Tuesday, November 16, 2010

Solergy launches next-generation CPV with record-breaking 32.9 percent efficiency

MILAN, ITALY: Solergy Inc., developers of the next generation of high concentrated photovoltaic technology (HCPV), announced the launch and introduction of two unique flagship products: Solergy CPV and Solergy Cogen CPV.

In addition to the company launch, Solergy and the Italian Civil Aviation Authority (ENAC) jointly announced their agreement to install a Cogen CPV power plant at the Pantelleria Airport in Sicily. The installation will be a collaborative test site for the innovative use of Solergy's CPV and cogeneration technology to generate both solar electricity and heat at an airport facility.

The announcements took place on the eve of the EnerSolar+ Conference in Milan, Italy, where Solergy will be exhibiting the company's unique CPV systems featuring an all-glass optical concentrating lens – the world's first. The all-glass optics, high-precision tracking and optimized basic energy unit ensure that Solergy's system consistently produces more energy than any other PV or CPV product in existence.

"We are excited to launch our company and present our CPV products to the world. We have dedicated the past three years to developing a system we believe not only addresses the challenges CPV has faced in the past, but takes a significant leap forward in terms of performance, reliability, and technological innovation," said Yoav Banin, CEO and co-founder of Solergy, Inc.

ENAC selected Solergy as the exclusive partner for the test site after a thorough and rigorous assessment of the company’s technology proved it to be one of the most innovative systems available. The installation will generate electric power for the airport, as well as power the air conditioning system. The project is expected to start in the first quarter of 2011.

“We are pleased to announce our letter of intent to work with Solergy on this unique and important project," said Alessandro Cardi, Central Director of Airport Infrastructure at ENAC. "Solergy’s combination of high efficiency and cogeneration make it especially well-suited to serve the significant electricity and air conditioning requirements of our airports. We strive to make Italy’s airports greener, and are confident that this project can then serve as a model for achieving clean energy self-sufficiency in other airports in Italy.”

Solergy has two products, Solergy CPV and Solergy Cogen CPV, both of which use Solergy's unique design and engineering to deliver the highest level of energy output in the industry today.

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