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About Greenfield Solar

PhotoVolt, Inc. was founded in 1994 by Bernard Sater, a former NASA Glenn Research Center scientist and inventor, with a vision to enable high intensity photovoltaic ("PV"‚) concentrator systems to achieve lower cost per watt than is possible with conventional photovoltaic technologies. PhotoVolt's cell technology has the potential for making PV power systems economically viable for widespread application and cost competitive with conventional fuels in large-scale global markets. Over the past 14 years, with the support of NASA Glenn Research Center , and the late Dr. Chandra Goradia, a renowned PV researcher at Cleveland State University, with US Department of Energy grants, Mr. Sater successfully proved the promise of his invention and introduced it to the market as a commercial product. In 2007, PhotoVolt management decided to accelerate development of the high intensity concentrator market by forming a new company called GreenField Steam & Electric Co. to develop and commercialize concentrator PV systems utilizing PhotoVolt's cell technology. The new company successfully raised seed money, developed a new concentrator design, made first sales, and secured the IP by filing for many patents. The Company aiming to bring to market a high intensity concentrating PV system named StarGen a solution that is ideally suited to leverage the strengths of the PhotoVolt cell, while delivering "free"‚ thermal energy . This system is designed to make maximum use of off-the-shelf components and materials, holding the promise to produce solar energy at lower price points. In 2008, PhotoVolt, Inc. and GreenField Steam & Electric Co. agreed to merge, becoming GreenField Solar The Company, based near Cleveland Ohio, USA, intends to license its technology in the future. Management is working to raise additional capital to scale up production capacity in 2009 and beyond.

Greenfield Solar Headquarter Location

126 Artino Street

Oberlin, Ohio, 44074,

United States

216-535-9200

Latest Greenfield Solar News

Q-Energy and VEI Green II join forces for Greenfield Solar PV in Italy

Jul 8, 2021

Submitted Q-Energy and VEI Green II have joined forces within the Italian renewable greenfield sector with the goal of developing, building and operating a portfolio of Solar PV assets in Italy. The co-investment platform (named VEI Greenfield), originally launched by VEI Green II in 2019 and of which Q-Energy acquired 50 per cent, has developed a pipeline of projects for 150MW (of which the first 30MW will be connected to the grid within year end) and aims at covering the full value creation cycle from the development and the authorisation process to the construction and operation, with the goal of financing the portfolio once built. The JV partners have committed EUR60 million to the platform with the goal of doubling such commitments within the next two years. VEI Greenfield envisages the creation of a pool of unsubsidised solar PV installations with a capacity ranging from five to 10 MW, that shall be equipped with best-in-class components as well as located in selected areas benefitting from interesting electricity price dynamics; a first 5,5MW project is under construction, a 10MW authorisation have been just filed for the upcoming GSE auction and approximately 20 MW are scheduled to start works by September 2021, with the target of reaching 30MW connected to the grid by the end of 2021. The combination of local and international expertise in the sector will ensure an unparalleled delivery capability to the platform in a very competitive environment that urges for new built installations to match Italian de-carbonisation objectives. Iñigo Olaguibel, CEO of Q-Energy, says: "the partnership with VEI is for Q-Energy a great opportunity to expand our international footprint into Italy, one of the most attractive markets for development of PV projects in Europe, and is fully aligned with our commitment to the energy transition as a fundamental pillar to ensure a sustainable future for our society."   Enrico Orsenigo, CEO of VEI Green II, says: “The partnership with Q-Energy gives success to our effort in developing a new co-investment paradigm capable of facilitating international investors to approach the Italian market by joining financial resources and matching sector expertise with local financial, technical and legal knowledge.”   On Q-Energy’s side the transaction has been executed by Oscar Pérez, Partner and CBD of Q-Energy and Adrián Cabrejas, Investment Principal at Q-Energy. On VEI Green II side legal aspects of the transaction have been followed by the general counsel of VEI Green II, Giuseppe Pizzuto, together with the Legal Counsel Lorenza Basilavecchia, the Technical Director Massimiliano Donati and Investment Manager Michele Vedovati have worked on all technical and operational issues while financial aspects have been structured by Investment Manager Fabio Valtancoli with Senior Analyst Andrea Palin. VEI Green II and Q-Energy were respectively assisted by L&B and Gianni & Origoni as legal advisors.

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Expert Collections containing Greenfield Solar

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Greenfield Solar is included in 2 Expert Collections, including Solar.

S

Solar

1,123 items

This collection contains upstream and downstream solar companies, as well as those who manufacture and sell products that are powered by solar technology.

R

Renewable Energy

2,726 items

Includes companies working on technology to support renewable energy generation.

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