Status
Organization closed on October 9, 2012
Funding Received
$96.8 Million in 5 Rounds from 2 Investors
Founded:
2005
Headquarters:
Fremont, CA
Description:
GreenVolts is a solar startup that enables low cost power production.
Categories:
Clean Technology
Website:
http://www.greenvolts.com

Detailed Description

Update

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.

Past Team (6)

Update

Funding Rounds (5) - $96.8M

Update

Investors (2)

Update

Offices/Locations (1)

Update
  • Headquarters

    46400 Fremont Boulevard

    Fremont, CA 94538

    USA