RMG and CFA Invest in One Solar Energy

One Solar is changing the solar panel industry with revolutionary silicon refinement technique.

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Pittsburgh, PA (PRWEB) May 13, 2013

Renewable Manufacturing Gateway, Inc. (RMG), a non-profit organization acting as the catalyst for regional job creation and economic development in the clean technology and renewable energy industries, and the Penelec Sustainable Energy Fund of the Community Foundation for the Alleghenies (CFA), have co-invested in One Solar Energy LLC (One Solar), providing working capital for the continued optimization of One Solar’s silicon refinement technology.

One Solar will use a new, patented process to produce silicon for use in photovoltaic panels at a fraction of the current cost, lowering the cost of solar energy for the end user. The savings from the One Solar process are a result of an energy-efficient refinement process that yields solar-grade silicon with the same energy generation properties.

The One Solar refining facility is located in New Castle, Pennsylvania. The working capital provided by RMG and CFA will allow One Solar to continue to optimize their refinement process and secure sales agreements with silicon offtakers.

One Solar’s technology will redefine the solar silicon industry, and allow for expansion and affordability of solar power around the world. A planned full-scale plant in Beaver Falls will employ 40 people in material handling, processing, maintenance and administrative jobs, in addition to construction and equipment-related employment during the build out.

One Solar Energy LLC (One Solar) is in the business of producing, refining and selling solar-grade silicon to downstream manufacturers using silicon in their products, utilizing energy-efficient technology to remove impurities and creating cost savings. For more information, please contact President Michael Hayes at mph(at)osecorp(dot)com.

Community Foundation for the Alleghenies (CFA) works to serve the best interests of our donors in perpetuating their philanthropic interest in financially supporting our community, using the Foundation’s integrity, accountability, and community knowledge. For more information about the Penelec Sustainable Energy Fund, please visit http://www.metedpenelecsef.org or email info(at)cfalleghneies(dot)org.

Renewable Manufacturing Gateway (RMG) is a Pittsburgh-based non-profit organization whose mission is regional job creation for the unemployed and underemployed in the economically blighted areas of Western Pennsylvania, West Virginia and Northeastern Ohio. RMG advises companies in the clean technology, renewable energy as well as shale oil and gas industries with respect to project development, finance, capital markets strategies and introductions, business planning, commercialization, marketing, sales and strategic growth. For more information please visit http://www.renewmfg.org or contact Ashley Seitz aseitz(at)renewmfg(dot)org.


Contact

  • Ieva Abolina
    Renewable Manufacturing Gateway
    412-567-1491
    Email