CleanTECH San Diego will present CleanTECH San Diego Showcase: Transforming the Energy Industry on November 12. This event is the first of a new quarterly series that will feature leading members of the investment community and promising companies from the greater San Diego area.
This event will feature a keynote address on the smart grid from Ellen Pao, Partner at venture capital firm Kleiner Perkins Caufield & Byers. Following the keynote presentation there will be a panel session and networking. This program will take place from 4:30 pm – 7:30 pm at the La Jolla Marriott. For more information:
Pyron Solar, a San Diego-based company that is developing technologies based on concentrating photovoltaics (CPV), announced on September 9th the second close of its Series A round of financing. This funding was provided by Switzerland-based New Energies Invest Ltd. (NEI). According to the San Diego Business Journal, this investment was $1 million, with an additional $1 million option by NEI. Pyron Solar had previously received a $2 millon investment from NEI in December, 2007.
Doug Carriger, CEO of Pyron Solar said, "We are pleased with the follow-on investment from NEI as this round helps us continue to fund a full scale demonstration of Pyron’s advanced technology in San Diego. The project represents an important milestone in the industry, because efficiency still matters. Our products will be shown to provide a greater return on investment than utility scale solar projects featuring low cost low efficiency technologies."
Pyron Solar was founded by John and Inge Laing in 2004. The company has developed the Pyron Solar Triad, which includes a proprietary lens system (HE Optics System), a dual axis tracking system, and the use of specially-treated water as a passive coolant of the PV cells. An illustration of the HE Optics System is shown below:
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