EchoFirst, formerly PVT Solar, designs, manufactures, and markets the Echo solar system. Echo supplements conventional solar electric PV panels with a unique solar thermal technology that captures the heat from the PV panels. Echo generates not only electricity, but also hot water for washing and bathing, and thermal energy for home heating and home cooling. In July 2013, EchoFirst was acquired by SunEdison. The valuation of EchoFirst was undisclosed. Other terms of the deal were not released.
Expert Collections containing EchoFirst
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EchoFirst is included in 1 Expert Collection, including Renewable Energy.
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Latest EchoFirst News
Jul 11, 2013
by Joanna Schroeder The SunDrum Hybrid PVT solar system operating at the Inn at Schofield Barracks, a large hotel in Oahu, Hawaii, has returned 25 percent of its installation costs in the first six months of operation. Installed by AllNuEnergy, Inc., the system is expected to break even in less than two and a half years and provide an ROI of more than 29 percent. The SunDrum thermal collectors are a unique design in that they take advantage of the excess heat generated by the solar PV panel. Solar PV panels convert only 10-15 percent of the Sun’s energy into electricity. The remainder is thrown off as waste heat. By attaching the SunDrum thermal collector to the underside of a standard PV panel, the SunDrum System is able to capture up to 75 percent of this waste energy, thereby heating fluid running through the SunDrum system which heats the hot water of the hotel. The unique SunDrum System allows the greatest amount of renewable energy to be generated in a given amount of space. Also, by drawing heat directly from the PV panel, the SunDrum collector cools it, thereby improving the electrical output between 5-10 pecent. In contrast, according to SunDrum Solar, dual systems require their own space and are unable to generate both electrical and thermal energy in the same footprint. By utilizing the SunDrum Solar unique PVT design at the Inn at Schofield Barracks, SunDrum says the hotel will realize over 27 percent or an additional $1.1M in total savings even though only 40 percent of the PV panels have SunDrum Solar attachments.
EchoFirst Frequently Asked Questions (FAQ)
Where is EchoFirst's headquarters?
EchoFirst's headquarters is located at 34760 Campus Drive, Fremont.
What is EchoFirst's latest funding round?
EchoFirst's latest funding round is Acquired.
How much did EchoFirst raise?
EchoFirst raised a total of $13.7M.
Who are the investors of EchoFirst?
Investors of EchoFirst include SunEdison, Sigma Partners, Khosla Ventures and Energy & Environment Investment.