|Updated: 12/8/2005; 8:53:58 AM.
Renewables, fuel cells, hydrogen, and efficiency
Sunday, November 06, 2005
Energy Innovations raises $16.5m:
Lead investor: Mohr Davidow Ventures, June 2005
. "Energy Innovations is developing a new low-cost rooftop solar system, called the Sunflower. Each Sunflower module is composed of an array of mirrors that track the sun throughout the day and year, concentrating its light onto a small panel of PV cells that generate electricity. By replacing large amounts of very expensive, silicon-based PV cells with inexpensive mirrors, Energy Innovations expects to drive down the cost of solar electricity by half or more.
The company is currently testing the Sunflower on its own roof in Pasadena and will soon be rolling out additional test units to sites in different climate zones. Following Underwriters Laboratory certification later this year, EI Solutions will begin installing Sunflower systems on customer rooftops in the fourth quarter. The system is designed to meet the electrical needs of grid-tied, flat-roofed commercial, government and other institutional buildings, the fastest-growing segment of the solar market. " 11:35:36 PM
Copyright 2005 © Ken Novak.
Last update: 12/8/2005; 8:53:58 AM.