Solana Beach, California [RenewableEnergyAccess.com] With plans to demonstrate first commercial SunCone desalination process, called the SunCone Desal, Open Energy Corporation will acquire privately held WaterEye Corporation in an all-stock transaction worth approximately $3 million.“WaterEye has developed proprietary remote monitoring and display technology for water systems,” said David Saltman, President and CEO of Open Energy Corporation. “This same monitoring package will be important as we launch SunCone CSP systems next year.” “The ability to utilize solar energy to desalinate water is very exciting,” said Tom Wolfe, founder and president of WaterEye, who will become Open Energy’s Senior Vice President of Engineering and Development. Open Energy Corporation is a renewable energy company focused on the development of solar technologies that produce renewable energy, fresh water and related resources. “Up to 50% of the cost of producing potable water is directly attributable to energy consumption. Many areas of the world where fresh water is most needed lack access to grid power or simply cannot afford the costs of diesel fuel,” added Wolfe.