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General Information

Websitegreenvolts.com
Twitter@GreenVolts
CategoryCleanTech
Phone510-933-7000
Employees68
Founded2005
DescriptionUtility-scale concentrating photovoltaic

Offices

Headquarters
46400 Fremont Boulevard
Fremont, CA, 94538
USA

People

Funding

TOTAL $89.3M
FUNDING TOTAL $89.3M
Series B, 9/2008
Oak Investment Partners
$300k
Series C, 6/2011
$39M
Venture Round, 12/2011
ABB Technology Ventures
Oak Investment Partners
$35M
Venture Round, 4/2012
Oak Investment Partners
$15M
DEBT TOTAL $7.5M
Debt, 8/2010
Oak Investment Partners
$7.5M

Tags

GreenVolts

According to Forbes.com article on 9/12/12 - “…a major investor abruptly withdrew financial support for the company.

‘A sudden, and unexpected, change in direction from a major strategic investor has affected GreenVolts’ access to funding,’ the company said Wednesday in a statement, referring to ABB, the Swiss power and automation giant. ‘The impact was at the last minute and so severe that GreenVolts cannot continue normal operation and has reduced its workforce to a small team to provide customer support and engage other options, including working with potential buyers of the system, technology and IP.’ ”


GreenVolts has taken an integrated systems approach to development of complete Concentrating Photovoltaic (CPV) solutions that combines:

•State-of-the-art proprietary highly concentrating optics •¢High precision, low profile, two-axis solar tracking •Intelligent power and control systems •On-board, real time, high resolution performance monitoring

This unique integrated systems approach will achieve industry leading energy productivity and low overall Levelized Cost of Energy (LCOE).

The high energy density of GreenVolts’ CPV system enables low cost power production that can be deployed close to load, further increasing the real value of the energy generated.

Recent Milestones

Videos

Screenshots

Sources

  1. GreenVolts Closes $30 Million From Oak Investment Partners in Series B Financing (greenvolts.com) [edit]
  2. Solar concentration firm GreenVolts grabs $7.5M for power plant (venturebeat.com) [edit]
  3. GreenVolts, CPV Aspirant, Gets $39M in VC (greentechmedia.com) [edit]
  4. GreenVolts Receives $35M Financing (finsmes.com) [edit]
  5. VC Funding: Q2 2012 source [edit]
  6. GreenVolts Looking to Raise Close to $40M (gigaom.com) [edit]
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Last Edited 3/14/14

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