Fast Facts

About:
Amonix is the leading designer and manufacturer of concentrated (CPV) solar power systems which require no water in power production, use land more efficiently, and produce more energy per acre than any other solar technology. Amonix was founded in 1989 and is headquartered in Seal Beach, CA, with additional facilities in Torrance, CA and North Las Vegas, NV. With 22 years in business, 17 years of real-world CPV deployments, and eight generations of system development, Amonix is the proven best choice for utility-scale solar in sunny and dry climates. Designed for utility-scale installations, Amonix ­systems deploy quickly and achieve optimal performance and reliability while delivering renewable energy at industry-leading low operating costs based on 29% system efficiency (31% module, 40% production cell).

Technology:
CPV technology uses optics to focus large amounts of sunlight onto small photovoltaic surfaces to generate electricity more efficiently than other solar technologies. CPV has higher efficiencies, higher energy yield and lower overall system costs than traditional PV in sunny and dry climates and requires no water in operation, less land and is less disruptive to the land than Concentrated Solar Power (CSP). As a result, CPV has the potential to displace traditional PV and CSP in utility-scale projects in sunny and dry climates.

Product:
The Amonix 7700 CPV solar power system is powered by the world’s most efficient multijunction solar cells and delivers system efficiencies greater than 29% (31% module and 40% production cell). The system consists of seven proprietary MegaModules and uses dual-axis tracking, generating more than 40% more energy than conventional fixed-tilt solar panels.

Founded:
1989, privately held

Leadership:
Brian Robertson, Chief Executive Officer
Vahan Garboushian, Founder and Chief Technology Officer
Patrick McCullough, Chief Financial Officer
Guy Blanchard, Senior Vice President, Sales and Corporate Development
Paul Russell, Senior Vice President, Engineering

Board of Directors:
Vahan Garboushian, Chairman
Mark Cirilli, Founding Partner, MissionPoint Capital Partners
Brian Robertson, Director
Ben Kortlang, Partner, Kleiner Perkins Caufield & Byers
Zeb Rice, Managing Partner, Angeleno Group
Matt Ryan, President, CEVA Logistics
Michael Skelly, Principal, Clean Line Energy Partners

Funding:
Amonix received $129.4 million in a Series B financing round, which closed in April 2010. Also in 2010, Amonix received $9.5 million in stimulus funding as part of the federal Recovery Act’s Advanced Energy Manufacturing Tax Credit, which will lead to 269 new clean energy manufacturing jobs in Nevada and 167 new jobs in Arizona. Amonix previously raised $25 million in Series A funding, and also received $15.6 million in grant funding through the Department of Energy Solar America Initiative (SAI).

Investors:
Kleiner Perkins Caufield & Byers
MissionPoint Capital Partners
Angeleno Group
PCG Clean Energy & Technology Fund
Vedanta Capital
New Silk Route
The Westly Group
Adams Street Partners
Goldman Sachs

Headquarters:
Seal Beach, California, USA 

Manufacturing:
North Las Vegas, Nevada, USA

For More Information:
http://www.amonix.com

Media Contact: 
Kelly Rice
Amonix
Tel: 562-446-8713
krice@amonix.com