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GreenVolts Wins Accolades at Fifth Annual Energy and Clean Technology Venture Forum
Company's Ability to Deliver Solar Power at Fossil Fuel Costs Makes It One of the Most Promising Energy Technology Companies as Named by the Rice Alliance
| Source: GreenVolts
SAN FRANCISCO, CA--(Marketwire - October 9, 2007) - GreenVolts
(www.greenvolts.com), a leader in high concentration
photovoltaic technology and wholesale distributed energy,
today announced that it was named one of the Most Promising
Energy Technology Companies by the Rice Alliance at the
Fifth Annual Energy and Clean Technology Venture Forum.
GreenVolts was selected from more than 50 participating
companies based on the commercial potential of its
proprietary technology and the impact its technologies is
expected to have on the energy industry.
GreenVolts delivers solar power at fossil fuel costs. The
company's breakthrough concentrator photovoltaic (CPV)
technology efficiently integrates tracking and optics into a
system that dramatically lowers energy cost. Through low
cost and high efficiency GreenVolts can access large markets
previously inaccessible to solar power.
"We are thrilled to be recognized by the Rice Alliance and
are pleased to be a part of their great event," said Bob
Cart, founder and CEO of GreenVolts. "Our technology and
complete systems design allow us to change the economics of
solar by competing in unsubsidized markets at peak fossil
fuel cost."
GreenVolts' CarouSol system is a two-axis sun-tracking
platform onto which an array of power units is placed. These
power units concentrate 625 suns of energy onto high
efficiency photovoltaic cells. The optical and tracking
systems were designed together as one system in order to
provide the necessary increase in performance.
GreenVolts targets the one-to-twenty megawatt near load,
daytime peak power market, which includes utilities and
large commercial, industrial, and municipal consumers.
GreenVolts recently signed a power purchase agreement with
Pacific Gas & Electric Company for a two megawatt CPV power
plant that, when completed, will be the largest in the
world.
About GreenVolts
GreenVolts, Inc., based in San Francisco, was founded in
2005 to deliver solar power at costs competitive with that
derived from fossil fuels. The company's breakthrough high
concentration photovoltaic technology efficiently integrates
tracking and optics into a system that dramatically lowers
energy cost. Through low cost and high efficiency the
Company can access large markets previously inaccessible to
solar. GreenVolts changes the economics of solar energy.