Fortistar and Energy Innovation Capital Invest in Pellucere Technologies

Pellucere’s flagship product is the MoreSun® Anti-Reflective (AR) / Anti-Soiling (AS) coating for the photo voltaic market. MoreSun delivers industry-leading AR efficiency in addition to a proprietary dry anti-soiling property that reduces soiling charges as much as 95%.

MoreSun’s distinctive low-temperature curing know-how permits it to be utilized as a retrofit coating within the subject for the roughly 70 GW of photo voltaic modules that should not have manufacturing unit AR coatings. In depth buyer subject information demonstrates that the product’s AR enhancements will sometimes enhance photo voltaic power yield by 4% to five% whereas the anti-soiling properties can enhance power yield as much as an extra 4% to eight% in excessive mud environments.

“We’re exceptionally grateful to have each Fortistar and Vitality Innovation Capital, two main sustainable energy-focused development capital corporations, as buyers in Pellucere,” stated CEO Robert Lukefahr. “In 2021, we count on to finish set up of the MoreSun coating on greater than 500MW of retrofit photo voltaic tasks within the U.S., Canada, Europe, and Africa.”

Along with the retrofit photo voltaic product, Pellucere additionally sells the MoreSun built-in Anti-Reflective/Anti-Soiling product to photo voltaic module and photo voltaic glass producers. This single-step coating course of permits photo voltaic authentic gear producers (OEMs) to supply industry-leading AR efficiency in addition to best-in-class anti-soiling efficiency at a far decrease price.

“We’re excited to fund a high-growth firm that’s deploying confirmed options to key sustainability challenges by considerably bettering the efficiency of current and future photo voltaic installations,” stated Nadeem Nisar, Managing Director of Fortistar.

“Pellucere has exceeded our technical efficiency expectations and we’re glad to have Fortistar’s sturdy operations-focused staff acknowledge and be a part of within the execution of the corporate’s development plans,” stated George Coyle, Managing Accomplice at EIC.

Later this yr, Pellucere expects to start industrial rollout of its new, award-winning Talus AS™ anti-soiling product. The Talus Dust Rejection Expertise™ provides an anti-soiling layer on high of manufacturing unit AR coatings to cut back cleansing prices and power losses because of mud and dust accumulation. Pellucere was not too long ago awarded an American Made Photo voltaic prize from the U.S. Division of Vitality and was a winner within the Iberdrola Startup Problem for its photo voltaic anti-soiling merchandise. Iberdrola is a world power chief in renewable energy era with almost 40GW in operation.

Pellucere was spun out of Oregon State College to commercialize the nano-technology developed by Dr. Chih-hung Chang and Dr. Seung-Yeol Han. The corporate has additionally developed and manufactures a patented robotic applicator system for the MoreSun coatings to allow high-precision, high-efficiency subject utility of the product.

Along with MoreSun and Talus AS, the corporate has a number of different merchandise presently in improvement in partnership with firms within the automotive and electronics industries. The corporate relies in Houston, Texas and Corvallis, Oregon.

For Extra Info:

Robert Lukefahr, CEO
[email protected]
1-833-780-8800

Company Overview Video Link

About Fortistar

Based in 1993, Fortistar is a privately-owned funding agency that gives capital to construct, develop and handle firms that handle complicated sustainability challenges. Fortistar makes use of its capital, flexibility and working experience to develop high-performing firms, first in energy era and now in mobility, carbon seize, the round financial system and different options that drive our transition to a zero-carbon future. As a staff, Fortistar has financed over $3.5 billion in capital for firms and tasks within the power, transportation and industrial sectors. For extra details about Fortistar or its portfolio firms, please go to: www.Fortistar.com and comply with the corporate on LinkedIn.

About EIC
Vitality Innovation Capital is the premier capital supplier for innovators serving the power {industry}. EIC gives early and growth-stage funding for visionary entrepreneurs tackling international power challenges with transformative, market-leading options. EIC’s staff leverages our {industry} experience, networks and collaborative method to assist proficient entrepreneurs push the boundaries of what is attainable and construct nice firms. To study extra, go to www.energyinnovationcapital.com.

SOURCE Pellucere Applied sciences

Associated Hyperlinks

http://pellucere.com