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Tech Valley News
Solar Energy Group Lands Industrial Partner
The Solar Energy Consortium announced a partnership with Prism Solar Technologies, the consortium’s first official industrial joint venture.
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The move officials is expected bring 140 jobs to the region within three years and more than 400 jobs within five years.
“We're establishing the Tech Valley as a national and international hub for solar research and development,” U.S. Congressman Maurice Hinchey said.
Hinchey helped the Consortium obtain state and federal funding.
Prism Solar Technologies manufactures a new type of photovoltaic module that uses transparent holographic optical elements in its design. This innovative, patented holographic technology, collects and spectrally selects useful wavelengths from the sun and focuses them onto the cell to create electricity.
The technology can be used in residential, industrial and commercial markets.
"We expect to do great things here and we expect to bring quite a few jobs to the region," said Rick Lewandowski, CEO of Prism Solar Technologies.
The company has moved into 2,500 square of office space at the Hudson Valley Center for Innovation to grow its core team and develop a long-term manufacturing strategy. Next year Prism Solar Technologies plans to move its manufacturing operations to nearby Tech City.
Production is expected to begin in just a few weeks once machinery is installed. Jobs from administrative to engineers and scientists are already in the application process.
Prism’s core technology also allows passive tracking, which can achieve higher output in the morning and late afternoon while reducing the amount of expensive silicon necessary in a module. Prism PV modules minimize the use of expensive solar cells in their modules but still maintain above average output.
Prism has raised more than $8.5 million, primarily from venture capital firms.
“We want to help in any way we can. Our goal is to create high value technology jobs by helping early stage companies succeed with office space and a team of highly experienced business mentors,” said Les Neumann, managing director of the Hudson Valley Center for Innovation.
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