Silicon Valley / San Jose Business Journal honors Cogenra's solar cogeneration technology
MOUNTAIN VIEW, Calif.--Cogenra Solar, a leading provider of distributed solar cogeneration systems and renewable energy service solutions, today announced it has won a 2012 Ideas and Innovations Award from the Silicon Valley / San Jose Business Journal. Recognized in the energy category, Cogenra was honored for its solar cogeneration technology that produces five times the energy, three times the greenhouse gas reductions and twice the financial savings over traditional solar panels.
"Cogenra's technology is designed to be both practical and affordable, delivering heat and electricity in one hybrid solution. Organizations around the world have selected solar cogeneration as their renewable energy solution to reduce costs and support their sustainability efforts."
"It's an honor to have been recognized for our contribution to energy innovation in Silicon Valley, the hub of pioneering cleantech companies," said Cogenra's CEO Dr. Gilad Almogy at the award ceremony last Thursday evening. "Cogenra's technology is designed to be both practical and affordable, delivering heat and electricity in one hybrid solution. Organizations around the world have selected solar cogeneration as their renewable energy solution to reduce costs and support their sustainability efforts."
Cogenra combines proven photovoltaic (PV) and solar thermal technologies to deliver low-cost electricity and hot water in one modular and scalable system. Capturing up to 75 percent of the sun's delivered energy, Cogenra's technology maximizes energy production by producing hot water from the waste heat of PV generation. Performance and efficiency advantages drive industry-leading payback periods of four to six years for industrial and institutional sites.
Cogenra's solution is being rapidly adopted into a variety of industries such as the military, food and beverage, hospitality, healthcare and multi-tenant housing including college dormitories, corporate campuses and assisted living facilities. Most recently, the company announced installations as Facebook's new headquarters in Menlo Park and the University of Arizona.
Organized by the Silicon Valley / San Jose Business Journal, the Ideas & Innovations Award celebrates the most cutting edge advancements in technology and science, and the companies and individuals that are leading the way. For a complete list of 2012 winners visit http://www.bizjournals.com/sanjose/event/51221.
About Cogenra Solar
Cogenra Solar is a distributed solar cogeneration company that combines photovoltaic and hot water collection to deliver low cost electricity and heat generation for commercial, industrial and institutional facilities. With the industry's first Heat & Power Purchase Agreement (HPPA), Cogenra offers clean, renewable energy below utility rates while reducing natural gas and grid-fed electricity consumption. Cogenra is located in Mountain View, California. Please visit www.cogenra.com for more information.