ZenithSolar, an Israeli start-up company to license revolutionary solar energy technologies, will be launching its first "solar farm" in April 2009 based on Concentrated Photovoltaic (CPV) systems. Developed by Prof. David Faiman, Chairman of the Department of Solar Energy and Environmental Physics at the University's Jacob Blaustein Institutes for Desert Research, the system will harvest more than 70% of incoming solar energy as compared to industry norms of 10% to 40%.
More than $10 million of privately-raised capital from investors around the world has been invested in adapting the technology to real world conditions. The $1.5 million outlay in the solar farm is providing a model that can be duplicated around the world. ZenithSolar plans to have models of the solar units available for wider distribution by the end of 2009.