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Hawaii Business Magazine – Innovation Award 2010

Posted by admin on February 7th, 2010

SB_DarenKimura

Innovation Award:

Sopogy

Being Part of the Solution to Big Global Problems

Growing up in Hilo, Darren Kimura saw dock strikes and the closings of sugar plantations and wondered why Hawaii’s people could not be part of their own economic solutions. When the University of Hawaii graduate decided to start a solar-energy business, he chose the much-riskier route of creating new technologies rather than distributing and selling existing products and services.

“Hawaii not only imports oil and exports our dollars for our energy, but we also import technology for renewable energy and export dollars for that, too,” he says. “Renewable energy is the new agriculture and technologies can be designed, developed and deployed here, bringing clean green power to the Islands, but also sold around the world from Hawaii.”

As proof, Sopogy’s invention and manufacture of a unique solar concentrating panel has evolved a new technology called “MicroCSP” (Micro-Concentrating Solar Power), a miniaturized version of larger, decades-old CSP technologies operating in the world’s hot deserts. Reducing the size and improving the durability for a proven solar-energy technology means places like Hawaii – with an ocean salt and volcanic atmosphere, limited land space and tropical-storm weather – can harness sunlight on a large scale for energy.

In December, Sopogy unveiled the world’s first and largest MicroCSP facility, a 4-acre, 500-kilowatt-capacity solar farm in Kona on the Big Island, which can power more than 250 homes and cut oil imports by 2,000 barrels annually. The company says its scalable and modular MicroCSP solar-power collectors, together with its proprietary technologies, have caught international attention and a project is now proposed for Spain. From 2007 to 2008, revenues for the Honolulu-based company of 30 employees soared 680 percent.

However, Kimura says, it wasn’t an overnight success for Sopogy, which is an abbreviation of the words solar-power technology. He started the company in 2002 with his own money and spent the first five years without a profit, while focusing on the development of CSP intellectual properties.

New uses being explored for Sopogy’s technology include creating clean drinking water from sea water and manufacturing portable refrigeration units for farms. These uses are all part of the small company’s big ambition to be part of the solution to the global problems of climate change, energy security and sustainability.

“The culture of innovation has been, and remains, the key to Sopogy’s growth,” says Kimura. “We have the intelligence here in Hawaii to make us the beacon for the rest of the world when it comes to clean and green power.

-By Gail Miyasaki

A123’s IPO Already Bringing Hope to Other Cleantech Startups

Posted by zjafar on September 24th, 2009

A123’s IPO Already Bringing Hope to Other Cleantech Startups

By Chris Morrison | Sep 24, 2009

Hours ahead of battery maker A123 Systems‘ initial public offering, optimism is already running high that the company will crack open a stagnant market and convince investors that they should also buy into other stock offerings.

A123 made an 11th-hour call yesterday to raise the price its opening price by 23 percent, to a range of $10 to $11.50. If the company gets traction it will bring in about $250 million. That’s not bad, for a firm that lost $40.7 million in the first half of the year. Its revenue was only slightly higher, at $42.9 million.

But A123 is well positioned. It started off selling batteries into the power tool market. That led to electric cars — which are not yet common on the road, by any means. The expectation is that electric vehicles will multiply rapidly in coming years; even if they don’t, A123 is also starting to make batteries for utilities, to store excess capacity from solar or wind power farms.

Battery technology also takes a long time to perfect, meaning newer competitors could take years to catch up to A123, offering some stability. So as startups go, it’s a good company to attract attention from the stock markets during a protracted downturn. The question is whether others can follow in A123’s footsteps.

I’d say “yes”, and here’s why: Investors seem to be wising up to what actually works in cleantech. When A123 first filed for an IPO last year, it was in a group of other renewable energy companies, including Imperium Renewables, a biodiesel maker. That company burned through a massive amount of cash very quickly, and is now in no position to have an IPO, or do much of anything else.

Ditto for dozens of other biofuel companies, including corn ethanol busts that did go public, like Verasun and Pacific Ethanol. But, as with the internet boom, all this simply meant that investors were still getting their bearings. It wasn’t yet evident which areas of cleantech would make for the best bets.

Now the picture is becoming clearer, and companies like A123 are offering growth prospects that are based on more than just hype.

There’s also a line of other companies that have met with some success, and are just waiting for the chance to go public. There are some obvious candidates here. Tesla Motors, the electric car maker, is working on its second model and would probably be thrilled to go public. Silver Spring Networks, a smart grid equipment maker, has inked dozens of deals, and will need cash to expand.

First Wind, a wind developer that filed around the same time last year as A123, is probably still waiting for its chance. And then there are the solar companies who have more or less proven their technology and already drawn in lots of private financing: Solyndra, Nanosolar, BrightSource and some smaller ones like Sopogy.

It takes a while to complete an IPO application, but chances are some of the above (and some not mentioned) are already hard at work. Others will probably join in once the results from A123 come back. Next year will be one to watch.

Original Story at: Bnet.Com

Biomimicry: Sopogy’s technology mimics nature

Posted by admin on September 19th, 2009

Hawaii Innovation Podcast

Mobile Users: Podcast

Nature has been showing us all along…

plumeria leaf

All great inventions have sought to mimic nature, whether their creators realized it at the time or not. From aircraft that fly among the birds, to mirrors that reflect images as only a still pond once could, to semiconductors that mimic intelligence, to the skyscrapers that rise to the sky like magnificent glass and metal trees. Those who tune in to nature and allow it to speak to them have an abundance of knowledge not available to others.

For those of us living in Hawai?i, we know that turning to the powerful and inspirational source of nature will often generate the most creative and successful solutions to even the most difficult problems.

Biomimicry

One aspect of nature humans have been trying to mimic for quite some time now (albeit unsuccessfully on a global scale) is its limitless abundance of energy. Since the age of industry, the resounding question has been, “how do we harness this energy to fulfill the unrelenting demands of our modern day needs?” If we borrow a page from nature, particularly plants, the answer becomes evident.

Plants derive their growth from processing the divine energy of the sun. They transmute sunlight into energy through the natural process of photosynthesis. Decades ago, an incredibly tuned-in individual realized this could be replicated, and gave birth to the idea of the first photovoltaic panel. A photovoltaic panel is fundamentally the best attempt at producing a synthetic plant: It converts the sun’s direct energy into electricity, just as the plumeria tree converts sunshine into fiber, leaves and fragrant flowers. Although photovoltaic panels are effective at converting some of the sun’s energy, they are inefficient at fully capturing all of the potential energy that falls upon their surface every day.

A New Approach to Solar Energy

One Hawai?i entrepreneur, Darren Kimura, has taken the concept of artificial photosynthesis one step further, in a technology he calls Micro Concentrating Solar Power, or MicroCSP™. His company, Sopogy, Inc., simplifies power generation with cheap metal, a few mirrors and a tube filled with an organic heat transfer fluid. “Nature is the ultimate industrial designer,” Kimura says.”We simply copied the best parts from her collective works and incorporated them into the MicroCSP™ technology form.”

collectorSopogy’s™ Unique MicroCSP™ SopoNova™ design allows for maximum exposure to the sun

Sopogy gets its name from the words “solar,” “power” and “technology.” Its MicroCSP™ collectors are in use around the globe, including the Middle East, Europe and Asia. Kimura’s collectors mimic the way plants convert energy in nature. Kimura’s patented process extracts solar energy by heating an organic solution (usually mineral oil.) The vapor is then used to spin a turbine and generate electricity. The design is based on a metal parabolic U-shaped trough, similar to the broad leaf of a plant. The “working fluid” is like the stem and root system of a plant, a literal “power plant!”

Sopogy’s design also includes the “phototropic” ability to follow the sun across the sky throughout the day, the way many plants do on earth. The result is an effective and efficient energy production unit in a highly scalable form, just 12 feet long by 5 feet wide, ideal for distributed energy applications.

Cooling Power for Southern California Gas Company

This summer, Sopogy announced an agreement with Southern California Gas Company to produce more than 10 tons of cooling power in an air-cooling unit that will generate significantly lower costs and emissions than a typical air conditioning system. “It isn’t obvious that solar thermal energy can be used to create air conditioning, but the efficiencies in doing so are incredible and the system displaces the burning of a significant amount of fossil fuels,” said Kimura.

Kimura is an example of a Hawai?i-based executive who continues to be inspired by nature. What better reservoir of inspiration than the system to which we are all intrinsically interconnected? Nature shares her lessons freely. If we could just listen, we might also learn how to make things less complicated than they need to be. From humble beginnings on the Big Island to commercial sites throughout the world, Sopogy is an example of how simplicity, inspired by nature, can help improve the quality of life and protect our planet for future generations to come.

Where in the World is SopoLite?

Posted by zjafar on September 18th, 2009

Track SopoLite™ as it travels around the Nation and the World!

SopoLite™ is a fully functional mobile lab unit used to gather data and evaluate a project site’s potential.  Its name comes from the term Satellite as the SopoLite™ is designed to be a stand-alone instrument. The system is a miniature version of Sopogy’s parabolic trough solar collector, SopoNova™ and is used as a mobile lab to collect data and thermal performance at any given location.  Various sensors on the SopoLite™ are used to measure temperature gains, flow velocities, solar irradiance, wind speed, rainfall, ambient temperatures and thermal performance of the collector. The information is transmitted back to Sopogy headquarters where our team of engineers, correlate the solar conditions with modeled data to ensure project viability.

Sopogy™ is deploying SopoLite™ across the US and around the World in an effort to collect relevant solar data useful for evaluating locations across the globe to determine the quality of their solar resources. So far, SopoLite™ has been deployed to the following locations:

  • SopoLite™ started its journey at Sopogy’s headquarters in Honolulu.
  • From there, SopoLite™ traveled to a Department of Hawaiian Homelands Building in Kapolei on the Island of Oahu
  • Currently, SopoLite™ is at the Makena Wastewater Treatment Facility on the Island of Maui.
  • Another SopoLite™ Unit is also collecting data in Costa Mesa, California

Where will SopoLite™ end up Next?

SopoLite

Fossil Free First Fridays

Posted by admin on July 29th, 2009

Please join Sopogy as they observe “Fossil Free First Fridays”. August 7, 2009 is the very first raman amplifierFossil Free First Friday and the aim is simple: reduce carbon by using alternative means to commute to the office. Take mass transit, bike, run or car pool to work and help us reduce our dependency on oil!

JOIN US ON FACEBOOK! 1000 SopoFans by 2010

Posted by zjafar on March 31st, 2009

facebook_logo

Since the economy sucks, our resolution for the New Year is to make 2009 a year to make new friends and have fun. Our goal is to get to 1000 SopoFriends on Facebook in 2009!

Sopogy Receives Plant Engineering Gold Product of the Year

Posted by zjafar on March 31st, 2009

dsc_0592Charleston, SC— Sopogy, Inc. MicroCSP™ Solar Collector “SopoNova 4.0™” won Gold in the Plant Engineering Product of the Year 2008 in the category of Electrical Power. The Plant Engineering Product of the Year Awards honor the most innovative and useful products introduced to the industrial plant engineering market each year. The Gold, Silver, and Bronze Awards in each category were presented at the Plant Engineering Manufacturing Summit Gala on Monday March 30, 2009 in Charleston, South Carolina.

The Product of the Year 2008 Gold Award marks continuing recognition for SopoNova 4.0™’s excellence in the industry. SopoNova 4.0™ combines the reliable performance of conventional concentrating parabolic trough technologies with several novel and revolutionary features that include the world’s first 270 degree MicroCSP tracker, integrated stands, automatic operation, and custom controls. The modular, versatile, and scalable solar collector uses mirrors and lenses to concentrate the sun’s rays and generate solar electricity, process heating, and solar cooling. The technology captures cost efficiencies by operating in lower temperatures which enable general contractor installation and low cost thermal energy storage.

“We are delighted and honored to receive Gold Award for Product of the Year 2008,” said Sopogy CEO and President, Darren Kimura. “This award not only encompasses prestige, but is a symbol of quality and innovation in the industry. We would like to thank the editors and staff at Plant Engineering, as well as all the readers who voted for SopoNova 4.0™.”

The Plant Engineering Product of the Year Awards are the premier honor for new products and among the most sought-after distinctions by manufacturers when establishing new products in the plant engineering industry. One hundred and fifty finalists in sixteen categories were selected by a panel of judges consisting of plant engineers for publication in Plant Engineering Magazine. Subscribers and readers then voted on their choices for the best products using an online ballot.

About Sopogy
Sopogy specializes in MicroCSP solar technologies that bring the economics of large solar energy systems to the industrial, commercial and utility sectors in a smaller, robust and more cost effective package. Sopogy’s goals include to create solar solutions that improve the quality of life for all human kind and to bring order and simplicity to the chaos which is the current solar power business. Please visit www.sopogy.com for more information.

Spain plant expands Sopogy’s global strategy

Posted by zjafar on January 5th, 2009

Pacific Business News (Honolulu) – by Nanea Kalaniмебели Pacific Business News

Building a multimillion-dollar solar farm in Europe over the next two years is part of Honolulu-based Sopogy’s strategy to get its solar technology deployed around the world.

The company announced last week that it will build a 50-megawatt system in Toledo, Spain, using its proprietary technology in partnership with a German energy financier and a Spanish project developer. The system could generate enough electricity to power 15,000 homes.

Sopogy founder and CEO Darren Kimura said the Spanish project, expected to be completed by the end of 2010 and cost about $300 million, is part of the company’s plans to expand its presence abroad as the U.S. financial market wanes.

“For about a year now, Sopogy has felt that it’s necessary to diversify and become more global,” Kimura told PBN. “Because our technology offers higher production and lower capital costs, we’re looking for sites where our technology has the best value, and the best value today lies in the European market.”

Scoops: Who’s moving, buying, opening, changing, winning

Posted by zjafar on January 5th, 2009
Pacific Business News (Honolulu) – by PBN Staff
Renewable energy energizes retired HECO executive

T. Michael May, who retired Aug. 1 as CEO of Hawaiian Electric Co., has teamed up with local entrepreneurs to find renewable energy sources for Hawaii.

May, 62, has equity ownership and is a board member of Sopogy, which specializes in solar power collectors. He also has equity ownership in Natural Power Concepts, an alternative energy technology incubator. And, he is involved in at least two other soon-to-be-named tech firms run by entrepreneurs in their 30s.

“It’s invigorating to be with people who have a passion for what they are doing and using their experiences and skills to quickly launch new dreams in products,” May said, adding that most of his time this year will be spent capitalizing on new ventures, and taking the ideas to market.

His wife, Carol Ai May, vice president of City Mill, thought he would take it easy during retirement.