Uriel Solar (“Uriel”) is a mid-stage, advanced technology company developing what we expect to be the most efficient and economical solar panels on the market.
Uriel’s solar cell and panel will have a practical efficiency of 30%, and will outperform any other scalable panel in power conversion efficiency, at a cost per watt comparable or less than that of any other panels on the market. This efficiency level is unheard of in the commercially competitive solar market. At a “levelized” cost of energy as low or lower than $0.03 per kilowatt hour, it will radically reduce the total systems cost of solar power generation.
With a unique and patented solar cell structure built from the only two production-proven, commercially competitive technologies on the market, crystalline silicon (c-Si) and polycrystalline cadmium telluride (CdTe), Uriel’s design is a two-junction (tandem) solar cell. It combines an inexpensive, conventional, commodity level crystalline silicon bottom cell with a proprietary inexpensive, cadmium zinc telluride top cell. Final panel assembly is essentially identical to commodity silicon solar panels. Providing considerable headroom for performance improvement as the technology penetrates the market, our panel has a theoretical maximum efficiency of 40%.
Dr. James Garnett, CEO of Uriel Solar, was senior department manager for the largest group within the Detector Operations segment of Teledyne Imaging Sensors, before co-founding Uriel Solar with Dr. Peter Dingus in 2008. In 2004, Dr. Garnett was presented the Congressional Space Act Award for ground-breaking work on the largest infrared Mercury Cadmium Telluride detector array in the world for high performance space applications.
Uriel has raised $7.5 million in private investment and has built a first class development facility in Westlake Village, CA, just north of Los Angeles. Uriel holds five domestic patents, two foreign patents (one each in Japan and Canada), and has five additional patents pending (two domestic and three international under the PCT).