Avista makes strategic investment in GreenVolts
Avista Corporation (NYSE:AVA) has chosen GreenVolts for a demonstration High Concentration PhotoVoltaics (HCPV) project. The official press release is Avista Chooses GreenVolts for Utility Scale Solar Trial. Although this news was tipped in the Business 2.0 Magazine article, Big Solar’s day in the sun, the strategic investment by Avista in GreenVolts for an undisclosed amount is new.
This summer, GreenVolts will site their solar electric solution at Avista’s Clean Energy Test Site located in Rathdrum, Idaho per Solar test plant planned for Rathdrum and just across the border from Spokane, Washington. In order to validate long term system performance and economics, this demonstration project will collect actual performance data over a period of two years.
In the same article, Ecolite Manufacturing Co. said it will produce the systems for GreenVolts, and the Avista project will be sized at about 2.4kWp (kiloWatt- peak) perhaps adjusted for Idaho’s insolation? Per Ed Caferro, CEO of Ecolite and an investor in GreenVolts:
Bids are out for several megawatts’ worth of the systems, and Caferro expects to make about 400 monthly in about a year.
Here are some exclusive photos courtesy of GreenVolts showing a prototype CarouSol and an Off-Axis Microdish power cell.
GreenVolts is a solar power company providing affordable, clean energy alternatives for utility companies. The company’s patent-pending technology produces a superior photovoltaic collector that, when coupled with a tracking mechanism, is expected to deliver energy at a cost that is competitive with peak natural gas alternatives. The size and flexibility of the company’s system allow it to be placed nearer to the demand than other alternatives, helping utility companies avoid constructing costly transmission lines or having to upgrade existing power grids.
You can tap into my daisy chain of posts about GreenVolts by visiting the last one, GreenVolts CEO Bob Cart addresses California Clean Tech Open 2007 Kick-off Event, or by using the search label, GreenVolts.
This post is brought to you by the free unsecured Wifi network MICHANDY accessible from Haus Hiltl located here in Zürich, Switzerland. Hiltl just happens to be a cool place to hang out after finishing work or shopping. Finding free Wifi access in Zürich is no easy task, and I am looking forward to using the bluespot service (see bluespot offers free WiFi Internet access in Freiburg im Breisgau, Germany) again this year at Intersolar 2007.