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| Headline |
Solar Power Cost/Manufacturing Breakthrough |
| Investment Stage |
Private Placement
Mezzanine |
| Sectors |
Energy - Solar
Science/Tech R&D - Energy
Engineering & Manufacturing - Research & Development
Energy - Renewable |
| Deal Value |
2,500,000 |
| Currency |
USA - US$ |
| Country/Region |
North America USA California |
| Summary |
The client has developed IP protected photovoltaic (PV) solar concentrators for low cost solar power, substantially reducing the cost of solar power towards ‘grid parity’. The value proposition is based upon very low cost concentrator optics that do not need module sun tracking, low cost superior PV cell cooling assemblies, and the application of the automated assembly infrastructure from the consumer microelectronics industry to assemble the solar power modules. The product is lightweight PV modules optimized for both roof-top commercial and residential solar power, as well as utility solar farm solar power.
To understand the scope of the breakthrough, the present photovoltaics (PV) solar industry consists mainly of flat-panel crystalline silicon PV modules, with some flat-panel thin-film CdTe, amorphous silicon and CIGS PV modules. Solar concentrators have been limited to high cost high concentration (HCPV) systems in desert field applications or at low concentration (LCPV) to only 2x of the sun’s power, and up to 3x with module tracking, and all of these solar concentrators have lacked roof-top capability.
The product has recently been tested at 10x to 20x sun concentration ratios. Combined with the manufacturing efficiencies, this brings the cost of producing the solar power to a rate that would allow this industry to compete with Grid power.
The client is seeking investment or industry collaboration with investment estimated at $2.5m to start manufacturing at a capex reduced from from $1.5 to $2.0 to less than $0.2 making possible financial returns not seen before in the solar power industry and for the first time will facilitate massive solar power production expansion at multi-GW capacities, without limitation of debt load or credit market availability. QUOTE REF 1002
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