Infinia Corp., which is using Stirling Engines to convert the sun's rays into electricity, has raised $14 million in debt financing, according to a filing with the SEC. The offering -- part of a $50 million capital raise -- follows a massive $50 million venture round from investors such as Vulcan Capital, Khosla Ventures, Power Play Energy and others last year.
Executives at Infinia, based in Kennewick, Washington, could not be reached. Last February, the company said it had planned to have its first solar dishes in production by the end of 2008.
It was also working on deals at the time to create solar facilities that generated from 10 Megawatts to 150 Megawatts, with CFO Gregg Clevenger saying that the company could employ as many as 800 workers by 2013.
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