CAMBRIDGE, Mass.--(BUSINESS WIRE)--Semprius, Inc. has been identified in the field of Energy and Materials as one of 2013’s 50 Disruptive Companies, MIT Technology Review’s annual list of the world’s most innovative technology companies. The honorees are nominated by MIT Technology Review’s editors, who look for companies that have demonstrated original and valuable technology over the last year, are bringing that technology to market at significant scale, and are clearly influencing their competitors.
Spanning energy and materials, Internet and digital media, computing and communications, biomedicine and transportation, the companies on the list represent the disruptive innovations most likely to change our lives.
Jason Pontin, publisher and editor in chief of MIT Technology Review, states, “The pace at which technology changes is astounding. This issue celebrates organizations at the forefront, displaying ‘disruptive innovation’ that will prove to surpass the competition, transform an industry, and change our lives.”
“We consider Semprius a solar company worth watching closely,” continued Pontin. “It stands out for its novel method of concentrating sunlight onto tiny solar cells to deliver photovoltaic modules with cutting-edge efficiency and the potential to significantly lower the cost of generating solar electricity.”
Semprius, the first company to convert over one-third of the sun’s energy into electricity, began commercial production of the world’s highest efficiency modules in September 2012, opening its first manufacturing facility in Henderson, N.C. In November, Semprius announced that it will be supplying solar modules to Pratt & Whitney Rocketdyne (PWR) in support of PWR’s 200 kilowatt solar system to be located at Edwards Air Force Base in California.
Semprius’ proprietary micro-transfer printing process enables the use of the world’s smallest commercial solar cell – approximately the size of a pencil point – to manufacture modules with unmatched performance and cost advantages. Compared with conventional silicon-based modules, Semprius’ modules, which were developed with the support of the U.S. Department of Energy’s National Renewable Energy Laboratory, are twice as efficient, offer consistent energy output and superior energy yields while performing better in hot climates.
“This recognition by MIT Technology Review validates our ongoing efforts to lower the cost of renewable energy,” said Joe Carr, chief executive officer of Semprius. “We anticipate a busy year filled with innovation and the continued expansion of our production facility to meet the increasing demand for our solar modules.”
Semprius and the other honorees will be featured in the March/April edition of MIT Technology Review, available on newsstands worldwide on March 5, and online at technologyreview.com on February 20.
Last year, Semprius was named to MIT Technology Review’s 2012 TR10, an annual list of the world’s 10 most important emerging technologies.
About Semprius
Semprius, Inc. holds the record for commercial solar module efficiency, reaching 33.9 percent. Using the world’s smallest commercial solar cells and applying state-of-the-art manufacturing processes, Semprius is leading the way to cost-competitive, sustainable solar electricity. Semprius was named to MIT Technology Review’s 2012 TR10, an annual list of the world’s 10 most important emerging technologies. Semprius’ headquarters and production facilities are located in North Carolina, USA. For more information, please visit www.semprius.com.
About MIT Technology Review
MIT Technology Review leads the global conversation about technologies that matter. An independent global media company owned by the Massachusetts Institute of Technology (MIT), the enterprise produces publications read by millions of business leaders, innovators, thought leaders, and early adopters around the globe, in six languages and on a variety of digital and print platforms. The company publishes MIT Technology Review magazine, the world's most respected technology magazine (established 1899); daily news features, analysis, opinion, and video; and Business Reports, which explain how new technologies are transforming companies, disrupting markets, or creating entirely new industries. It also produces live events such as the annual EmTech MIT, international EmTech conferences, Summits, and Salons. The company's entrepreneurial community organization, the MIT Enterprise Forum, hosts over 400 events a year around the world.