GreenVolts, Inc.

GreenVolts, Inc., based in San Francisco, was founded in 2005 to deliver solar power at fossil fuel costs. The company’s breakthrough high concentration photovoltaic (HCPV) technology efficiently integrates tracking and optics into a system that dramatically lowers energy cost. Through low cost and high efficiency, GreenVolts can access large markets previously inaccessible to solar power. GreenVolts changes the economics of solar energy.

In September 2006, GreenVolts won the California Clean Tech Open business plan competition and a grant from the California Energy Commission. The company recently signed a power purchase agreement with Pacific Gas & Electric Company for a two megawatt HCPV power plant that, when completed, will be the largest in the world. GreenVolts has also executed a contract for field-testing with Avista Corp, a $1.5B public utility based in Spokane, Washington.