Vermont, United States [RenewableEnergyWorld.com] Nathaniel Group Inc. has received a US $250,000 grant from the Clean Energy Development Fund through the Vermont Department of Public Service to build a working prototype of a concentrated photovoltaic (CPV) system for generating electricity. The demonstration project will be installed at Nathaniel’s facility in Vergennes, Vermont and could be producing power by the summer of 2009.
Nathaniel’s innovations lie in the design, material selection and manufacturing techniques of the reflector, cell cooling apparatus and module assembly, according to the company. These innovations may offer the commercial market and eventually the residential market an energy source with clear environmental benefits at a competitive cost relative to current alternatives.
“CPV technology has game-changing potential in the economics and efficiency of renewable energy generation,” said Joel Melnick, president of the Nathaniel Group. “For many years, there have been marginal improvements in the way photovoltaics work, but CPV has the potential to close the economic gap with fossil fuels. We could see CPV become a more cost-effective source of energy than anything else available.”