Sopogy in Honolulu Advertiser – Governor approves bonds

July 6, 2007

Sopogy News from the Honolulu Advertiser http://www.goodshelp.com Keto Guru България. Хотели в България.

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Governor OKs bond issuance for solar project

Advertiser Staff

HONOLULU — Sopogy Inc. has received Gov. Linda Lingle’s approval for the issuance of special purpose revenue bonds. Act 229 authorizes the issuance of $10,000,000 in special purpose revenue bonds to Sopogy Inc., to assist with planning, designing, constructing, equipping and operating a solar farm power plant at the Natural Energy Laboratory or another suitable site in Hawaii.”This is an important step in supporting renewable energy and helps break Hawaii’s bonds to imported fossil fuels. We commend the leadership and vision of Vice Chairman Jon Riki Karamatsu who authored the bill, the 2007 Hawaii State Legislature, and Governor Linda Lingle” said Darren T. Kimura, President and CEO of Sopogy Inc. NELHA (Natural Energy Laboratory of Hawaii) is an important location for this project as it has some of the highest solar energy of any coastal location in the USA. “With new technology companies seeking its unique deep ocean water comes new electric power needs. Sopogy’s clean power solutions will help NELHA continue to grow, while achieving the energy park’s mission and focus on natural energy. We are excited to lead the next generation of renewable energy research at the park and look forward to working with Hawaiian Electric in making this clean solar power project a reality.”

June 30, 2007 – The Honolulu Advertiser

Sopogy Inc., a local renewable energy company, has received state approval to issue $10 million in special revenue bonds to build a solar farm tentatively planned for the Natural Energy Laboratory of Hawai’i Authority facility in Kona. The company specializes in development, manufacturing and distribution of solar power systems for electricity generation. Sopogy was founded in 2002 by local entrepreneur Darren Kimura with the goal of addressing environmental issues, such as climate change, energy security and sustainability.

Sopogy in RenewableEnergyAccess.com

July 5, 2007

Renewable Energy Access

Hawaii Approves $10 M for Solar Farm Bonds

June 29, 2007 – Honolulu, Hawaii [RenewableEnergyAccess.com]

Sopogy, Inc. recently announced it received Governor Linda Lingle’s approval for the issuance of special purpose revenue bonds. Act 229 authorizes the issuance of $10,000,000 in special purpose revenue bonds to Sopogy Inc., to assist with planning, designing, constructing, equipping and operating a solar farm power plant at the Natural Energy Laboratory of Hawaii Authority or another suitable site in Hawaii. “This is an important step in supporting renewable energy and helps break Hawaii’s bonds to imported fossil fuels. We commend the leadership and vision of Vice Chairman Jon Riki Karamatsu who authored the bill, the 2007 Hawaii State Legislature, and Governor Linda Lingle,” said Darren T. Kimura, President and CEO of Sopogy Inc.

Sopogy in VentureBeat

July 4, 2007

Sopogy in VentureBeat

Sopogy — The Honolulu solar thermal concentrator company had already raised $3 million in financing. The company has now just received $10 million more in a revenue bond from Hawaii’s governor to help construct a thermal plant there.

State of Hawaii approves $10 million dollars for Sopogy Solar Farm Bonds

June 29, 2007
Sopogy Press Release
PRESS RELEASE
FOR IMMEDIATE RELEASE

Date: June 29, 2007

Subject: State of Hawaii approves $10 million dollars for Sopogy solar farm bonds

Contact: Darren T. Kimura, President and CEO

Tel: (808) 216-3478

email: dkimura@sopogy.org

State of Hawaii approves $10 million dollars for Sopogy Solar Farm Bonds

Honolulu, HI – Sopogy, Inc. announced today it received Governor Linda Lingle’s approval for the issuance of special purpose revenue bonds. Act 229 authorizes the issuance of $10,000,000 in special purpose revenue bonds to Sopogy Inc., to assist with planning, designing, constructing, equipping and operating a solar farm power plant at the Natural Energy Laboratory of Hawaii Authority or another suitable site in Hawaii.

“This is an important step in supporting renewable energy and helps break Hawaii’s bonds to imported fossil fuels. We commend the leadership and vision of Vice Chairman Jon Riki Karamatsu who authored the bill, the 2007 Hawaii State Legislature, and Governor Linda Lingle” said Darren T. Kimura, President and CEO of Sopogy Inc.

NELHA (Natural Energy Laboratory of Hawaii) is an important location for this project as it has some of the highest solar energy of any coastal location in the USA. With new technology companies seeking its unique deep ocean water comes new electric power needs. “Sopogy’s clean power solutions will help NELHA continue to grow, while achieving the energy park’s mission and focus on natural energy. We are excited to lead the next generation of renewable energy research at the park and look forward to working with Hawaiian Electric in making this clean solar power project a reality” added Kimura.

About Sopogy, Inc.

Sopogy, Inc. (www.sopogy.org) is dedicated to enabling the renewable energy economy by dramatically increasing energy production through widespread use of its Concentrated Solar Power (CSP) technologies. Sopogy offers a cost-effective method for producing process heat used to create electricity, air conditioning, steam and hot water.

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For additional information about Sopogy, Inc., please contact Darren Kimura, President & CEO at (808) 216-3478 .

Jim Maskrey in Pacific Business News

June 22, 2007

Jim Maskrey

Pacific Business News (Honolulu) – June 22, 2007



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Jim Maskrey has joined Sopogy Inc. as vice president of sales and business development. He will be responsible for bringing to market Sopogy’s solar technology, invented in Hawaii in 2002 by the think-tank Energy Industries.

Prior to that, he spent 10 years as the manager of Hawaiian Electric Co.’s demand-side management program, which handles rebate incentives for businesses and commercial facilities that implement energy efficiency.

Maskrey, 51, was born in Torrance, Calif. He has a bachelor’s degree in environmental studies from the University of California-Santa Barbara, a master’s degree in environmental planning from the College of Architecture at Arizona State University and an MBA from the University of Hawaii at Manoa.

Why I took this job: I have worked in energy efficiency my entire working career and the opportunity to be part of a leadership team to develop this renewable energy company was an exciting challenge that met long-term career ambitions.

Like most about the job: I love the diversity of responsibilities inherent in a startup company. But what is exceptionally rewarding is the excitement and support I am hearing from the customers with whom we are developing projects. People and companies are now eager to respond to the challenge of climate change. It is a refreshing change.

Immediate priority: Getting projects commissioned here in Hawaii to demonstrate the huge potential of concentrated solar power technology.

Strategy to overcome the challenge: Stay innovative and flexible, and effectively communicate the value proposition to customers. Get the customers to want to do business with you.

Biggest problem in my industry: The high “perceived” cost of the systems. Government support for renewables should be accelerated even beyond what has been seen in the past two years. Without getting political, I will say the continued “debate” over peak oil and the growth in construction of coal-fired generating plants reflects that we are still not properly valuing renewable energy. Higher first costs of renewable energy systems should not be the deterrent to their installation when the consequences of fossil-fuel dependence are so extraordinarily longer term.

Essential business philosophy: Let honesty, credibility and integrity guide all decisions and actions.

Biggest risk taken in my career: Leaving a successful engineering firm that I was poised to take over to pursue other professional opportunities in energy efficiency.

Most important lesson learned: Do your work for the passion, not for the money.

Most important mentor: Craig Perkins, director of public works for the City of Santa Monica, under whom I served before relocating to Hawaii. For the past two decades Craig has demonstrated visionary leadership by making the city a globally recognized leader in sustainability for its progressive programs in energy, water, wastewater and solid waste.

Favorite way to spend free time: Spending time with my wife and son in just about any setting.

Book by my bedside: “Triple Bottom Line: How Today’s Best-Run Companies Are Achieving Economic, Social and Environmental Success” by Andrew W. Savitz and Karl Weber.

Meredith Prock – Visit original story at Pacific Business News

Sopogy in GreenTech

June 18, 2007

San Francisco-based GreenVolts, a company pursuing a new solar concentration approach for utility grade power, today announced it has been chosen by Pacific Northwest utility Avista for a demonstration project—and has received a strategic investment from the company.

This summer, GreenVolts is to place its high concentration photovoltaic (HCPV) system with Avista at a test site. The project will record performance data over two years to validate long-term system performance and costs.

GreenVolts believes its photovoltaic collector will deliver energy at a cost competitive with peak natural gas alternatives when coupled with a tracking mechanism.

“We believe the future is one in which consumers will gain access to green energy by plugging into the grid instead of going off of it,” said Bob Cart, CEO and founder of GreenVolts. “In order for this to become a reality, utilities must have access to a price competitive solar energy source that can also be located close to the demand.”

The company calls its 3kW platform a CarouSol. It uses low cost mirrors to concentrate 625 suns of energy onto a small, 40 percent-efficient solar cell, confirmed to Inside Greentech as a Spectrolab cell at a recent industry event.

It is mounted on a two axis tracking mechanism, and features automated storm stowing, automated cleaning and passive cooling in distributed generation configurations of 1-20 MW.
The system appears to offer similar features to a solar thermal-based (not photovoltaic) utility-grade system being developed by Hawaii-based Sopogy, which also offers parabolic concentration and storm stowing for desert-based applications.

In addition to the Avista investment of an unreported amount, GreenVolts has raised more than $1.5 million in seed money and expects to seek a venture round of funding later this year. It was the winner of the California Cleantech Open business plan competition’s Renewables Power Prize last year.

Avista Utilities provides service to 346,000 electric and 306,000 natural gas customers in three western U.S. states.

Visit the article here: GreenTech

Dr. Sri Vemuri Joins Sopogy as Lead Applications Engineer

June 6, 2007

 June 06, 2007 – Subject: Dr. Srinivas Vemuri joins Sopogy as Lead Applications Engineer

Srinivas Vemuri, Ph.D. Joins Sopogy as Lead Applications Engineer

Sopogy, Inc. announced today that Dr. Srinivas Vemuri has joined the company as its Lead Applications Engineer. Dr. Vemuri has more than 10 years of experience in the engineering and researching field. Prior to joining Sopogy he was a Mechanical Engineering at Notkin Hawaii Inc.

He holds a Bachelors in Mechanical Engineering from the Bangalore University (India) with 1st class honors, a Masters in Mechanical Engineering from the University of New Orleans, and a PhD in Mechanical Engineer from University of Nevada (Reno).

For additional information about Sopogy, Inc.,
please contact Darren Kimura,
President & CEO at               (808) 216-3478     

 

Contact: Darren T. Kimura, President and CEO
Tel:               (808) 216-3478       
Email: dkimura ( @ ) sopogy dot com

Sopogy in Pacific Business News

May 7, 2007

Sopogy in Pacific Business News

Hawaii tech to be shown in Silicon Valley

Pacific Business News (Honolulu) – 2:47 PM HAST Monday, May 7, 2007

    Three inventions and two emerging technology companies from Hawaii will be showcased at a technology summit in Santa Clara, Calif., on May 22.The University of Hawaii’s Office of Technology Transfer and Economic Development will present its annual Technology Showcase event in connection with the TechConnect Summit 2007, one of the world’s largest gatherings of technology developers, technology-based ventures and investors. 

    “TechConnect Summit is an ideal venue for the University of Hawaii to showcase its most promising technologies because of its prominence as a premiere technology event and its international audience,” Richard Cox, director of the UH Office of Technology Transfer, said in a statement. “We are excited about presenting new technologies developed in Hawaii, finding new partners to license and commercialize UH inventions, fostering business spin-off opportunities and bringing recognition to UH research and innovation.”

    The UH inventions include:

    •A solar-powered system that produces hydrogen and oxygen gases from water.
    •A technology that detects people through barriers using remote wireless monitoring of heart and breathing rates for use in search and rescue and the military.
    •Unique nanocomposite materials with improved strength and fracture resistance. The material can be used for aircraft, vehicles and resin-based products.

      New Hawaii-based technology companies, Nanopoint and Sopogy, also will be featured at the event. 

       

Sopogy in A dozen science, tech bills passed in innovation drive

May 6, 2007

A dozen science, tech bills

passed in ‘innovation’ drive

BY TREENA SHAPIRO

Advertiser Government Write r

The word buzzed around the state Capitol throughout the Legislative session, beginning with Gov. Linda Lingle’s call to diversify the economy through science and technology and ending Thursday with the Legislature passing a dozen bills meant to do just that. Many of Lingle’s ideas remained intact, although in many cases the funding fell through, most notably a proposal to make the Employees’ Retirement System invest $100 million of its $10.4 billion fund in promising

Hawai’i-based tech companies- which by the end of session had morphed into a simple request for ERS to look into local investments. Meanwhile, lawmakers had ideas of their own, and part of the more than $17million innovation package included $500,000 to expand aerospace development in the Islands, as well as almost $5 million to start an Academy for Creative Media at the University of Hawai’i. The aerospace money would help the state look for opportunities in that areas well as providing seed money for a Pacific International Center for Space Explorations. Those in the science and technology industry say that what the state really needs to do is create a business-friendly environment to attract investors.

The most significant work the Legislature did, in their view, was to protect the high-tech tax credits and incentives known as Acts 221/215, even while adding reporting requirements. To many officials , the work done this session was a step in the right direction. “It’s always been our view that this is the right vision for Hawai’i future, the right strategy and approach for our economy,” said Ted Liu, director of the state Department of Business, Economic Development and Tourism . “I think some good ideas were passed this session and we’ve always said there are a lot of good ideas related to innovation that had been introduced , some by us and some by others.” Sen. Carol Fukunaga, chairwoman of the Senate’s Economic Development and Taxation committee, anticipates this year’s legislation will help new companies start up, stimulate the creation of new jobs, allow for existing companies to expand and “hopefully lead to a much more diversified economy.” Fukunaga credits the governor with bringing into focus ideas about innovation that have been rattling around for a number of years. “The fact that the governor sort of started the ball rolling is a real plus,” she said. Liu said positive things came out of the session, but he was disappointed that many of the governor’s work force development initiatives were not passed.

The administration’s approach had included proposals to encourage high school and college students to enter science, technology, engineer ring and math, or STEM, fields as well as retrain existing workers to do more technical jobs. While many of the education initiatives survived, most professional development proposals fell by the wayside. Lifelong learning accounts , which would have allowed low wage earners to set aside pre-tax dollars for education and professional development, and would be matched by their employers and the state, was a priority for the administration, but it failed before the Legislature. A proposal to start a state rapid-response training program to help residents adjust to change s in the job market was also dropped. However, Liu said the administration will work with what it has. “On some initiatives they gave seed money that has challenged us to do as much with that as possible. I intend to do that,” he said. Some of the seed money is going to a Music Enterprise and Learning Program Experience program at Honolulu Community College. Over the next two years, $400,000 will be put toward a technology center and incubator in Kaka’ako.

During the next fiscal year, $5 million will be awarded in research funding for small locally based tech companies. In addition , the Legislature funded a number of initiatives aimed at public schools so that kids can start building up their STEM skills – and hopefully steer some into technical fields. Ian Kitajima, marketing manager for Oceanic, said this state funded research and development program is particularly significant. “This program received unprecedented industry and bipartisan support to leverage federal R&D investment coming into Hawaii,” he said via e-mail. “In the last three years, (about) $1.5 billion has been invested into Hawaii’s innovation industries due to the support of Hawaii’s congressional delegation .” Kitajima also said keeping the high-tech tax incentives mostly intact will encourage more investors to look to companies that offer well-paying jobs based on ideas and creativity. “Act 215 gives Hawai’i investors (and outside investors) a reason to look beyond Hawai’i real estate and other investments the y know very well ,” he said. “It also gives them an opportunity to pause and to look at investments that have a larger trickle-down effect,”

Attracting investors is critical, said Darren Kimura, president and CEO of Sopogy Inc., who was also relieved that Acts 221 and 215 were not changed in a way that would have made investors pull out, as feared earlier in the session. “Without seed capital, it’s a real challenge to get a start-up company going,” he said. “To get traction without capital is hard.” Kimura said investment capital is also needed to create jobs that will draw the best and brightest Hawai’i graduate s back to the state. “We need to create an environment where companies can get funded and succeed,” he said.. In an environment friendly to scientific companies, Kimura predicts there will be jobs for all the people the state wants to train. “Work force development is one of the top things we need to have,” he said. “We have that glass ceiling and we don’t have the answer to necessarily break through that,”

Reach TreenaShapiro at tshapiro@honoluluadvertiser.com or 525-8014.

Click on images to download full story from the Honolulu Advertiser

Sopogy in the Honolulu Advertiser

Sopogy Wins $10 Million in Revenue Bonds

May 1, 2007

Sopogy Press from the House of Representatives

The House of Representatives

STATE OF HAWAII

NEWS RELEASE

Contact: Vice Speaker Jon Riki Karamatsu

For Immediate Release – April 30, 2007 T. 808-586-8490

LOCAL SOLAR POWER COMPANY WINS $10M IN REVENUE BONDS

Honolulu. Sopogy, Inc., a local renewable energy company, has received legislative approval to issue as much as $10M in special purpose revenue bonds. House Bill 334, introduced by Vice Speaker of the House of Representatives Jon Riki Karamatsu, authorizes the issuance of bonds to assist Sopogy, Inc. with the planning, design, construction, equipping, and operating of a solar farm power plant.

Sopogy, Inc. specializes in the development, manufacture, and distribution of proprietary concentrated solar power systems that generate electricity. The company was founded in 2002 by local entrepreneur Darren Kimura with the goal of addressing global problems such as climate change, energy security and sustainability. The proposed location of Sopogy, Inc.’s solar farm power plant is the Natural Energy Laboratory of Hawaii Authority’s Kailua-Kona site.

“Sopogy is proud to be part of the solution to Hawaii’s energy needs,” said Kimura. “We are building a technology company that highlights the value of investing in Hawaii’s emerging clean energy sector and we are grateful for the support of Representative Karamatsu and the numerous members of the State House and Senate who supported our Special Purpose Revenue Bond.”

Author of the bill Rep. Karamatsu has been a staunch supporter of clean energy technology. In 2005, Rep. Karamatsu helped another Hilo native, Dustin Shindo, and his company, Hoku Scientific, secure one of Hawaii’s first special-purpose revenue bond authorizations for a renewable energy company. Hoku Scientific’s bonds were available for the planning, design, construction, and equipping of the company’s Kapolei facilities.

“Helping companies like Sopogy ultimately helps all of us,” said Vice Speaker Karamatsu. “Sopogy’s solar power technology will help Hawaii become less reliant on fossil fuels and hopefully begin to address the adverse effects of global warming.”