The most ambitious component is a pair of opt-in energy-saving programs that kick in when demand for energy is at its highest. When these periods roll around, Nest owners can rack up extra savings by letting the thermostat intelligently decrease their household’s energy needs. And it’s not just the homeowner who benefits: Nest’s new features are also intended to serve another class of customers entirely: the utility companies.
On Friday night mingling in the recently opened collaborative space for start-ups AlleyNYC were people from different walks of life, each with an interest in the area or an idea. There was a psychiatrist who wanted to create crowd-funded solar projects, and someone who works in an IT department of a consumer magazine who’s interested in developing apps that would help increase the fuel economy of cars. Over the weekend, some 200 people participated in the hackathon.
By Sunday, judges picked three winners: Green Building Banner, a Google Chrome plug-in that brings energy data to consumers; Lean Green Stormwater, an online tool, which allows facility owners to calculate stormwater charges and savings under various stormwater mitigation investments; and Parkifi, a mobile app that helps users find a New York park with a Wi-Fi hotspot.
VCs help shrink carbon footprints with high-tech: $1.22B in venture funding powers energy management software http://bit.ly/QyyV4K
Are these the droids you’re looking for?
ERIC WESOFF: SEPTEMBER 3, 2012
QBotix has a genuinely innovative solar solution that maximizes output and could lower balance-of-system costs in ground-mounted PV installations. The startup has invented a two-axis tracker system where the motors, instead of being installed two per tracker, are moved around by a rail-mounted robot that adjusts each tracker every 40 minutes, resulting in an enormous reduction in the number of (failure-prone) motors.
The modular system envisioned by the startup consists of 200 1.5-kilowatt trackers maintained by a hot-swappable robot and backup robot for the 300-kilowatt section. It looks like this:
The robot visits each assembly, adjusts the angle and tilt, and moves to the next pole. When its job is done, it parks itself in a little hut and dreams of electric sheep.
There’s no doubt that single-axis trackers add value to a solar farm — tracking the sun east to west can improve kilowatt-hours produced by up to 25 percent, as well as spreading generation over a wider period of time. Two-axis trackers can improve output by up to 45 percent over fixed tilt, according to the firm, but have been prohibitively expensive and come with questionable reliability. One rarely sees two-axis trackers in utility deployments except in concentrated photovoltaic (CPV) plants.
CEO Wasiq Bokhari notes that robots are tough and the robots themselves cost only $0.02 per watt. He claims they are water and dust resistant and operate across large temperature ranges. The robot also has communications capability and regularly transmits data on each tracker. He asserts that there are other functions the robots might eventually serve, as well. (Panel cleaning? Robot army defending against Skynet?)
QBotix’s product is the racking, tracking, and monitoring portion of a solar farm. That’s about one-fourth of the ingredient cost of a solar farm, according to a company source. The firm has a test deployment in Menlo Park, California, and claims it will have its first commercial deployment this month. Initial deployments could emerge as 300-kilowatt test deployments as part of larger solar power plants.
Other tracker manufacturers include Array Technologies, SPG Solar, Sedona Energy Labs, and PV Trackers. Solaria builds a solar panel and tracker combo, as well.
In January 2011, First Solar (Nasdaq:FSLR) announced the acquisition of RayTracker, a VC-funded manufacturer of utility-grade single-axis trackers. Although the terms of the acquisition were not disclosed, we later learned from Kang Sun, the founder of the tracker company, that First Solar paid approximately $45 million for the tracker firm, which had received $3.5 million in venture funding from Idealab and The Quercus Trust.
Let’s assume that the QBotix tracker technology works accurately and reliably.
Bokhari says that QBotix will match the installed price of any single-axis tracker product. A company source noted that the labor cost to install and wire the QBotix trackers at the test site was on par with current single-axis tracker labor costs for larger volume sites.
So, let’s assume that the company can achieve cost parity with single-axis trackers.
How does QBotix get this new product deployed in commercial solar fields with conservative engineering, procurement and construction (EPC) firms as customers — and even more conservative banks backing the solar projects? How does a tiny VC-funded firm back up its product in a fashion that quells the doubts of its staid channel partners?
Having Siemens as an investor (or potential customer) will help, but QBotix remains a technological departure for developers and financiers. And those parties will need to be convinced.
Notable EIR and permitting tussles at solar farms by First Solar, SunPower (Kit Fox, Giant Kangaroo Rat, etc.), and BrightSource (Tortoises, Hawks, etc.) suggest that robots zipping through field and desert will provide hours of wildlife habitat study amusement for QBotix and its customers.
Elegant, innovative, and smart, QBotix now has to sell EPCs on its new concept — and it’s not just a technological sell.
QBotix is a rare recent example of early-stage solar investing by venture capitalists — in this case with $7.5 million from Firelake, NEA, DFJ JAIC, Siemens Ventures, and angel investors.http://t.co/Ya2KAodm
One theme at the Summit is that its time is here.
David Crane CEO of capital-seeking NRG Energy, said one reason his company exited wind was to concentrate on rooftop solar. “People don’t like high voltage transmission lines,” he said. “Distributed solar doesn’t require transmission lines.”
“We’ve focused lately on distributed solar generation. I think we’ve been very creative in that space,” disclosed Jonathan Plowe, a managing director with Bank of America Merrill Lynch, a sizable capital aggregator for energy projects.