Prism Solar Concludes Funding Round

Prism Solar Technologies Inc. of Highland, N.Y., has completed a financing round of more than $4.4 million. With the funding, it expects to bolster its holographic film and bifacial photovoltaic module pilot manufacturing capacity up to 3 MW in 2012. The company produces solar modules based on holographic optics to increase kilowatt-hour output. Randy Stewart, CEO and president, said Prism Solar has met key milestones in technology and manufacturing, providing investors with the confidence to fund the operations and growth needed in the coming year as its holographic solar product is commercialized.