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GreenVolts named a Global Cleantech 100
Clean Technology Company
Recognized by the Guardian and Cleantech Group for high growth and high market impact
SAN FRANCISCO, CALIF. - September 09, 2009 - GreenVolts, a leader in the development and commercialization of concentrating photovoltaic (CPV) technology, today announced it has been named a Global Cleantech 100 company by Guardian News and Media and Cleantech Group™, LLC, providers of leading research, events and advisory services for the cleantech ecosystem.
The Global Cleantech 100 is the first ever list highlighting the most promising private clean technology companies around the world. Supported by the Carbon Trust, the Global Cleantech 100 recognises companies at the forefront of cleantech innovation offering solutions to some of the world’s most pressing environmental challenges.
“We are honored to be selected as a Global Cleantech 100 company and look forward to continuing to innovate and push the boundaries of concentrating photovoltaic technology as we work to drive down the cost of solar electricity generation below that of fossil fuel alternatives,” said Gary Beasley, President and CEO of GreenVolts.
GreenVolts received the award on the basis of a unique approach to concentrating photovoltaics that has been well received within the solar industry. GreenVolts holds a power purchase agreement with Pacific Gas & Electric for a two-megawatt pilot facility in Northern California. In addition, the company has raised $45 million in venture funds and recently announced an agreement with the National Renewable Energy Laboratory to co-develop a next generation solar cell.
“The first ever Global Cleantech 100 shines a spotlight on which companies and which technology areas the global innovation community is most excited about from a commercial standpoint,” said Richard Youngman, managing partner at Cleantech Group.
The final list represents the collective opinion of hundreds of leading experts from cleantech innovation and venture capital companies in EMEA, North America, India and China, combined with the specific input of an expert panel. The panel’s views were combined with insights from the Cleantech Network™, the de facto industry association of international clean technology investors, entrepreneurs, large corporations and other industry insiders. Some 3,500 companies were nominated/considered.
GreenVolts and other winners are being honored today at Cleantech Forum XXIII in Boston, 8-10 September 2009 (www.cleantech.com/bostonforum) and will be celebrated at Cleantech Forum XXIV in Delhi, 15-16 October 2009 (www.cleantech.com/delhiforum) and at the Guardian’s UK Cleantech Summit in London on 23 November 2009 (guardian.co.uk/cleantechsummit).
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 concentrating photovoltaic (CPV) solution is a state-of-the-art technology designed to achieve the highest solar-to-electricity conversion efficiency through an innovative integration of optics and solar tracking. Similar to central station power plants, GreenVolts’ technology enables a low levelized cost of energy, and yet it can be built close to load on the distribution grid, further increasing efficiency and reducing costs. GreenVolts’ low profile design and unparalleled energy density means that it uses less land to produce the same amount of power as other solar technologies and can thus be sited in or near urban centers. Through low cost, high efficiency systems, the company can access large markets previously inaccessible to utility scale solar. For more information about the company, please visit www.greenvolts.com.
About the Cleantech Group, LLC
The Cleantech Group pioneered the clean technology investment category in 2002. Today, it accelerates the development and market adoption of clean technologies globally. The company’s worldwide network of investors, entrepreneurs, enterprises, service providers and others—representing trillions of dollars in assets—receives access to capital, investment deal flow, networking, market leading research and data, sales leads and promotional opportunities. The Cleantech Group also provides advisory services for large corporations and governments, publishes leading cleantech sector industry news coverage and produces the premier Cleantech Forum® events worldwide. Details are available at http://www.cleantech.com.
About the Guardian
The Guardian is a unique voice with an international reach delivering progressive journalism to a global audience. The Guardian’s vision is to be the leader on sustainability within the media industry and to be environmentally regenerative in their activities. Through their editorial coverage and business activities, they demonstrate to readers, staff, advertisers, suppliers and their communities that GNM (Guardian News and Media) is committed to enhancing society’s ability to build a sustainable future.
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