Sulfurcell, a Germany-based developer of solar panel modules, has been renamed Soltecture four months after raising €18.8m ($26m).
In January, Intel Capital, the corporate venturing unit of US-listed semiconductor company Intel, led the investment in Sulfurcell.
The other members of the investment consortium are European power utilities Vattenfall Europe (formerly known as Bewag) and GdF Suez, Abu Dhabi state-backed Masdar Clean Tech Investments and venture capital firms Ventegis Capital, IBB Beteiligungsgesellschaft, Climate Change Capital Private Equity, BankInvest Group, Zouk Ventures, Conetwork Erneuerbare Energien and Demeter.
Intel Capital had previously led and invested €24m in Sulfurcell’s previous €85m round that closed in July 2008. The earlier consortium had seen Vattenfall and GdF invest together through the BEU Berliner Energie Umweltfonds corporate venturing joint venture.
In 2001, Sulfurcell was founded as a spin-off from the Helmholtz Centre for Materials and Energy, previously known as the Hahn-Meitner Institute.