Inc. Magazine names SPG Solar to the 2011 Inc. 500|5000 List

NEW YORK and NOVATO, CA—August 23, 2011— Inc. magazine today added SPG Solar to its fifth annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The comprehensive list represents the most important segment of America’s economy—independent entrepreneurs. SPG Solar joins online retailer ideeli, who tops this year’s list, along with Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands.

In a stagnant economic environment, the median growth rate of this year’s Inc. 500|5000 companies remain at an impressive 94 percent. The listed companies have created 350,000 jobs in the past three years, with aggregate revenue of $366 billion, up 14 percent from last year.

“It is our customers, who recognize the importance of quality while developing solar power systems and the financial business case for solar that has fueled our growth for the past decade and helped us make this prestigious list,” said SPG Solar CEO and President Chris Robine.

SPG Solar, a leading national solar energy company, designs and builds solar power systems for Fortune 500 companies, utilities, schools and universities, agribusiness and the public sector. Additionally, the company has designed its own proprietary solar tracking technology for ground mounted arrays and another system that allows solar to float on water.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.

Solar Startup Semprius to Create 250 Jobs in North Carolina at Cutting-Edge Pilot Plant

Energy Department-enabled innovation made Tuesday, July 19, a good day for North Carolina.

Entrepreneurs from Durham-based solar startup Semprius teamed with Governor Bev Purdue to announce the company’s plan to build a new high-tech manufacturing facility in Henderson. The factory is expected to create more than 250 full-time jobs over the next five years, which is a particular boon for Henderson, where the county unemployment rate reached 13.3% in May. This follows on the heels of news that Siemens recently participated with others in a $20 million investment in Semprius. Siemens took a 16% stake in the company – a vote of confidence from a global engineering giant with years of success in the solar industry.

None of this comes as a surprise to those of us who have followed Semprius’ progress as a pioneer in the design and fabrication of high concentration photovoltaic (HCPV) solar modules. The company’s story provides a case-study example for how federally-funded research and development sparks job-creation for Americans in a global growth industry.

Spun out of Lemelson-MIT award winner John Rogers’ research lab at the University of Illinois, Semprius employs a breakthrough semiconductor manufacturing technique called micro-transfer printing, originally invented with Energy Department Office of Science support. This core technology has a broad range of potential applications — from improving LED lighting to increasing computer hard drive capacity to making tiny sensors for next-generation medical devices. It enables Semprius to combine extremely small solar cells — about one half the surface area of a pin head — with low-cost, highly efficient lenses that concentrate the sun’s energy more than 1100 times.

Semprius first explored the idea of using micro-transfer printing for HCPV with the help of a 2007 “Next Gen” grant from the Office of Energy Efficiency and Renewable Energy. The company’s progress has been astounding since then; it earned Semprius one of four spots in the 2010 class of the PV Incubator Program along with recent record-breakers Alta Devices and Solar Junction and Tetrasun, which also closed a funding round recently. Like its peers, Semprius has benefited greatly from its participation in the Incubator. “Programs like the PV Incubator allow you to develop quicker, implement quicker and go to market quicker,” as Semprius CEO Joe Carr recently told me. Access to key tools and personnel at the National Renewable Energy Lab (NREL) has helped the company optimize both its tiny cell (NREL-confirmed 41.7% ) and its module.

This news adds Semprius to a growing list of PV Incubator participant companies that have attracted significant private investment and are plowing it into new manufacturing operations in communities like Henderson across the U.S. Between 2007 and 2010, the Office of Energy Efficiency and Renewable Energy invested $50 million in the Incubator for 20 solar startups like Semprius. Private investment in those firms now totals more than $1.3 billion, a 25-to-1 multiple.

These companies already employ more than 1,200 people in good hi-tech jobs, and that number is poised to grow rapidly as new manufacturing facilities come online. Six of those companies — 1366, Abound, Calisolar, PrimeStar (acquired by GE), Solopower, and now Semprius — have publicly announced plans to hire more than 3,800 full-time workers for new factories being built here in America.

The Department’s SunShot Initiative investments are not only making solar energy systems cost competitive with traditional sources of energy by the end of the decade; programs like the PV Incubator catalyze market support for leading companies like Semprius that are putting Americans to work.

DOE Pursues SunShot Initiative to Achieve Cost Competitive Solar Energy by 2020 Announces $27 Million in Projects to Advance Solar Development and Manufacturing

Washington, D.C. – U.S. Energy Secretary Steven Chu today announced additional details of the Department of Energy’s “SunShot” initiative to reduce the total costs of photovoltaic solar energy systems by about 75 percent so that they are cost competitive at large scale with other forms of energy without subsidies before the end of the decade. By reducing the cost for utility scale installations by about 75 percent to roughly $1 a watt – which would correspond to roughly 6 cents per kilowatt-hour – solar energy systems could be broadly deployed across the country.

This will increase American economic competitiveness and help the U.S. regain leadership in the global market for solar photovoltaics. As part of the SunShot initiative, Secretary Chu announced today that the Department of Energy is awarding $27 million in projects to support the development, commercialization, and manufacturing of advanced solar energy technologies.

“America is in a world race to produce cost-effective, quality photovoltaics. The SunShot initiative will spur American innovations to reduce the costs of solar energy and re-establish U.S. global leadership in this growing industry,” said Secretary Chu. “These efforts will boost our economic competitiveness, rebuild our manufacturing industry and help reach the President’s goal of doubling our clean energy in the next 25 years.”

The SunShot program builds on the legacy of President Kennedy’s 1960s “moon shot” goal, which laid out a plan to regain the country’s lead in the space race and land a man on the moon. The program will aggressively drive innovations in the ways that solar systems are conceived, designed, manufactured and installed.

In addition to investing in improvements in cell technologies and manufacturing, the SunShot initiative will also focus on steps to streamline and digitize local permitting processes that will reduce installation and permitting costs. To achieve the SunShot goal of reducing the total installed cost of large scale solar electricity by about 75 percent, DOE will be working closely with partners in government, industry, research laboratories and academic institutions across the country.

SunShot will work to bring down the full cost of solar – including the costs of the solar cells and installation – by focusing on four main pillars:

* Technologies for solar cells and arrays that convert sunlight to energy;
* Electronics that optimize the performance of the installation;
* Improvements in the efficiency of solar manufacturing processes;
* Installation, design and permitting for solar energy systems.

For more information and to follow the initiative’s progress, visit: www.energy.gov/sunshot.

Solar energy isn’t just for electrical gurus or families able to make a large initial investment, it’s for everyone.

As the price of solar panels comes down and solar technology more efficient, solar energy is quickly becoming a way for the average family to save on monthly energy bills. Keep reading for 3 ways you can save a lot of money in your home with solar energy.

1. Go solar in the garden.

You pay nothing for electricity that comes from the sun, so why not use it in your home’s sunniest spot – the garden? Several manufacturers offer solar-powered exterior lights that can illuminate porches, pathways, stairwells and gardens. Some are even bright enough to provide security lighting.

These extremely efficient solar lights use electricity generated by sunlight falling on photovoltaic (solar) cells, which is then stored in a rechargeable battery for use at night.

Separate units that have a self-contained solar panel usually need to be placed in a sunny spot during the day, but lights with independent solar panels can go anywhere while you attach the panel to the roof or another sunny location.

2. Harness the sun to heat your water.

If you live in a sunny climate or can back up your solar system with a small, on-demand heater, this could be an ideal setup to save a lot of money. You’ll save big on energy costs by installing a simple solar water heater to supplement your conventional water heater.

Overall, a solar hot-water system is about 50-85 percent less expensive to operate than electric water heaters. The savings over gas heaters are less substantial, but there are still opportunities to reduce your energy consumption.

Before investing in any solar hot water system, have a heating consultant evaluate the potential savings and determine the system type and capacity best suited to your family’s needs.

3. Harness solar power through your windows.

Opening your home up to light can dramatically reduce your heating and lighting costs. When renovating a home, always consult a lighting expert on the best window placement for the longest amount of daylight allowance.

If you’re unable to invest in new windows, try simply opening the shades on a cold winter day or brightening a dark room with light paint and sheer curtains that allow the light to come in. For little to no expense, you can save a few dollars every month on your lighting bills.

Clearly the use of solar power is not a good fit for everyone. But for those able to take advantage of its benefits, the monthly savings can be significant.

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