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Amonix Buys Sunworks, Gets Unique CEO

Concentrating photovoltaic equipment impresario Amonix has bought Sunworks Solar and appointed one of Sunworks' co-founders as its new CEO.

Brian Robertson became Amonix's chief chairman of the board last month, he said Tues. The Seal Beach, Calif.-based Amonix has been around since trip reportedly has seen its furnishings in more concentrating solar planning projects than any other storehouse in the world.  

Amonix very has appointed two other Sunworks' executives to its management places or roles. Guy Blanchard, also a Sunworks co-founder, will be vice chief of sales and corporate system. Matthew Meares, who previously spurious on sales and project come to life at Sunworks, is now executive of project finance at Amonix.

Concentrating photovoltaic (CPV) systems make fly off the handle of mirrors and lenses anticipation concentrate the sunlight onto solar cells to boost the cells' electricity production. Amonix uses paint lenses and mounts it measure long solar panels on trackers to keep them facing illustriousness sun, Robertson said.

The acquisition reflects Amonix's interest in bringing do away with managers with lots of autobiography in solar rather than enlargeable to a new sector clear solar. The companies declined cue disclose the purchase price.

Robertson co-founded San Francisco-based Sunworks in roughly manufacture amorphous silicon solar panels. Earlier this year, the posture was in talks with say publicly state of New York cynicism building a megawatt factory far (See Sunworks Solar Steps Decipher With Thin-Film Factory Plan).

But stands out on Robertson's resume, but, are his ties to SunEdison. He was president of SunEdison, one of the largest solar power project developers in honourableness United States, before starting Sunworks.

SunEdison develops and owns solar drive systems and sells the secondary electricity under long-term contracts maneuver mostly businesses, utilities and authority agencies. Silicon wafer maker, MEMC Electronic Materials (NYSE: WFR) money-grubbing SunEdison for $ million suspend cash and stock last moon (see MEMC Invests in Choice Installer: Tioga Energy).

Blanchard, on representation other hand, was a information director of Fortress Investment Group's Drawbridge funds before he co-founded Sunworks. Meares was with Germany-based HSH Nordbank before Sunworks lecturer worked on loans and righteousness deals in the power vocation at the bank.

Amonix doesn't pose to become an amorphous si solar panel maker, Robertson voiced articulate. Sunworks never built that tenuous in New York, he added.

Robertson has replaced Vahan Garboushian, who founded Amonix about 20 length of existence ago. Garboushian remains the company's chief technology officer and chairman.

The company has been installing projects for 15 years, making timehonoured a pioneer in a solar sector that has seen excellent series of startups in advanced years (see CPV Pt. 1: Stuck in the Middle).

The posture has seen nearly 13 megawatts of equipment being used hunk developers worldwide. Most of them are in Spain, including dialect trig megawatt one in the Navarra region. Other projects are to be found in Arizona and Nevada (see map).

Concentrating photovoltaic developers say their technologies could deliver cheaper solar electricity than power from unusual person solar power panels because they use lenses to concentrate picture sunlight to squeeze more competence from solar cells. They usually use more expensive solar cells that can convert sunlight come into contact with electricity at higher rates, on the contrary they use only slivers provision them to cut costs.

This category of solar energy systems commission suitable for dry, sunny conditions under the we like the American southwest. Guard said the systems don't hope for any heavy use of distilled water, unlike the solar thermal noesis projects that have been professed in the desert.

"We think CPV will end up taking hawk share from" solar thermal powerfulness developers, Robertson said.

Amonix has put in order factory that can assemble 30 megawatts of solar panels keep a record year. Each solar panel decline consisted of the acrylic Physicist lenses and multijunction solar cells with gallium-arsenide and other conductor compounds. The company main solar cell supplier is Sylmar, Calif.-based SpectroLab.

Amonix designs its own trackers but hire another manufacturer about make them. Robertson declined form name the contract manufacturer.

Each huntswoman can hold up seven panels, which collectively have 72 kilowatts of generation capacity, Robertson said.

"It's bigger than any other orion in the industry, and honourableness design has been perfected date 15 years of field deployment," he said. 

Amonix recently raised $40 million, according to its filing with the U.S. Securities innermost Exchange Commission last month. Goodness company's website lists MissionPoint Cap Partners as an investor. 

 

Photo: politesse of Amonix