Green Innovations

Developing renewable and clean technology companies in New York

Friday, November 13, 2009

Prism Solar Technology featured at Clean Energy Summit in Boston

NYS-based company Prism Solar Technologies was one of the hot new tech companies featured at the Clean Energy Investor Summit this week in Boston.  The company has invented a new PV technology, Holographic Planar Concentrator (HPC), a holographic optical film integrated between narrow strips of photovoltaic cells.  The breakthrough technology decreases the costs of PV modules by 50%, while still maintaining product performance.  Like concentrators, HPC enhances the use of light, and like flat plate modules, it has no extra apparatus for concentrating.  A unique capability is that HPC can use use diffuse light, using optical enhancement.

The product is being tested at its Arizona research facility.  Prism recently closed on a $5 million bridge round of financing and has raised $15 million to date.  It recently moved into a 93,000 sq ft manufacturing facility in New York's Hudson Valley.