SOUTH PLAINFIELD, NJ--New Jersey Technology Council has selected Petra Solar, a South Plainfield based cleantech company, as the winner of the Clean/Green Company of the Year Award.
The selection was based upon key considerations including Petra Solar’s unique SunWave™ technology that combines distributed solar generation with smart grid capability and grid quality enhancement functions. Other considerations included the company’s impact on the industry, contribution to industry standards, success in the marketplace, and growth rate.
Petra Solar will be honored on Tuesday, November 17th at The Palace at Somerset Park in Somerset. The NJTC ceremony celebrates innovation in the region and salutes the efforts of leaders in technology-based innovation and entrepreneurism.
In July, Petra Solar became the first business awarded funding under New Jersey’s Clean Energy Manufacturing Fund. That same month, the United States Department of Energy awarded Petra Solar a prestigious multi-million dollar grant to perform research on the evolution of the grid with high penetration of solar generation. The company also signed a $200 million contract with PSE&G to produce its SunWave™ intelligent PV solar systems for installation on 200,000 utility and street light poles throughout PSE&G’s service area in New Jersey.
Petra Solar is presently in discussion with more than thirty other utilities throughout the country about providing the SunWave system for solar generation, smart grid connectivity and enhanced grid performance through its “intelligent solar solution.”
Petra Solar
www.petrasolar.com
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