Investors’ Innovation Expo Adds Green to Earth Day Texas

by Dave Moore, Dallas Innovates

March 8, 2017

Read the full article at dallasinnovates.com

Excerpt:

Among those innovators will be Arun K. Gupta, CEO and founder of downtown Dallas-based Skyven — whose technology concentrates the sun’s heat for use in manufacturing. Gupta got a feeling for what to expect when he exhibited Skyven tech at last year’s Earth Day Texas event.

Gupta said his exhibit drew attention from both domestic and international investors.

“I connected with a customer in Asia, with a couple potential customers in California, and a few in Dallas,” said Gupta, who indicated that contacts could generate more than $100 million in work for his company, which is still developing the technology toward implementation. “The great thing about Earth Day Texas is that they bring in so many people, but also exhibitors and a lot of potential commercial and industrial customers. Green energy is already a priority for many of them. So, it’s mutually beneficial.”

Attendance at Earth Day Texas 2017 – billed as the largest Earth Day festival in the United States – is expected to exceed last year’s turnout of more than 130,000.

Gupta added that last year’s Earth Day Texas event gave him insights into his potential marketplaces: his potential client in Asia spoke of trouble the company was having accessing traditional energy and fuel sources; his potential California customers, meanwhile, told him they face increasingly stringent environmental regulations.

Those encounters reinforced for Gupta the notion that companies in the future will rely on multiple green-energy solutions.

 

Founder And Ceo Of Skyven Technologies, Arun Gupta, Phd, Selected To The National Wild Gift Climate Change Fellowship

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.