GlobalWatt and Utah-based Sol-Ice Engineered Systems plan to combine their technologies to increase the efficiency of solar panels and reduce in-building energy needs through a combined solar-thermal module.
The companies said the product will result in improved solar photovoltaic module efficiency as solar heat is synched away, and reduced in-building energy consumption as solar heat energy is removed from the roof and transferred to pre-heat storage water.
It will be marketed to the hotel and hospital industries first because of their large hot-water requirements and overall energy consumption.
“Sol-Ice fits GlobalWatt’s overall market strategy by allowing us to develop specialty applications to accelerate return on investment for solar technology, and to promote our philosophy of combining U.S. ingenuity and manufacturing with real bottom-line results for our shareholders and investors,” GlobalWatt CEO Sanjeev Chitre said in a news release. “This alliance is optimally timed, as we are expanding our production facilities and creating new jobs to meet the anticipated demand for this technology.”