Pursuit Solar Advances to Finals of American-Made Solar Prize Competition
Pursuit Solar is moving on to the final round of the prestigious American-Made Solar Prize and will compete this fall to be one of two Grand Prize winners.
The Department of Energy recently announced the 10 finalists from a field of 20 semifinalists that participated in a virtual Demo Day on July 10. As a finalist, Pursuit Solar receives $100,000 plus an additional $75,000 in support vouchers to use at the DOE National Labs or other qualified partner facilities to advance the technology.
“We’re thrilled and energized to be one of the finalists,” Pursuit Solar founder Eddie Bugg said. “A lot of time and effort has gone into developing the technology behind our innovative solar trackers, and this process allows us to make progress even faster so that we’re delivering the best possible product for our customers.”
The American-Made Solar Prize is designed to help bring new technologies to market faster by identifying the most promising projects and providing access to the resources that will hasten their development.
Pursuit Solar offers an innovative solution to top-of-pole solar tracking, using HelioDrive™ technology developed by Sulas Industries. With passive tracking technology — no motors, no cables, no external power — it can generate 20% more energy than traditional fixed solar panels.
Finalists also have access to select technology incubators and accelerators, venture capital firms, angel investors, and industry, a group known as the American-Made Network. The Network helps competitors raise private funding and offers technical support.
Prior to the Demo Day, each semifinalist submitted a 4-minute video pitch (shown above). Semifinalists then participated in a question-and-answer session with the panel of expert reviewers before finalists were selected.
Prototypes will be presented this fall before two Grand Prize winners are selected. Each winner will receive an additional $500,000 and another $75,000 in support vouchers.