Company Profile

Toledo Solar Inc
Profile last edited on: 5/3/2023      CAGE: 8GGB8      UEI: VH4MAKWCFP46

Business Identifier: CdTe Thin Cell Solar panels for homes, small businesses, and large power-generating facilities
Year Founded
2019
First Award
2020
Latest Award
2023
Program Status
Active
Popularity Index
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Location Information

1775 Progress Drive
Perrysburg, OH 43551
Location: Single
Congr. District: 05
County: Wood

Public Profile

It has been almost 7 decades since Bell Labs demonstrated the first photovoltaic solar cell and - only four years later - NASA launched solar panels into space. In collaboration with University of Toledo, in 1984, Solar Cells Inc commercialized thin-film Cadmium Telluride solar panels, later resulting in the formation of First Solar Inc (FSLR NASDAQ). Today, 40% of the domestic utility-scale PV solar market (expected to reach 60% in the next few years) is CdTe technology powered. In short, CdTe Solar PV modules have proven themselves to be the most robust, powerful, longest lasting solar technology. For what is the fisr time, Toledo Solar now brings this will-proven technology to the residential and commercial building markets and have brought to use condition next generation transparent CdTe solar films. Firm is also now developing high-output transparent windows for the building-integrated photovoltaics (BIPV) market, and high-output solar products for the electric vehicle automotive integrated photovoltaics (AIPV) market. It is not clear if the $8.8M award by DOE to Toledo Solar in 2023 is SBIR - an amount to work on production of See-Through Solar Windows as a near-term solution for Net Positive Buildings but .....

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
20-24
Revenue Range
2M-2.5M
VC funded?
Yes
Public/Private
Privately Held
Stock Info
----
IP Holdings
1-4

Awards Distribution by Agency

Most Recent SBIR Projects

Year Phase Agency Total Amount
2023 2 DOE $8,999,273
Project Title: Glass Enameled Steel for PV Module Encapsulation

Key People / Management

  Aaron Bates -- Co-Founder: Chairman & CEO

  Al Compaan -- CTO

  Lauren Doherty -- Vice President of Manufacturing

  Eric Euler -- Vice President of Engineering

  Glen Finkel -- Co-Founder

  Mark Hartel -- COO

  Kenneth Kormanyos

  Amit Munshi -- Chief Research & Development Officer

  Brian Patterson -- Vice President, Supply Chain

  Gerald Spina -- Head of Product Development

  Boone Waldvogel -- Manufacturing Engineer

Company News

There are no news available.