GreenVolts, Inc.

Location:CA, US
Speaker:Bob Cart
Title:CEO
Primary Industry:Energy
Executive Summary:GreenVolts allows utilities to harness solar energy efficiently and economicaly. Utilities are facing a number of challenges that make GreenVolts’ technology a realistic solution. These include: o Increased demand for peak power supply o New government regulations requiring renewable energy o A need to defer costly grid upgrades o Impending caps on carbon emissions o Increased demand for clean energy alternatives o need for increased grid reliability The GreenVolts product is a radical new design, constructed as a system so that all of its component parts work together to produce low-cost electricity with minimal maintenance over a 25-year lifespan.Capital costs of less than $2/W put it on a path to parity with power from natural gas. In less than two years, the company has attained a significant milestones and is on the cusp of announcing its first large contracts with utility customers. ● First place in the California Clean Tech Open business plan competition, beating out 61 competitors ● A grant from the CA Energy Commission GreenVolts has raised $700k in seed capital. The company is now seeking additional financing of $4-5M to complete product development, qualification testing, and to develop the pilot production line.
Venture is:A-Round

HIGHLIGHTS

Corporate Presentations:

  • Air Products
  • BASF
  • Eastman Kodak Company
  • Genzyme
  • Goodrich
  • Hewlett-Packard
  • Honda
  • Medtronic
  • Merck
  • Sanyo

Reserved Presentations:

  • ExxonMobil
  • IBM

Partnering Events:
(full access included)

Platinum Sponsor

University of Hawaii

Press Sponsor

Business Wire

Commercialization Partner

BusinessWeek

Sponsors

Invest Australia AzTE Technology Enterprises

Media Sponsors

(joint with Nanotech 2007) Nature
Science
Red Herring

Supporting Organizations

BirchBob
CONNECT
Boston University
Midwest Research University Network
OCTANe
AeA
LES-SVC

 

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