U.S. utility AES has made a strategic $8.6 million investment in Sydney-based 5B, in a show of confidence in the company’s prefabricated, redeployable solar technology.
The funds will help the startup to scale up its operations. It has already been tapped to build the world’s largest solar farm near Tennant Creek in Australia’s Northern Territory.
Maverick is the name of 5B’s modular PV systems, which come preassembled onto concrete blocks that replace conventional mounting structures. A single Maverick is a ground-mounted DC solar array block of 32 or 40 PV modules, which can be made with any standard framed 60 or 72-cell PV module.
Prebuilt Mavericks can be folded up, packed onto trucks for transport, unfolded, and then connected to a home or business in less than a day. “These significant advantages will help us meet our customers growing needs in today’s ever-changing environment,” said Andrés Gluski, president and CEO of AES.
For the full story, please visit our pv magazine Australia site.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.