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CEO of Soliant Energy Addresses Solar Concentrator Industry at ICSC in Madrid
14th March, 2007

At the 4th International Conference on Solar Concentrators (ICSC), in El Escorial, Spain, Soliant Energy CEO Brad Hines delivered a plenary speech on the state of the industry. The address entitled "Trends in the Economics of Solar Concentrators" discussed the recent progress of solar concentrator technology and the economic environment created by incentives world-wide.

According to Hines, a former NASA Chief Architect, the market opportunity for concentrating photovoltaics has never looked brighter. "Solar concentrating technology solves one of the key problems that has previously limited growth in the solar sector: cost," said Hines. Solar concentrators are better able to capitalize on the continuing advances in solar cell efficiency resulting in significant gains in system performance. Hines also noted that, as clean energy incentives become more performance based, concentrators will command more attention due to their superior capacity factors and annual energy yield.

Hines ended his presentation with an announcement that his company, based in Pasadena, California, has changed its name from Practical Instruments to Soliant Energy, Inc.

The ICSC is the preeminent global platform for solar technology experts to discuss cutting-edge research, industrialization and commercialization of solar concentrators for generating electricity or hydrogen. The conference serves as a gathering of the world's leading concentrating solar technology firms and emphasizes in-depth technical discussions on science, engineering, and economics, with primary emphasis on photovoltaic technologies.

Last week the U.S. Department of Energy committed an additional $32 million to fund research in advanced solar concentrating technology, including a $4 million grant for Soliant Energy to accelerate on-going development of its Heliotube(TM) product platform.

About Soliant Energy

Soliant Energy's (formerly Practical Instruments) new-generation solar panels dramatically reduce the cost of solar power on commercial rooftops, and anywhere else that solar panels are traditionally deployed. Our product platform, the Heliotube(TM) concentrating solar panel, addresses the strong market need for lower-cost, higher-power solutions for rooftop solar power. Heliotube uniquely integrates a complete, self-powered, tracking solar concentrator system into the form factor of conventional flat solar panels. Heliotube is a "plug-compatible" alternative to standard solar panels, exactly conforming to the existing standards and practices of the large, established channels of solar installers, integrators, project managers, dealers, and distributors. Soliant Energy, backed by some of the most experienced and successful venture investors in clean tech and energy, was founded in 2005 and is located in Pasadena, California.

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