Thursday, July 2, 2009

Ellis Energy acquires Pyron Solar

BAKERSFIELD, USA: Ellis Energy Investments Inc. has acquired the assets of Pyron Solar Inc.

Pyron Solar is the manufacturer of the Pyron Solar Triad, the leading CPV Power Generator for utility scale installations. The company uses a patented and powerful solar concentrator that harnesses the sun’s energy with high-energy (HE) conversion and unlimited scalability.

In developing the unique and proprietary HE Optics System, Pyron Solar engineers have overcome some of the most challenging issues affecting the implementation of solar technology on a wide scale; including solar cell heat transfer, wind, shadow and maintenance issues, and, of course, cost considerations.

Ellis Energy Investments adds Pyron Solar to its portfolio of companies that includes Sierra Process Systems, providing oil recovery, oily residuals separation, and recycling services to its refinery and power customers throughout the United States, and Global Mastics, a company that uses a patented process to thermally desorbe refinery mineral fillers to enhance various asphalt products.

Stan Ellis, CEO of Ellis Energy Investments stated: “We are very excited about this acquisition and look to carry forth Pyron’s aggressive growth plans. It is our belief that Pyron Solar’s technological advances will make it the leader in the CPV market.”

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