1703 standards.

In addition to this solar powered billboard project, Xunlight has recently completed the production of solar modules for a 50KW system to be installed at the I-280 right-of-ways to power the lighting system for Toledo, Ohio’s Veterans’ Glass City Skyway, along with another 50KW system supplied by First Solar.

Several weeks ago, Xunlight also participated in a ProLogis rooftop PV testing site which has installed solar modules from eight different module manufacturers: Ascent Solar, First Solar, GS-Solar, MiaSole, Solyndra, Suniva, Uni-Solar and Xunlight. The initial configuration provides side-by-side comparisons of several module technologies, including monocrystalline, glass-on-glass thin film and membrane-applied thin film modules.

To expand its applications, Xunlight has, during the past year, executed three long-term module supply agreements with a total purchase price of $86 million. One of the three contracts is with a US-based PV system integrator while the other two are with European customers.

Later this week, Xunlight will showcase its flexible and lightweight PV modules from June 9 to 11 at InterSolar 2010, in Munich, Germany (Booth 131 in Hall B6).

About Xunlight Corporation
Xunlight Corporation engages in the development, manufacture, and marketing of lightweight and flexible photovoltaic modules that convert sunlight into electricity. Xunlight has received over $40 million of institutional investments from Emerald Technology Ventures, Trident Capital, NGP Energy Technology Partners, and Rabo Ventures. Xunlight has been featured on Newsweek, Wall Street Journal, CNN, FOX News, The New York Times, the Associated Press, ABC World News, and The Economist. The company is headquartered in a 122,000 sqft manufacturing facility in Toledo, Ohio. For additional information, visit www.xunlight.com.

For more information, please contact:
Todd Armstrong
Business Assistant to the CEO
Xunlight Corporation
Ph: (419) 469-8622
tarmstrong@xunlight.com

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admin <![CDATA[Xunlight Receives Certification for Flexible PV Modules]]> http://www.xunlight.com/?p=1411 2010-04-29T13:21:21Z 2010-04-29T13:21:21Z
Xunlight Corporation announced today that it has received certification for its flexible and lightweight photovoltaic modules under the ANSI/UL 1703 standard for North American markets.

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April 27, 2010

Xunlight Receives Certification for Flexible PV Modules

Toledo, Ohio ­­– April 27, 2010 – Xunlight Corporation, a leader in the development and manufacture of thin-film silicon solar modules, announced today that it has received certification for its flexible and lightweight photovoltaic modules under the ANSI/UL 1703 standard for North American markets. This certification is applicable to Xunlight’s XR-series of flexible photovoltaic rooftop modules for a range of power outputs up to 264 watts per panel.

ETL certification was granted following rigorous testing by Intertek, an independent product safety certification organization. The product was tested to ANSI/UL 1703, the standard for Safety Flat-Plate Photovoltaic Modules and Panels. These certified products incorporate Xunlight’s triple-junction thin-film silicon solar cells produced using its proprietary high speed 25MW wide-web, roll-to-roll PV manufacturing equipment.

A recent survey of available products in the solar market shows that with this certification, Xunlight has become one of a very few PV module manufacturers today having flexible PV products certified to ANSI/UL 1703 standards.

“This certification marks a major milestone for Xunlight as it unlocks the entry of our flexible PV modules into the broader commercial markets,” said Xunming Deng, Xunlight’s President and CEO. “We are pleased to be able to offer our valued customers high-quality flexible PV products certified to the ANSI/UL 1703 standards.”

Details of the listing may be found by searching for “Xunlight” or “UL1703” in the ETL Listed Mark Directory available at http://intertek.com/directories/.

About Xunlight Corporation
Xunlight Corporation engages in the development, manufacture, and marketing of lightweight and flexible photovoltaic modules that convert sunlight into electricity. Xunlight has received over $40 million of institutional investments from Emerald Technology Ventures, Trident Capital, NGP Energy Technology Partners, and Rabo Ventures. The Company has also received over $13 million of R&D funding from the US Department of Energy, US Department of Commerce and Ohio Department of Development (ODOD) and $11 million in loans from the State of Ohio to develop its products and manufacturing process. Xunlight has been featured on Newsweek, Wall Street Journal, CNN, FOX News, The New York Times, the Associated Press, ABC World News, and The Economist. The company is headquartered in a 122,000 sqft manufacturing facility in Toledo, Ohio. For additional information, visit www.xunlight.com.

About Intertek
Intertek is a leading provider of quality and safety solutions serving a wide range of industries around the world. From auditing and inspection, to testing, quality assurance and certification, Intertek people are dedicated to adding value to customers’ products and processes, supporting their success in the global marketplace. Intertek has the expertise, resources and global reach to support its customers through its network of more than 1,000 laboratories and offices and over 24,000 people in more than 100 countries around the world.

For more information, please contact:

Todd Armstrong
Business Assistant to the CEO
Xunlight Corporation
Ph: (419) 469-8622
tarmstrong@xunlight.com

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admin <![CDATA[Xunlight Featured as One of America’s Most Promising Startups]]> http://www.xunlight.com/?p=1364 2011-08-08T20:25:35Z 2010-02-05T22:07:44Z
Xunming Deng and Liwei Xu left Nanchang, China, 25 years ago to begin graduate studies at the University of Chicago—Deng in physics and Xu, his wife, in chemistry. What they've accomplished since receiving their PhDs may be more exceptional: They've established a green-energy company in Toledo, Ohio, in the middle of America's struggling automotive manufacturing belt.

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January 26, 2010

A More Flexible Way to Harvest the Sun

By Michael Arndt

Xunlight
Xunming Deng and Liwei Xu

Xunming Deng and Liwei Xu left Nanchang, China, 25 years ago to begin graduate studies at the University of Chicago—Deng in physics and Xu, his wife, in chemistry. Though both had 10 years of English instruction and were outstanding students—each was awarded an all-expenses scholarship—neither had ever set foot in the U.S. before. What they’ve accomplished since receiving their PhDs may be more exceptional: They’ve established a green-energy company in Toledo, Ohio, in the middle of America’s struggling automotive manufacturing belt. Moreover, their solar-panel startup, Xunlight, is making products different from most others on the market. Conventional solar panels are rigid and relatively heavy. Xunlight’s are flexible and lightweight, which means they should be easier to install and could work in more settings. Deng, 46, and Xu, 45, founded their company in 2002, when both were professors at the University of Toledo. They licensed their technology, which they had helped develop, from the university. Xu then put her grant-writing skills to use to get money. She got $100,000 from the Small Business Innovation Research program in 2003, which allowed the couple to outfit an office and hire a couple of students. Since then, Xunlight has received $29.6 million more in government grants and loans and $42.5 million from venture capital funds in the U.S. and Europe. CEO Deng has invested much of that to equip a factory that can coat thin sheets of stainless steel with sunlight-capturing silicon film. The plant now has the annual capacity to make panels capable of generating 25 megawatts of electricity, enough for 25,000 homes. Xunlight, which is up to 110 employees, has sold gear for a few test sites, including a billboard in New York’s Times Square. Pending a seal of approval from Underwriters Laboratories, it could enter the commercial market by early April.

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admin <![CDATA[January 11, 2010 Xunlight Awarded $34.5 Million Tax Credit]]> http://www.xunlight.com/?p=1352 2010-01-11T22:22:13Z 2010-01-11T22:22:13Z
January 11, 2010 Xunlight Awarded $34.5 Million Tax Credit Toledo, Ohio – January 11, 2010 – Xunlight Corporation, a leader in the design, development and manufacture of flexible and lightweight thin-film silicon solar modules, announced today that it has been awarded a $34.5 million tax credit as part of the U.S. Recovery Act. This Advanced […]

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January 11, 2010

Xunlight Awarded $34.5 Million Tax Credit

Toledo, Ohio – January 11, 2010 – Xunlight Corporation, a leader in the design, development and manufacture of flexible and lightweight thin-film silicon solar modules, announced today that it has been awarded a $34.5 million tax credit as part of the U.S. Recovery Act. This Advanced Energy Manufacturing Tax Credit, awarded through partnership with the United States Department of Treasury and Department of Energy, was designed to encourage taxpayers to re-equip, expand or establish manufacturing facilities for the production of certain energy related property. As an innovative manufacturer of advanced thin-film solar modules and module manufacturing equipment, Xunlight Corporation is a qualified recipient of the clean energy manufacturing tax credit.

The tax credits were awarded based upon a number of criteria, including commercial viability, job creation, technological innovation, speed to completion and environmental factors. In 2009, Xunlight completed the installation of its first 25MW roll-to-roll PECVD solar cell production equipment and has outlined a detailed plan to expand its production capacity to 100MW over the next several years. This Advanced Energy Manufacturing Tax Credit will be an integral piece in helping the company achieve large scale commercialization in a cost effective manner.

“Xunlight would like to express its appreciation to the Department of Energy and the Department of Treasury for this manufacturing tax credit,” stated Dr. Xunming Deng, Chief Executive Officer of Xunlight Corporation. “It will provide tremendous financial assistance to the company as we embark on the next stage of our growth.”

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admin <![CDATA[October 26, 2009 Xunlight Appoints Chief Financial Officer]]> http://www.xunlight.com/?p=1339 2009-10-26T23:35:10Z 2009-10-26T23:35:10Z
October 26, 2009 Xunlight Appoints Chief Financial Officer Toledo, Ohio – October 26, 2009 – Xunlight Corporation, a leader in the development of low-cost and flexible thin-film silicon solar modules, today announced the appointment of David Swank as the Company’s Vice President and Chief Financial Officer. Mr. Swank joins Xunlight as a seasoned business professional […]

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October 26, 2009

Xunlight Appoints Chief Financial Officer

Toledo, Ohio – October 26, 2009 – Xunlight Corporation, a leader in the development of low-cost and flexible thin-film silicon solar modules, today announced the appointment of David Swank as the Company’s Vice President and Chief Financial Officer.

Mr. Swank joins Xunlight as a seasoned business professional with nearly 30 years of experience. Before joining Xunlight, Mr. Swank served as a member of the Board of Directors and Chief Financial Officer at Diomed Holdings, Inc., a publicly-traded developer of medical laser systems. Mr. Swank’s prior experience also includes Chief Financial Officer at Telxon Corporation, a publicly-traded global manufacturer of mobile computing systems; Regional Controller, Asia/Pacific at PepsiCo Foods International; and Audit Manager at Peat, Marwick, Mitchell & Company (currently KPMG), an international big four accounting firm.

“While we continue to build our company and our management team, we are fortunate to have David join us as our CFO to help position Xunlight to become a large-scale solar module manufacturer”, said Xunming Deng, Xunlight’s President and CEO. “David’s experience in both entrepreneurial and Fortune 50 companies will be extremely important to establish a strong financial foundation to support our future growth.”

During his career, Mr. Swank has raised over $150 million in both public and private transactions and participated in numerous M&A transactions from $10 million to over $1.3 billion. Mr. Swank earned a BS in Business Administration in the honors accounting program at The Ohio State University and an MBA with a concentration in finance at Southern Methodist University.

“Xunlight is at a very exciting time in its development as it transitions from an R&D organization to a fully commercialized business,” added Mr. Swank. “Dr. Deng has put together a world class team to commercialize this cutting edge clean energy technology and I’m very pleased to be joining them.”

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admin <![CDATA[December 22, 2008 Xunlight Receives $7 Million Loan from the State of Ohio]]> http://www.xunlight.com/?p=1275 2009-10-08T23:17:41Z 2009-10-08T16:29:24Z
December 22, 2008 Xunlight Receives $7 Million Loan from the State of Ohio Toledo, Ohio – December 22, 2008 – Xunlight Corporation, a leader in the development of flexible and lightweight thin-film silicon solar modules, announced that it has received a $7 million loan from the State of Ohio, including $3 million from the Ohio […]

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December 22, 2008

Xunlight Receives $7 Million Loan from the State of Ohio

Toledo, Ohio – December 22, 2008 – Xunlight Corporation, a leader in the development of flexible and lightweight thin-film silicon solar modules, announced that it has received a $7 million loan from the State of Ohio, including $3 million from the Ohio Research and Development Investment Fund and $4 million from the Ohio Enterprise Bond Fund. The proceeds will be used to expedite the construction of a 25 megawatt photovoltaic production line in Toledo, Ohio to mass produce flexible thin-film solar cells.

“Xunlight is fortunate to be headquartered in a state where the top elected officials are committed to supporting the renewable energy industry and sustained job growth. Both Lt. Governor Fisher and Ohio Treasurer Cordray have visited Xunlight and shared with us their visions of Ohio’s future in solar manufacturing. Strong support like this is critical to Xunlight’s ability to attract institutional investments from leading venture capital and private equity firms all over the world”, said Xunming Deng, CEO of Xunlight. “This new loan will help us accelerate the build-up of our production capacity and create many high-paying jobs in the State of Ohio.”

“We believe the greatest opportunities for economic growth in Ohio lie where the strongholds of our inventive past intersect with the innovation and new technologies of our economic future,” said Lt. Governor Lee Fisher. “Xunlight is a great collaborative partner with the state and we are committed to their success by continuing to support advanced energy economic development programs in Ohio.”

“Small businesses with innovative vision like Xunlight are the engine of Ohio’s economy,” said Ohio Treasurer Richard Cordray. “It’s critical that we work to keep them here and encourage growth and development today, in order to secure a stronger Ohio tomorrow. The Enterprise Bond Fund is a perfect example of government working together to keep Ohio jobs here in Ohio. Issuing bonds for the Department of Development to fund visionary ventures like this, is a vital role for the Ohio Treasury.”

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