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Cool Earth Solar Selected by AlwaysOn as an AlwaysOn Global 250 WinnerLIVERMORE, Calif. --(Business Wire)-- Cool Earth Solar, a utility-scale solar company that provides clean energy at prices competitive with traditional fossil fuels, today announced that it has been chosen by AlwaysOn as one of the AlwaysOn Global 250 winners. Inclusion in the AlwaysOn Global 250 signifies leadership amongst its peers and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players in the Global Silicon Valley. Cool Earth Solar was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz. Cool Earth Solar and the AlwaysOn Global 250 companies will be honored at AlwaysOn's eighth annual Summit at Stanford on July 27th, 2010, at the Frances C. Arrillaga Alumni Center at Stanford University in Palo Alto (News - Alert), Calif. This two-and-a-half-day executive gathering that highlights the significant economic, political and commercial trends affecting the global technology industries. Summit at Stanford's goal is to identify the most promising entrepreneurial opportunities and investments in the global tech industry. "After examining the companies that are on the AO Global 250 list, it's obvious that innovation is not only alive and well in the Global Silicon Valley, it's accelerating in economic power and scope," says Tony Perkins, founder and editor of AlwaysOn. "The companies certainly represent some of the highest-growth opportunities in the private company marketplace." The AlwaysOn Global 250 winners were selected from among thousands of domestic and international technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list. Cool Earth Solar was selected as a winner in the Greentech category for its ultra-lightweight concentrated photovoltaic (CPV) technology. Unlike most solar systems requiring large amounts of expensive materials, Cool Earth's solar concentrators are primarily made of plastic and air. Each concentrator focuses sunlight onto a small PV receiver and magnifies each ray of light 400 times. While this process produces the same amount of electricity as traditional flat-panel PV systems, it uses up to 300-400 times less solar cell material. Cool Earth Solar's technology dramatically reduces the cost and time needed to develop large-scale power plants that can generate clean energy at prices competitive with fossil fuels. A full list of all the AlwaysOn Global 250 winners can be found on the AlwaysOn website at: http://www.aonetwork.com/AOStory/Announcing-2010-AlwaysOn-Global-250 "This award is a testament to our innovation in the solar energy space and offers further validation of our continuing efforts to drive down the costs of clean energy," said Rob Lamkin, CEO of Cool Earth Solar. "We are honored to be recognized by AlwaysOn and congratulate the other winners." About Cool Earth Solar Cool Earth Solar develops, builds and owns solar power plants utilizing its patented concentrated photovoltaic (CPV) technology. By radically reducing the material cost and weight of CPV, Cool Earth Solar is creating a clean energy solution that massively scales to meet the world's power demands at prices competitive with traditional fossil fuels. To learn more about its unique technology, please visit www.coolearthsolar.com. About AlwaysOn AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn's preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, and GoingGreen East. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
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