GreenVolts published today that it received a $250,000 grant from the California Energy Commission’s Public Interest Energy Research Program (PIER). The company’s proposal, Low cost Installation of Concentrating Photovoltaic, was rated the highest amongst all applicants to the grant program.
“This PIER grant is continued validation of our technology and our approach to the marketplace,” said Bob Cart, founder and CEO of GreenVolts. “As evidenced by our GV1 project, we are leading the way towards making the sun a reliable, everyday source of energy through the use of next-generation, high-efficiency CPV technology.”
The GV1 is currently under construction in Northern California, as part of an agreement with Pacific Gas & Electric, with a 2MW project that is scheduled for completion in 2009. GV1 is another illustration of GreenVolt’s capability to install low cost CPV technology, which can ultimately help produce the world’s lowest cost solar energy on a immense scale.