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.