SAN MATEO, Calif., June 23, 2011: Pythagoras Solar, provider of Photovoltaic Glass Unit (PVGU) technology, the industry's first solar window to simultaneously deliver energy efficiency, high power density and transparency, has been selected as a winner of GE (NYSE: GE - News) ecomagination Challenge, which recognizes the most promising building energy innovations. Winners were selected from approximately 5,000 entrants based on originality, feasibility and potential impact. Pythagoras Solar's window technology, an innovation for the real world, revolutionizes the design and construction of buildings, and answers market demand for aesthetically appealing architectural solutions that offer sustainability benefits and fast return on investment. With commercial installations underway, a growing project pipeline, and this prestigious award, Pythagoras Solar is well positioned for success in the global marketplace.
"After one year and $134 million committed to new partners, we delivered on our goal to scale and commercialize the best new ideas through open innovation," said Beth Comstock, senior vice president and chief marketing officer, GE. "The power of networked ideas, collaboration and partnerships to accelerate innovation represents a gathering force whose impact will be a significant driver in the future of business."
"GE sets high standards and we are proud that our technology has been recognized as a distinctive solution, ready for the real world and set to enable a market shift towards net zero energy buildings," said Udi Paret, VP Marketing and Business Development, Pythagoras Solar. "This award, along with its $100,000 prize, validates our proposition and supplements the increased interest we are seeing from successful pilots, first commercial projects and growing product demand."
The Challenge, a collaboration of venture capital firms RockPort Capital, KPCB, Foundation Capital, and Emerald Technology Ventures is part of GE's ecomagination initiative, a global commitment to build innovative clean energy technologies. The other innovation award winners include PlottWatt, Suntulit, Viridity and Xergy.
About Pythagoras Solar
Founded in 2007, Pythagoras Solar is uniquely positioned at the intersection of energy efficient building materials and photovoltaics. The company provides building integrated photovoltaic (BIPV) products that enable the architecture, engineering and construction sectors to design buildings with increased energy efficiency, renewable power generation and appealing aesthetics, thereby increasing real estate value. Pythagoras Solar will advance distributed power generation, help achieve Net Zero Energy Buildings and have a lasting impact on green building and urban planning. Pythagoras Solar is a privately held company with operations in the United States, Israel and China.