Wednesday, February 20, 2013

Semprius Named Top 50 Disruptive Company

CED Member Semprius, Inc. has once again been honored by MIT, showing up on the MIT Technology Review's annual list of the 50 Most Disruptive Companies.

"We consider Semprius a solar company worth watching closely," said Jason Pontin, publisher and editor in chief of MIT Technology Review, in a statement. "It stands out for its novel method of concentrating sunlight onto tiny solar cells to deliver photovoltaic modules with cutting-edge efficiency and the potential to significantly lower the cost of generating solar electricity."

Semprius, led by Joe Carr, chief executive officer, began commercial production of the world's highest efficiency modules in September 2012, opening its first manufacturing facility in Henderson, N.C.

In November, Semprius announced that it will be supplying solar modules to Pratt & Whitney Rocketdyne (PWR) in support of PWR's 200 kilowatt solar system to be located at Edwards Air Force Base in California.

Semprius' proprietary micro-transfer printing process enables the use of the world's smallest commercial solar cell - approximately the size of a pencil point - to manufacture modules with unmatched performance and cost advantages.

Compared with conventional silicon-based modules, Semprius' modules, which were developed with the support of the U.S. Department of Energy's National Renewable Energy Laboratory, are twice as efficient, offer consistent energy output and superior energy yields while performing better in hot climates.

"This recognition by MIT Technology Review validates our ongoing efforts to lower the cost of renewable energy," said Carr, in a statement issued by the company. "We anticipate a busy year filled with innovation and the continued expansion of our production facility to meet the increasing demand for our solar modules."

Last year, Semprius was named to the MIT Technology Review's 2012 TR10, a list of the world's 10 most important emerging technologies. In total, Semprius has raised $31.1 million in just over two years, and secured an additional $8 million in loans. Semprius was named a 2010 North Carolina Company to Watch Award Recipient by CED.

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