News & Press Releases

PV Powered Teams with Boeing to Maximize the ROI of Solar Energy Systems
Boeing team will receive over $13 million funding over next three years as part of the DOE Solar America Initiative program.

Bend, ORE - May 7, 2007

PV Powered, Inc. announces that the U.S. Department of Energy (DOE) has selected an industry team, headed by Boeing Phantom Works and including PV Powered, Inc., to receive more than $13 million in funding over the next three years under the auspices of the DOE's Solar America Initiative (SAI). The SAI will accelerate the development of advanced solar electric technologies with the goal of making solar power cost-competitive with other forms of renewable electricity by 2015.

Over the course of the program, PV Powered will develop and contribute enhanced solar power inverter technology to the Boeing team, improving the reliability, efficiency and operating life of solar power generation systems. Improvements in inverters from PV Powered and in technologies from other partners will be integrated with Boeing's advanced solar cell technology to produce complete high-efficiency systems.

"Boeing Phantom Works, the advanced R&D organization at Boeing, has assembled a team from the best in industry across all the disciplines needed to successfully develop, field and support a concentrating photovoltaic power system, and PV Powered is an integral part of our team," said Russ Jones, Boeing Phantom Works program manager for the SAI project. "We are very pleased with our collaboration to-date and are looking forward to working with them to achieve our goals under the SAI."

"PV Powered is a leader in developing high efficiency systems that maximize the conversion of solar energy into reliable power," said Gregg Patterson, PV Powered CEO. "We will contribute our expertise in building high-efficiency solar inverters to reduce the cost of ownership of solar energy systems, helping more people to benefit from this renewable energy source."

About PV Powered

Founded in 2003 and based in Bend, Oregon, the privately funded company designs, manufactures and markets the solar industry's most efficient photovoltaic solar inverter solutions. With thousands of its products in use nationwide, PV Powered brings together one of the most experienced design teams in solar power electronics.

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Media Contact:

Bob Patterson
MKTX, Inc.
Ph: 503-646-6589