19 Dec '11, 5am

GreenVolts, CPV Aspirant, Gets $20M From ABB in a $35M Solar VC Round: GreenVolts, a concentrating photovoltai...

GreenVolts, CPV Aspirant, Gets $20M From ABB in a $35M Solar VC Round: GreenVolts, a concentrating photovoltai...

GreenVolts, a concentrating photovoltaic (CPV) supplier, came to the solar market with a lot of promise a few years ago -- only to recede soon afterward. The startup had signed a multi-megawatt power purchase agreement (PPA) with PG&E in 2008, one of the more sizable CPV projects at the time. But GreenVolts had some troubles and a bit of a boardroom shift: founder Bob Cart was replaced as CEO by JDSU executive Dave Gudmundson. Gudmundson took the firm quiet and the company radically reworked its product and its strategy. And now GreenVolts has returned, armed with a new design and a new $35 million VC round, which includes $20 million from ABB Technology Ventures, the VC arm of ABB , the power and automation technology giant. The GreenVolts CPV technology is a good match for ABB's recent equity stake in Novatec Solar, a provider of linear fresnel lenses. The round brings G...

Full article: http://www.greentechmedia.com/articles/read/GreenVolts-CP...

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EurekaABB invests in US photovoltaics firmEurek...

eurekamagazine.co.uk 20 Dec '11, 10am

Power and automation group ABB is to invest $20million in California based photovoltaics firm, GreenVolts. The investment ...

Turnkey Concentrated Solar Photovoltaic Power System Now Available for ...: By Andrew Burger | December 16th, 20...

Turnkey Concentrated Solar Photovoltaic Power S...

triplepundit.com 16 Dec '11, 6pm

Tweet Fremont, California’s GreenVolts on Wednesday unveiled the solar power market’s first completely integrated, turnkey...

The Healing Round Table

The Healing Round Table

care2.com 19 Dec '11, 5pm

If you’re a patient who has incorporated complementary and alternative medicine into your health care regimen, you may hav...

BP exits solar business: According to media rep...

renewableenergyfocus.com 22 Dec '11, 1pm

The move follows BP Solar 's gradual scaling down of its solar business over the past few years. The UK's Guardian newspap...