Practical Instruments Changes Name to Soliant Energy
3/15/07 – Practical Instruments CEO Brad Hines this week announced that the Pasadena-based company is changing its name to Soliant Energy, a move that comes just a week after the U.S. Department of Energy awarded the company a $4 million grant to accelerate the on-going development of its Heliotube product platform.
Hines tells StartUp Beat that the name change was simply a branding decision.
“Our new name reflects the solution our technology offers - reliable solar energy,” said Hines. “As the solar industry continues to enjoy record growth, it's important that we make it easy to communicate Soliant's value proposition to current and future partners and stakeholders.”
The announcement was made by Hines during an address at the fourth International Conference on Solar Concentrators (ICSC), in El Escorial, Spain. The address entitled "Trends in the Economics of Solar Concentrators" discussed the recent progress of solar concentrator technology and the economic environment created by incentives world-wide.
Hines, a former NASA chief architect, said in his address that the market opportunity for concentrating photovoltaics has never looked brighter.
“Solar concentrating technology solves one of the key problems that has previously limited growth in the solar sector: cost,” he said. Hines also noted that as clean energy incentives become more performance based, concentrators will command more attention due to their superior capacity factors and annual energy yield.
According to Soliant, the ICSC is the preeminent global platform for solar technology experts to discuss cutting-edge research, industrialization and commercialization of solar concentrators for generating electricity or hydrogen.
Soliant Energy – www.soliant-energy.com
Comments
I am interested in whether this change of name has anything to do with Soliant LLC from South Carolina who have a patent on fluorex bright film. This chrome finish plastic has the potential of dramatically reducing the cost of the trough mirrors being used by soliant-energy. Just curious.
Posted by: Alex Fiedler | May 22, 2007 10:04 PM