According to filings with the U.S. Securities and Exchange Commission, Solestial is raising up to $21,908,061.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Stanislau Herasimenka played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Solestial
Solestial, Inc. is the solar energy company for space. Our breakthrough technology is a silicon solar cell engineered for space to self-cure radiation damage under sunlight at temperatures as low as 65C. Solestial solar cells are packaged in a flexible solar power module engineered to withstand up to 10 years in a variety of destinations in space. Our flexible solar power modules can be produced on automated machines resulting in costs 90% lower than incumbent III-V solar products. Solestials innovative technology represents a paradigm shift for space solar; an affordable, durable, scalable solution to power development in space. Solestial is a US company based in Tempe, Arizona. Today, there is a demand for 100 MW of solar for space over the next 5 years, but existing space solar products are extremely expensive and very slow to manufacture. With todays products, 100 MW of space solar will cost more than $60B and take more than 10 years to manufacture. Solestial is solving this problem with space optimized silicon that offer both high efficiency and low cost in a flexible solar power module. Join us as we disrupt the space solar industry! .

To learn more about Solestial, visit http://solestial.com/
Solestial Linkedin Page: https://www.linkedin.com/company/solestial/

Contact:
Stanislau Herasimenka, Chief Executive Officer
602-341-5380
https://www.linkedin.com/in/stan-herasimenka-5932561b/

SOURCE: http://www.intelligence360.io
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