Solar startup Stellaris, which won first place in the MIT Enterprise Forum’s clean energy business plan competition this year, said Monday that it expects to launch its low-cost, high-efficiency solar modules next year.
The company has a concentrating solar technology that it said will cut the cost of solar modules by 40 percent and convert 20 percent more sunlight into electricity, compared with current solar energy systems.
Stellaris won first place in MIT’s Ignite Clean Energy Business Presentation Competition on Thursday, netting $15,000 in cash, office space worth $25,000, and legal services worth $7,500.
“Winning this competition will greatly increase our visibility with potential investors on both coasts, and for this we are grateful,” said Stellaris President Jim Paull. “It’s rewarding when a team of industry experts from energy technology companies, venture capital firms, and academic technology experts confirm that you are on the right track.”...Read More
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