H.I.G. Growth Partners News
Antenna Group (for Suniva)
The Wall Street Journal Ranks Suniva the Second Most Promising Venture-Backed Clean Technology Company
NORCROSS, GA - March 5, 2010 - Suniva, Inc., a U.S. manufacturer of high-efficiency monocrystalline silicon solar cells and modules, today announced that The Wall Street Journal has ranked the company second in its list of the "Top 10 Venture-Backed, Clean Technology Companies."
The Next Big Thing survey, based on proprietary data from Dow Jones VentureSource, identifies green companies that have the capital, executive experience and investor know-how to succeed in an increasingly crowded field. The results were unveiled at Wall Street Journal's third annual ECO:nomics Conference in Santa Barbara, California on March 4, 2010.
"The Suniva team has worked very hard to produce the most efficient, high-power solar products as a cost-effective alternative to non-renewable fossil fuels," said John Baumstark, chairman and chief executive officer of Suniva. "We are honored to be recognized by The Wall Street Journal as one of the most successful clean technology companies in the world and we look forward to remaining at the forefront of the solar industry for years to come."
With its expanding and skilled workforce, Suniva is producing world-class technology and generating record setting efficiencies for low-cost silicon cells in development. Suniva manufactures the world’s highest commercially available cells in full scale production at over 18%.
About Suniva Based in Norcross, GA, Suniva® manufactures high-efficiency monocrystalline silicon solar cells and high power solar modules with low-cost techniques in order to make solar-generated electricity cost- competitive with fossil fuels. Suniva leverages exclusive licenses to critical patents and patent-pending intellectual property developed by founder and CTO, Dr. Ajeet Rohatgi, at the Georgia Institute of Technology's University Center of Excellence for Photovoltaic Research, which is funded by the Department of Energy. Led by an internationally regarded team of business executives and photovoltaic scientists, Suniva sells its advanced solar cells and modules Powered by Suniva™ worldwide, renewing U.S. leadership in the new energy economy. For additional information, please visit www.suniva.com.