Partners

National Grid USA is the second largest investor-owned utility in the U.S. by some measures, with more than 3.4 million customers in MA, NH, NY and RI.  Renewable energy has long been of interest to National Grid; almost 25 years ago the company built its pioneering solar community in Gardner, MA to study the impact of distributed residential PV systems on the grid, and it has  maintained activity in solar R&D since then. National Grid is a partner in GreenRay's DOE Solar America Initiative contract, and has supported the development of GreenRay's AC module.  The company is GreenRay's first commercial customer and is currently evaluating its AC module prototypes.

The U.S. Department of Energy selected GreenRay in a highly-competitive process for a $3.3M three-year award to develop its AC Module System, as part of the Solar America Initiative. The goals of the Solar America Initiative are to drive down the cost of PV-generated energy to be competitive with conventional sources by 2015. GreenRay has successfully met the DOE's milestones over the first two years of the project and was recently approved for the final phase of its funding, which continues through late 2010.

The Massachusetts Clean Energy Center awarded GreenRay a SEED award of $500k in 2007, after a competitive due diligence review.  In addition to its financial support, The MRET has also provided valuable business development and fundraising support.