Final week, Fortune 500 power firm AES added a brand new startup to the rising secure of fresh power firms it’s supporting.
AES purchased a 25 p.c stake in 5B, an Australian firm producing prefabricated photo voltaic arrays that stretch out like an accordion onsite. It is a photo voltaic innovation that AES CEO Andrés Gluski tells GTM “may turn into large” because it’s deployed at scale.
5B says its photo voltaic arrays, constructed offsite after which transported for fast building, are 3 times quicker to put in than a standard single-axis monitoring system. As a result of the system doesn’t use aisles, and crams panels into areas 25 to 50 p.c smaller than these extra conventional techniques, the corporate additionally claims their product — referred to as Maverick — produces 40 to 45 p.c extra energy per sq. foot.