Magnolia Solar

What Magnolia Solar does

Magnolia Solar is a privately held thin-film solar cell technology developer founded in 2008 and headquartered in Woburn, Massachusetts. The company focuses on developing and commercializing nanostructured thin-film solar cell designs and materials. According to firmographic data, the company operates with 1-10 employees and is classified as a for-profit entity.

The company's research and development activities have historically been supported by grants from the New York State Energy Research and Development Authority (NYSERDA), with three disclosed funding rounds totaling approximately $2.0 million between 2009 and 2011. Beyond these grants, the company has not disclosed customers, pricing, distribution channels, partnerships, intellectual property holdings, or product commercialization milestones in any of the provided sources.

The company maintains a website at magnoliasolar.com; however, the site currently displays only a verification/loading page rather than substantive commercial content. Current operating status, ownership structure, and management beyond a single named executive (Yash Puri, Executive Vice President) are not publicly documented. This limited and dated public footprint, combined with the absence of any disclosed activity after the 2011 funding round, suggests the company has not progressed materially beyond an early-stage R&D posture.

Name

Magnolia Solar

Website

https://magnoliasolar.com

Company type

Private

Founded year

2008

Headcount range

1–10 employees

Short description

Magnolia Solar is a privately held developer of nanostructured thin-film solar cell technology, founded in 2008 in Woburn, Massachusetts, operating with 1-10 employees and historically funded by NYSERDA grants with no disclosed commercial customers.

Ownership category

akta.pro rank

Product category

Thin Film Photovoltaics

NAICS

Solar Electric Power Generation (221114), Research and Development in Nanotechnology (541713)

SIC

Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Next-Gen Photovoltaics R&D (Perovskite, Tandem, Organic, BIPV Materials) (EUAMAOAA)

akta.pro secondary industries

Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD), Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA)

Keywords

• Thin film photovoltaics
• Nanostructured solar cells
• Photovoltaic cell technology
• Solar energy R&D
• Nanostructured renewable materials

Headquarters

HQ city

Woburn

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations

Core offering

Magnolia Solar develops and commercializes thin film solar cell technology that employs nanostructured materials and designs. The work focuses on engineering nanoscale structures to enhance photovoltaic cell performance, targeting renewable energy and solar power applications. The company is in the pre-commercial / early-stage development phase.

Differentiator

Problem solved

Functional benefit

Products and services

• Thin film solar cell technology (nanostructured)

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights1 record

Broad incumbents

• First Solar: Largest Western thin-film (CdTe) PV manufacturer. Magnolia Solar targets the same broad thin-film PV cell technology category, though at a much earlier, R&D-focused stage and using nanostructured rather than CdTe approaches.
• Solar Frontier: Major CIS/CIGS thin-film PV module manufacturer (now restructuring). Operates in the same thin-film PV technology category Magnolia is researching.

Emerging players

• Tandem PV: Perovskite-silicon tandem PV startup. Operates in the next-generation tandem/efficient cell space that overlaps with Magnolia's stated nanostructured thin-film focus.
• Caelux (First Solar subsidiary): Acquired by First Solar to develop next-gen copper-plated perovskite/perovskite-silicon tandem cells. Comparable in R&D focus on novel thin-film cell architectures targeting tandem/efficiency gains.
• Nanosolar: Early developer of CIGS thin-film printable PV, also using nanotechnology-inspired materials approaches. Conceptually adjacent to Magnolia's nanostructured thin-film research positioning.
• Siva Power: U.S.-based CIGS thin-film solar developer aiming to scale low-cost manufacturing. Comparable as a U.S. thin-film PV technology developer with similar commercialization challenges to Magnolia.

Direct peers

• Oxford PV: Commercializing perovskite-on-silicon tandem solar cells, with overlap to Magnolia's nanostructured/next-gen thin-film PV research. Both target breakthrough cell-level efficiency via novel materials architectures.
• Heliatek: Develops organic-based thin-film solar films for building-integrated and surface-applied PV. Shares Magnolia's orientation toward novel, non-silicon thin-film cell architectures and emerging application niches.
• Ascent Solar Technologies: Public CIGS thin-film PV company focused on lightweight flexible modules for aerospace, defense, and portable power. Comparable in cell technology family and end-market focus to Magnolia's thin-film work.
• MiaSolé (Hanergy Solibro): CIGS thin-film PV module producer (now part of Hanergy's Solibro). Operates in the same CIGS/thin-film module space where Magnolia's nanostructured cell designs are positioned.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat2 records

Key risks5 records

Key highlights4 records

Customer concentration

• Xx.com/magnoliasolar
• Facebookfacebook.com/104057583003350
• LinkedInlinkedin.com/company/ecoark-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Magnolia Solar