Pursuit Solar Selected as Semifinalist for Department of Energy’s American-Made Solar Prize
Updated: Mar 31, 2020
Pursuit Solar has been recognized as an emerging innovator in the solar industry and will vie for one of two $500,000 awards in the prestigious American-Made Solar Prize competition.
The U.S. Department of Energy recently announced the 20 Round 3 competitors that have advanced to the Set! competition, designed to “incentivize the nation’s entrepreneurs to strengthen American leadership in solar energy innovation and domestic manufacturing.”
American-Made Solar Prize judges praised Pursuit Solar, calling its technology “an ingenious, simple method to bring tracking to small-scale solar.”
Pursuit Solar is among nine companies focused on photovoltaics. Each company will receive an initial $50,000 prize that will be used to help fast-track efforts to identify, develop and test innovative solutions that can help re-establish American companies as leaders in the solar energy field.
“We are extremely proud of the solar racking solutions that we’ve developed, along with our partners at Sulas Industries,” Pursuit Solar founder Eddie Bugg said. “We put a lot of effort into showing the judges the potential of our solar-tracking technology, and we’re excited to now take it to the next level.”
Pursuit Solar is garnering attention because it provides an innovative solution to a significant issue in the solar industry. Single-axis solar tracking has long been accepted in utility-scale markets but has yet to gain ground for smaller-scale projects. Why? It's seen as too complicated, too costly and too unreliable.
The revolutionary HelioDrive™ technology overcomes those challenges and delivers a solution that is easy because it’s powered by the sun. It’s less costly because it requires fewer parts and less maintenance. And it's more reliable because it's grounded in proven thermal hydraulic actuation.
As a semifinalist, Pursuit Solar will have access to a network of DOE National Laboratories, technology incubators and accelerators, venture capital firms and angel investors. The next major date in the process is Set! Demo Day competition on June 3 at the University of Arizona. Then in September, Pursuit Solar, along with the other finalists, will demonstrate its progress to a panel of judges at Solar Power International 2020 in Anaheim, CA.
The judges will select two winners that will each receive a $500,000 prize.