Banyan Energy
Banyan Energy ceased operations in August 2016.
Solar manufacturers are struggling to stay cost-competitive in an over-supplied industry with rapidly falling prices. Banyan Energy’s OptiWave™ solar concentration technology fundamentally transforms the economics of the solar power industry.
​
Banyan optics integrate into standard solar modules, allowing the world’s leading manufacturers of high-efficiency crystalline silicon solar cells and modules to dramatically lower costs and increase return on capital.
​
Banyan’s OptiWave™ technology, based on a breakthrough in waveguide optics, increases power output from each cell by 5-10x.
This enables manufacturers to produce modules with high power output using a fraction of the number of cells by 80-90%. And OptiWave™ technology leverages existing infrastructure: the same cells, manufacturing processes, and system integration practices that dominate the solar industry today.
​
Modules containing Banyan technology are deployed in one of the fastest growing market segments in the solar industry: large, ground-mounted, single-axis tracked installations. The cost of electricity is reduced, thus giving manufacturers a strong competitive advantage.

Category: Renewable Energy
Based in: Berkeley, CA
Founded in: 2007
Website: None