Sopogy, Inc., the world’s leading developer of micro concentrated solar power (MicroCSP) technologies signed a memorandum of understanding for equity and project finance with Sichuan Dongjia Investment Company, the Chinese contracting and investment firm.
The memorandum of understanding outlines how Sichuan Dongjia Investment Company would invest in Sopogy, Inc. and projects using Sopogy’s MicroCSP technology in Hawaii and China. In return, Sopogy is agreeing to expand in China with Sichuan Dongjia Investment Company as its marketing and manufacturing partner.
Marking the conclusion of weeklong activities for the Asia Pacific Economic Cooperation (APEC) summit in Hawaii, a signing ceremony took place at the China Aloha Business Leaders’ night gala sponsored by the China Council for the Promotion of International Trade and Bank of Hawaii. Honolulu City and County Mayor Peter Carlisle and others from the Hawaii-China delegation attended the event.
Sichuan Dongjia Investment Company was a member of the APEC 2011 Chinese Business Delegation, and Sopogy was the Honolulu winner of the 2011 Business Innovation Showcase.
Sichuan Dongjia Investment Company is a member of the Sichuan Dongjia Group which is focused on real estate development and investment, technology application of energy savings, building design and construction and real property management.
Sopogy revolutionized solar thermal technology with MicroCSP. Developing modular collectors about one-third the size of a traditional concentrated solar power mirror, Sopogy cut the cost of solar thermal energy to a fraction of the cost. Proprietary storage units stabilize volatile energy production when cloudy and prolong production after sunset. Sopogy’s thermal energy is the fuel for stable, renewable power generation, air conditioning, and process heat.
By José Santamarta, www.sopogy.com