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Tuesday, October 30, 2007

2007 California Clean Tech Open Final Awards Event Gala

[San Francisco, California USA]

1-Solar wins Renewables Prize
GreenVolts, Inc. announces $10 Million Series A Funding

The Academy Awards of Clean Tech, aka the Awards Ceremony for the 2007 CALIFORNIA CLEAN TECH OPEN, took place last night on Monday, October 29, 2007, at the Palace of Fine Arts Theatre in San Francisco, California USA.

In the Renewables Category, 1-Solar was the winner of the Renewables Prize (one of six CCTO Category prizes) and Tahoe Water Systems was the runner up.

1-Solar, Inc. claims to have halved the cost and doubled the life of DC to AC inverters for solar photovoltaic system applications. 1-Solar’s President Tranh Nguyen makes his acceptance speech in the following video clip and said:

Our invertors are designed to last 15 years or more.

The short product life of inverters is one of the dirty little secrets of photovoltaics.

GreenVolts’ $10 Million Series A round of funding was led by Greenlight Energy Resources, Inc., Avista Corporation (NYSE:AVA), and several other investors.

Per GreenVolts:

… its CarouSol tracking system has begun producing energy at Avista¹s Clean Energy Test Site, and that it is on track for deployment of its GV1 plant in late 2008.

See GreenVolts scores Solar Project and Investment from Avista for more details on the demonstration High Concentration PhotoVoltaics (HCPV) project located in Rathdrum, Idaho.

The official press release should be here on the GreenVolts website in the morning.

To honor all the 2007 California Clean Tech Open (CCTO) Finalists, here is a link to the Finalist Directory or Download 2007 Finalist Directory.

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