SAN DIEGO, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Hyperlight Energy, a developer of Hylux™, the world’s lowest-cost concentrated solar power (CSP) technology, today announced that it has signed an exclusive license agreement with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) for its patented receiver design technology. The design improves the performance of linear Fresnel reflector (LFR) receivers used in Hyperlight’s CSP platform.
The improved performance facilitated by NREL’s receiver design, combined with Hyperlight’s low-cost reflector system, will increase the value of the Hylux platform for customers. Hyperlight is prioritizing rapid optimization and deployment of this technology at a time when companies and industries are pushing through the world’s toughest decarbonization challenges.
“We’ve worked in partnership with NREL on our in-house developed world-beating low-cost reflector system for close to a decade,” said John King, CEO and cofounder of Hyperlight Energy. “We’re thrilled to now be executing on our plan to add best-in-class performance to our offering by integrating their proprietary receiver design methodology into Hylux.”
Traditional CSP projects require large quantities of expensive steel to construct, leading to scalability challenges. By contrast, Hyperlight makes Hylux using domestically sourced recyclable plastic. Hylux can be installed on-location and designed to fit a range of industrial settings. The end result is a platform which uses mirrors to capture and reflect the sun’s heat, generating steam to efficiently power industrial processes, manufacturing, oil extraction and more.
“The new technology from NREL offers a breakthrough in design methodology that optimizes optical capture, with no additional cost for the hardware,” said Guangdong Zhu, inventor and senior engineer at NREL. “Up until now, the receiver design process started with an equation followed by a ‘guess-and-check’ approach through optical modeling of multiple iterations of the curve. However, the best way to do it is to use optical modeling from the start and let that tell you the optimal design with no guess work involved. You end up with the same material and production cost, but with a boost in performance for free.”
In 2021, Hyperlight held a groundbreaking ceremony for its first commercial project at Saputo Inc.’s cheese production plant in Tulare, CA. The project is funded by the California Energy Commission and deploys Hylux to provide a portion of the heat necessary in Saputo’s cheese-making processes via a 1.5-acre solar array. The company also has an MOU for a thermal enhanced oil recovery (EOR) project to decarbonize the transportation supply chain as well as multiple additional projects in the pipeline.
About Hyperlight
Hyperlight Energy has developed the world’s lowest-cost solar steam technology. The company’s flagship product, Hylux™, is built in its San Diego-based manufacturing plant using domestically sourced recyclable plastic. Hyperlight continues to work with world-class scientific and utility organizations to accelerate the global energy transition. Hyperlight is currently conducting a private placement offering in accordance with Regulation Crowdfunding (RegCF) adopted by the Securities and Exchange Commission, through StartEngine.
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