Energy Innovations' Sunflower Becomes the First Solar Concentrator to Achieve the...

Energy Innovations' Sunflower Becomes the First Solar Concentrator to Achieve the Coveted UL Listing

PASADENA, Calif.--(Business Wire)--
Energy Innovations, Inc., manufacturer of commercial solar
products that maximize usable energy from the sun, announced today
that its flagship product, the Sunflower Solar Concentrator, has
officially received certification from Underwriters Laboratories (UL)
and is authorized to carry the UL Mark (under the Concentrator
Photovoltaic Modules and Assemblies (QICP) category). To date, no
other product in the concentrating solar photovoltaic (CPV) category
has achieved this certification.

Currently, certification by a nationally recognized test
laboratory, such as UL, is required for the permitting of commercial
PV installations and is necessary to qualify for most U.S. state
incentive programs.

The Sunflower CPV Solution integrates the photovoltaic module,
tracker, controller and communications system into one solution that
produces cost-competitive solar power while also being easy to install
and maintain over time. Having secured UL certification for the
Sunflower, Energy Innovations will be raising additional capital to
expand production and deploy commercial installations coming online in
2009.

"After strict evaluation and testing to all current requirements,
Underwriters Laboratories has issued UL Listing for the Sunflower
solar concentrator system," said Evelyn Butler, manager of UL's
Renewable Energy Sector. "We look forward to working with Energy
Innovations and the growing community of solar start-ups, as well as
regulatory authorities, government agencies and other stakeholders, to
further define and develop requirements that will be used to test
other solar concentrating photovoltaic products."

"This important milestone is a direct result of our entire team's
commitment to building best of breed products that exceed expectations
in safety, reliability and energy production," said Bill Gross, CEO of
Energy Innovations. "The UL Mark is one of the most recognized symbols
of safety in the world and to say we're thrilled to have our work
validated by such an independent and reputable institution would be an
understatement."

The Sunflower system concentrates sunlight more than 1000 times
and uses ultra-high efficiency triple-junction solar cells to get more
energy per dollar than traditional PV systems. "Energy Innovations'
mission is to drive the price of solar-electricity below the price of
fossil-fuel electricity," continued Gross, "and the size of the market
is trillions of dollars when that goal is reached. For more than 50
years, since expensive photovoltaic cells were invented, people have
dreamed of reliably concentrating sunlight to make PV cost effective.
With the UL approved Sunflower concentrator, that dream is soon to be
realized."

About Energy Innovations, Inc.

Energy Innovations was founded in 2000 by entrepreneur and current
CEO, Bill Gross, and has assembled a world-class team of experts in
the fields of solar concentration and tracking to deliver
cost-effective, grid-competitive solar electric power. The company is
developing the Sunflower line of concentrated photovoltaic products as
well as the RayTracker line of solar tracking products, all with a
focus on bringing the cost of solar below that of utility-supplied
electricity. Energy Innovations is an operating company of Idealab, a
creator and operator of technology businesses.
http://www.energyinnovations.com

(C) 2008 Energy Innovations, Inc. All rights reserved. Energy
Innovations, RayTracker and Sunflower are trademarks or registered
trademarks of Energy Innovations, Inc. All other trademarks are the
property of their respective owners.

Jennifer McNally
Energy Innovations
+1-310-600-9438
jennifer@energyinnovations.com
or
Stephan West
Idealab for Energy Innovations
+1-626-685-4934
stephan@idealab.com

Copyright Business Wire 2008