Eric Coupal-Sikes · Thu, 07/15/2010 - 15:36
Business
Business Overview:
The Only company in the world using solar/thermal concentrating system for renewable electrical energy generation with grid parity levelized cost of energy today and a path to get to 40% less than grid parity in the next few years using patent pending technology for CPV and CST applications.
Project Type:
Industry:
Project Website:
http://AhuraEnergy.com Services Desired:
Human Capital/Recruiting
Who is the Customer?:
Power companies such as PG&E for small PPAs. Concentrating Photovoltaic (CPV)/Concentrating Solar Thermal (CST) companies such as Energy Innovations, Esolar, Solfocus, Ausra, Solel, and others which we will pursue OEM or licensing agreements with. In addition, we will contact traditional roof top solar panel manufacturers and suppliers such as Q-Cells, REC, Sunpower, BP Solar and others for licensing deals and/or OEM agreements with us due to better than 250% more power per unit area for roof top applications when compared with these companies’ products.
What is the Customer Pain that you are solving?:
Our company is the only company in the world with a grid parity levelized cost of energy today and a fault tolerant architecture which is more reliable than present coal/natural gas and nuclear based power companies.
Competition:
Ahura Energy is aware of no current direct competitors with our market penetration business strategy, in addition the present CPV/CST systems companies and traditional roof top panel manufacturers will have no competitive edge over us in their cost of energy produced.
The product complete cost has been determined to be 70% less than the closest competitor today and is projected to be 40% less than grid parity within 3 years.
Technology
What makes the technology/business unique and have a defendable competitive advantage?:
Ahura Energy is a lot more “Shovel Ready” than the PV based companies. In less than 1 year, the company will be shovel ready and will be able to benefit from a $80B loan guarantee that is available from DOE. This will create investment conditions which will maximize the ROI for investors due to non dilutive government funds, while advancing our technology for mass production. Thousands of sustainable green jobs will be created that increase share holder value. In contrast, it will take at least 18 months or more for the PV based companies to start manufacturing after receipt of their funding. These companies have a levelized costs of energy (LCOE) that are at best presently at $3.60/W, which is equivalent to about 18 cents/kWhr (e.g. FSLR). It is envisaged that they will at best reduce their costs to $0.15/kWhr in the next 3 to 5 years.
What, if anything, has been proven (and how far is this from a commercial scale)? :
We have developed a working prototype and are now working on several demonstration systems which will generate revenue with sales to a northern California power company based on purchase power agreements (PPAs). Founder has injected in excess of $1.5M into the company.
Patent Numbers (Filed/Approved):
1 pending with 60 claims, many more documented and will be filled after funding
Team
| Name | Title |
|---|---|
| Dr. Fareed Sfard | CEO |
| Dr. J. Barnes | VP |
| Dr. Mohammad Taghi | CTO |
| Mr. Shawn Dehpanah | VP |
| Mr. John Keyashian | VP |
Financials
Amount Sought:
$5,600,000 If raising funds, what shall the funds be used for?:
Bank has approved our $28M loan, looking to raise $2.8 to $5.6M as an equity investment to help close our financing round and $28M as a loan from our bank to complete our production worthy demonstration system, which as an added incentive, will generate revenue based on purchase power agreements (PPA) with PG&E. Break even point will be within 36 months.
Funding Stage:
Pre-Revenue Testimonials
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