Picasolar Announces $2 Million SunShot Award

Picasolar CEO Douglas Hutchings announces the company's SunShot Incubator Award at the Arkansas Research and Technology Park on on Wednesday.
Submitted photo

Picasolar CEO Douglas Hutchings announces the company's SunShot Incubator Award at the Arkansas Research and Technology Park on on Wednesday.

FAYETTEVILLE, Ark. – A $2 million grant to Picasolar Inc. announced Wednesday demonstrates the importance of the Arkansas Research and Technology Park in fostering new companies that create jobs through the commercial development of new technologies.

The U.S. Department of Energy’s SunShot Incubator Award will be matched with $2 million from Picasolar, a solar start-up company that is affiliated with the research park, an innovation hub that works in association with the U of A to commercialize emerging technologies.

The SunShot award is the result of the company’s patent-pending hydrogen super emitter process to increase the efficiency of solar cells and could ultimately lead to new high-tech manufacturing jobs in Northwest Arkansas.

Jim Rankin, vice provost for research and economic development at the U of A, said Picasolar’s solar cell technology was developed by U of A students under the mentorship of Hameed Naseem, professor of electrical engineering.

“Picasolar is a great example of the startups and jobs that are being created here at the research park that are benefiting the state,” Rankin said. “Energy and the environment is one the six interdisciplinary strengths at the university. Picasolar is a prime example of the benefits from the research in that area.”

Douglas Hutchings, Picasolar’s founder and chief executive officer, said the SunShot award is among the most prestigious and competitive grants a solar start-up company can receive. Hutchings founded the company in 2013.

The latest SunShot award will use the latest grant to begin using its hydrogen super emitter technology in a pilot manufacturing project, with the goal of producing 1,000 solar panels with the technology inside. The technology improves solar cell efficiency and reduces the amount of silver needed in the manufacture of solar panels, making them more marketable and affordable.

Picasolar is partnering on the project with Yingli Green Energy Americas, a top global solar panel manufacturer, and the Energy Research Center of the Netherlands, a worldwide leader in solar technology development.

“We are convinced that when we get to the point when we can deploy Picasolar’s technologies in our production line, we will have a clear advantage over our competition,” said Sergiu Pop, R&D director for Yingli Green Energy Americas.

 

Contacts

Chris Branam, research communications writer/editor
University Relations
479-575-4737, cwbranam@uark.edu


Headlines

Tyson Family Adds $1 Million Gift During Dedication of Iconic Research Building

John Tyson, chairman of Tyson Foods, announced a new gift during dedication ceremonies for the new Don Tyson Center for Agricultural Sciences.

U of A Faculty, Staff, Students Present Research at National Association Meeting

University of Arkansas faculty and staff members and graduate students took part recently in the American Association for Adult and Continuing Education annual conference in Memphis.

Exercise Science Doctoral Students to Talk About Their Research Friday

Wesley Haynie and Hyun-Gyu "Sean" Suh, doctoral students in exercise science, will give research presentations from 3 to 4 p.m. Friday, Nov. 17, in HPER 311.

MyDocs, Gizmo, SharePoint and Other Services Affected by Weekend Maintenance

On Saturday morning, MyDocs, Gizmo, SharePoint and other systems relying on the SQL server will be briefly interrupted during routine Windows Server maintenance.

Participants Needed for Study Examining Effect of Diet on Health in Families

The Department of Food Science is recruiting families, defined as at least one parent/guardian, with at least one child between the ages of 6-12 years to participate in a nutrition study.

Newswire Daily