Dallas, TX: CEO and Founder of Skyven Technologies (www.skyven.co), Dr. Arun Gupta, was selected as a Fellow of the Wild Gift program on Climate Change. Dr. Gupta is a member of Wild Gift's inaugural Climate Change Collective, which is focused on entrepreneurs taking action against climate change.
Dr. Gupta founded Skyven Technologies to pioneer a solar collector platform that harvests the sun’s energy better than other traditional methods. Before founding Skyven, Dr. Gupta spent seven years at Texas Instruments in various R&D related positions.
"I'm honored to be awarded the Wild Gift Climate Change Fellowship. The Wild Gift family takes an exciting approach to fighting climate change by bringing together entrepreneurs and professionals to help each other, share experiences and have a collective learning.” Dr. Gupta says. “I’m looking forward to learning from the experiences of the Wild Gift mentors and Fellows.”
The goal at Skyven is to:
- Drive down the cost of solar energy by enabling highly efficient solar harvest. When compared to traditional technologies, Skyven’s technology generally doubles the efficiency while holding overall cost constant, resulting in a 50% reduction in levelized cost of energy (LCOE).
- Better harness the sunlight. Traditional solar panels today waste 80% of the sun's energy, and even at their theoretical best they will still waste 67%. Skyven cuts that loss in half.
ABOUT SKYVEN TECHNOLOGIES
Skyven is an early-stage company funded by the National Science Foundation and poised to rapidly grow. The company was selected as Finalists for both the 2014 SXSW ECO Startup Showcase (Greentech category) and the 2015 SXSW Interactive Innovation Award (Sustainability category).
Skyven’s patent pending system harnesses and concentrates sunlight to create thermal energy up to 480°F. This intense thermal energy can be installed at multifamily residential, commercial and industrial buildings. Application of Skyven products include water heating, HVAC, electricity, space heating, and energy storage.
ABOUT WILD GIFT
Wild Gift (http://wildgift.org/) is a Sun Valley, Idaho based 501(c)(3) organization that launches young innovative social entrepreneurs with ideas that have high potential to disrupt the status quo and ignite positive change.
Using wilderness immersion experiences as a springboard combined with mentoring, seed funding and a collaborative network of support, the Fellowship fosters grit, integrity and know-how critical to the long-term success of their groundbreaking ventures.
The University of Texas at Arlington Research Institute and Dallas-based Skyven Technologies have been awarded a National Science Foundation’s Small Business Innovation Research program grant to build and test a Phase 1 prototype of a novel optics system for concentrating sunlight more than 1,000 times the usual amplification.
Arun Gupta, founder and chief executive officer of Skyven Technologies, in collaboration with Aditya Das, senior research scientist at the UT Arlington Research Institute, have received the $25,000 grant to develop a test model of this cost-efficient solar energy technology of the future.
“Once installed, these solar panels can last 20 or 30 years without any major maintenance,” Das said. “This will cut down the cost on an electricity bill, something that matters to the average consumer.”
The team will design and test the new energy electronics. A full panel will be developed which will incorporate the novel optics, mechanical drive and control electronics. After that, for one month the prototype will be made weather-tight and placed outside for examination and measurement, during which time the performance of the technology design will be monitored and studied.
The goal of this new technology is to create cost-effective energy that may be used in the commercial market. For a consumer, this can mean many different things including health benefits through pollution reduction as well as improvement to environmental surroundings and ecological conditions. It can also be a hedge against future increases in grid energy costs. The technology could translate to less reliance on foreign oil and reduced stress on the electrical grid.
“This project combines advanced robotic control systems with an optical design that pushes the limits of conventional manufacturing,” Gupta said. “This unique combination will allow us to achieve the ground-breaking performance required to drive down the cost of solar energy.”
Another important aspect of this project is the collaboration between Skyven and UTARI. This venture was made possible in part through the Texas Research Alliance and the Dallas Regional Chamber of Commerce.
“Our goal is to bring businesses and university researchers together to address important technical challenges,” said Geoffrey Orsak, executive director of Texas Research Alliance. “The alliance between Skyven Technologies and UTARI is a perfect example of the positive results that stem from these types of collaboration.”
The NSF SBIR program seeks to transform scientific discovery into societal and economic benefit by catalyzing private sector commercialization of technological innovations. The program increases the incentive and opportunity for startups and small businesses to undertake cutting-edge, high-quality scientific research and development.
About The University of Texas at Arlington
The University of Texas at Arlington is a comprehensive research institution of more than 51,000 students in campus-based and online degree programs and is the second-largest institution in The University of Texas System. The Chronicle of Higher Education ranked UT Arlington as one of the 20 fastest-growing public research universities in the nation in 2014. U.S. News & World Report ranks UT Arlington fifth in the nation for undergraduate diversity. The University is a Hispanic-Serving Institution and is ranked as a “Best for Vets” college by Military Times magazine. Visit www.uta.edu to learn more, and find UT Arlington rankings and recognition at www.uta.edu/uta/about/rankings.php.
Skyven Technologies, pioneer of highly efficient solar cogeneration systems, was selected as a finalist for the 18th annual SXSW Interactive Innovation Awards under the Sustainable Tech category for innovation in power generation and storage. Previously called the SXSW Interactive Awards, the rebranded SXSW Interactive Innovation Awards celebrates the best and latest advancements of 2014 across an increasingly diverse ecosystem of platforms, software, apps and devices. Of hundreds of applications submitted, Skyven Technologies was one of 70 finalist spots given across 14 categories by a panel of judges comprised of industry peers and experts.
The list of 14 categories in this competition, which are entirely new this year, include Health Med & Biotech, Innovation in Connecting People, Innovative 3-DIY, Internet of Things, Music Discovery, New Economy, Privacy & Security, Responsive Design, SciFi No Longer, Student Innovation, Sustainable Tech, Transportation Advancements, Visual Media Experience, and Wearable Tech.
The SXSW Interactive Innovation Awards Ceremony takes place the evening of Tuesday, March 17, 2015, on the sixth floor of the Hilton Austin Downtown, where the winners from each category will be revealed and honored. The ceremony is presented by PricewaterhouseCoopers and supporting sponsors Cloud.typography and IBM.
"We are honored to be chosen among so many applicants," said Arun Gupta, founder and CEO of Skyven. "We have been working tirelessly to make solar energy affordable and ubiquitous, and it is wonderful to be recognized for our efforts."
Skyven's flagship product, the Skyven Cogen System (SCS), uses revolutionary optical technology to combine electricity generation and water heating into a single solar panel. Designed for commercial and industrial rooftops, the SCS reduces the cost of both solar electricity and solar heating. In most places around the globe, heat generated with the SCS costs less than half as much as heat from traditional solar water heaters.
“We are blown away by the bold creativity and innovation embodied by this year’s Innovation Award finalists,” said Mason Stewart, SXSW Interactive Innovation Awards Coordinator. “Considering the quality of this finalist pool, determining the winners will be no small feat.”
For more information about the SXSW Interactive Innovation Awards and to view the complete list of 2015 finalists, visit the following site: http://sxsw.com/interactive/awards/interactive-awards.
About Skyven Technologies
Skyven’s rooftop panels are designed to lower the cost of green energy for commercial and industrial facilities. Its patented solar technology combines electricity generation and water heating into a single panel. The result is twice the energy output and financial return when compared to other leading rooftop solar technologies. The Skyven Cogen System is the first and only zero-emission solution that can compete directly on the cost of heating water with natural gas, while also surpassing the electricity generation of traditional solar panels. For more information, please visithttp://www.skyventechnologies.com.
About SXSW Interactive
The 22nd annual SXSW Interactive Festival returns to Austin from Friday, March 13 through Tuesday, March 17. An incubator of cutting-edge technologies and digital creativity, the 2015 event features five days of compelling presentations and panels from the brightest minds in Page 5 emerging technology, scores of exciting networking events hosted by industry leaders and an unbeatable lineup of special programs showcasing the best new websites, video games and startup ideas the community has to offer. From hands-on training to bigpicture analysis of the future, SXSW Interactive has become the place to preview the technology of tomorrow today. Join us in March 2015 for the sessions, the networking, the evening events, the 18th Annual SXSW Interactive Innovation Awards, SXSW Accelerator, the SXSW Gaming Expo, the SXSW Trade Show, SXSW Create, the Digital Creative Job Market, cross-industry conversations with attendees from SXSW Film and SXSW Music, and, most of all, the unforgettable inspirational experiences that only SXSW can deliver. SXSW Interactive 2015 is sponsored by Miller Lite, Esurance, AT&T, IFC, Mazda, Monster Energy, McDonald’s, Philips, Capital One, Pepsi and The Austin Chronicle