17 July 2012, 09:09 BST
Multinational power industry giant ABB last week introduced to the market a turnkey concentrating photovoltaic (PV) system based on Fremont, California-based GreenVolts' technology, banking on demand from large commercial and utility-scale solar PV project developers in North America. ABB and GreenVolts launched the new turnkey CPV system at the Intersolar North America trade show in San Francisco last week.
"For utility-scale projects, customers are asking for a fully integrated solution and the long-term stability and support that ABB can provide," stated Bob Stojanovic, ABB director of Solar Power Solutions, North America. "With this turnkey CPV system and our power generation experience, we believe ABB has the most complete and compelling solar power solution in the industry."
According to the development partners, their solar CPV system can produce 30%-40% more clean, renewable electricity than comparable crystalline silicon or thin-film solar PV systems over the course of a year, which effectively and significantly reduces the footprint, as well as the cost, of developing utility-scale solar PV projects. ABB-GreenVolts' CPV panels are especially effective in areas of Direct Normal Irradiance (DNI), which is characteristic of warmer and sunnier regions of the world, they say.
ABB-GreenVolts' new turnkey CPV system incorporates CPV modules, trackers, and inverters, as well as the ISIS (Intelligent Solar Information System) energy management software, which makes for remote monitoring and control of solar power systems ranging as large as the largest commercial and utility-scale solar PV plants.
ABB announced it was investing some $20 million through its ABB Technology Ventures subsidiary to take a "substantial minority stake" in GreenVolts, part of a total $35 million venture financing round, and would join with them in further developing its technology for the power utility marketplace. The two also signed an international marketing and distribution agreement.
"The technology combines simplicity and precision with unmatched performance, fast installation, easy operation and low cost of production," Peter Leupp, head of ABB's Power Systems division, commented at the time. "Our extensive footprint, which covers all key solar markets in the world, will help us to make this technology globally accessible."
Though launched publicly at Intersolar, ABB and GreenVolts offered a preview of the turnkey CPV system to potential power industry customers at ABB's Automation and Power World in Houston in April. Well-received, ABB "is already working on projects in the US Southwest, Mexico, Peru, Chile, the Mediterranean, Africa, Australia and the Middle East."
Photo Credit: GreenVolts
Source: Clean Technica