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The Energy Innovations team at the christening of its new 60,000 square-foot design and manufacturing center.
The Energy Innovations mission is to deliver cost effective, grid-competitive solar electric power.
Our immediate goal is to reduce the payback time for a solar power system so that it becomes a sensible and logical investment to electricity users around the world, whether they are grid-connected or not. Our strategy is to exceed the cost-effectiveness of existing photovoltaic-based systems through innovations in both the collection of solar energy and the generation of electric power from it.
To execute this strategy, we have developed a compact tracking system to concentrate solar energy and a customized photovoltaic cell designed to work efficiently under concentrated sunlight. Our first product is a fully-integrated HCPV system which we are testing extensively to ensure long life, reliability and ease of installation. One generation of the Sunflower® has received UL Listing and subsequent generations will be held to the same standard. Once these characteristics are achieved, we will release the product to the US commercial and institutional market. Following successful domestic deployment, we will expand to markets outside the US.
Idealab, the Pasadena, California based technology incubator, has assembled a world-class team of design and engineering talent to bring this vision to reality. This group of professionals, headed by Joe Budano, CEO, represents a blend of talents from the academic, research and business worlds. The funds required to date for the conceptual design, fabrication and other development efforts have been provided by Idealab, MDV-Mohr Davidow Ventures and private investors.
RayTracker, a manufacturer of solar trackers, was spun out of Energy Innovations in March 2009.
Our immediate goal is to reduce the payback time for a solar power system so that it becomes a sensible and logical investment to electricity users around the world, whether they are grid-connected or not. Our strategy is to exceed the cost-effectiveness of existing photovoltaic-based systems through innovations in both the collection of solar energy and the generation of electric power from it.
To execute this strategy, we have developed a compact tracking system to concentrate solar energy and a customized photovoltaic cell designed to work efficiently under concentrated sunlight. Our first product is a fully-integrated HCPV system which we are testing extensively to ensure long life, reliability and ease of installation. One generation of the Sunflower® has received UL Listing and subsequent generations will be held to the same standard. Once these characteristics are achieved, we will release the product to the US commercial and institutional market. Following successful domestic deployment, we will expand to markets outside the US.
Idealab, the Pasadena, California based technology incubator, has assembled a world-class team of design and engineering talent to bring this vision to reality. This group of professionals, headed by Joe Budano, CEO, represents a blend of talents from the academic, research and business worlds. The funds required to date for the conceptual design, fabrication and other development efforts have been provided by Idealab, MDV-Mohr Davidow Ventures and private investors.
RayTracker, a manufacturer of solar trackers, was spun out of Energy Innovations in March 2009.
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