HelioVolt's "secret weapon" is its manufacturing process, dubbed FASST™. According to the company's website, FASST™ is "the fastest and most cost-effective technology for printing thin-film CIGS on the market today[,]10 to 100 times faster than current processes."
Elsewhere, solar thermal company BrightSource Energy has shored up an additional $115 million in Series C financing. Investors included Google.org, VantagePoint Venture Partners, BP Alternative Energy, Statoil Hydro Venture, and Cargill subsidiary Black River. Existing investors DBL Investors, Draper Fisher Jurvetson, and Chevron Technology Ventures also participated.
BrightSource's "distributed power tower" technology uses an array of mirrors or lenses known as "heliostats" that concentrate sunlight onto a liquid housed in a "solar boiler." The heated liquid in turn makes steam that turns an electricity turbine. For more on BrightSource's technology, go here. As a testament to BrightSource's technology, California utility Pacific Gas and Electric Company recently signed a contract with BrightSource for up to 900 megawatts (MW) of solar thermal power.
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If you'd like to hear more about Google.org, BrightSource, and BP Alternative Energy, you should attend the Renewable Energy Finance Forum-Wall Street (www.REFFWallStreet.com), held June 18-19 in New York City. Dan Reicher of Google.org will chair the event, and the CEO of BP Alternative Energy, Vivienne Cox, will be a keynote speaker. In addition, John Woolard, the CEO of BrightSource Energy will join the CEOs of Acciona North America and Abengoa Solar in a discussion about the future of solar thermal power. Other topics for discussion at the event will include wind energy, photovoltaics, biofuels, carbon finance, the role of venture capital, and more.
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