AUSTIN, TX and BOSTON, MA July 23, 2019.

MTPV Power Corporation (https://www.mtpvti.com/), a clean energy company that converts heat to electricity using semiconductor chips, announced today that it has named Robin Hamel as its new Executive Vice President to lead the energy company’s Human Resources and Finance functions to support company growth and development as it prepares for product commercialization.

Robin is a highly accomplished certified Human Resources leader and accomplished executive with more than 20 years of diverse experience in a variety of industries, state government and the military. She has a consistent track record of creating critical programs, developing policies and procedures, and implementing systems and processes where none existed before, with particular expertise in mergers, acquisitions, and start-ups.

Robin has held roles of increasing responsibility at mobile telecommunications companies Sprint/Nextel and Boost Mobile, business information services vendor Dun & Bradstreet, PDI Software, and most recently Agility Recovery Solutions, a Denver, Colorado based business continuity services organization. She previously held HR roles in the Texas Department of Mental Health and the US Navy.

“We are delighted to welcome Robin Hamel to the MTPV team. With strengths that extend beyond HR and include strategic planning, change management, operations, and policy development she joins the company at a key moment as we drive toward the launch of our Oil & Gas product that will replace a flare and convert the waste gas previously flared into clean reliable electricity.” said David Mather, President and CEO of MTPV Power Corporation. “Robin will be instrumental in providing leadership during this exciting time of growth as we continue to commercialize our heat-to-energy products.”

Robin is a sought-after expert in aligning programs and policies with critical business outcomes to accelerate success while developing a positive workplace culture. She holds a B.A. in Mathematics & Philosophy from the University of Maine and a B.A. in Human Resource Management from Baker University.

About MTPV Power Corporation (http://www.mtpv.com)
MTPV is a clean energy semiconductor company using its breakthrough technology to harness the world’s heat and convert it to electricity. For more information, visit http://www.mtpv.com and connect with MTPV on LinkedIn, Facebook and Twitter.

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AUSTIN, TX and BOSTON, MA October 02, 2018.

MTPV Power Corporation (https://www.mtpvti.com/), a clean energy company that converts heat to electricity using semiconductor chips, announced today that it raised $16 million in a Series C financing. The financing was led by Lake Bridge Capital, an early stage investor in transformational companies with unique and proprietary technologies. Included in the round were follow-on investments from Total Energy Ventures, the venture capital arm of Total, one of the world’s largest oil and gas companies, headquartered in Paris, France; SABIC Ventures, the venture capital arm of SABIC, one of the world’s largest petrochemical companies, headquartered in the Kingdom of Saudi Arabia, and several other existing shareholders.

MTPV, who recently received Frost & Sullivan’s Global Technology Leadership Award for waste heat recovery solutions, creates semiconductor chips that convert heat directly into electricity. Similar to a solar panel that converts sunlight into electricity, MTPV chips are able to convert any source of heat into electricity with breakthrough efficiency and power.

“We are delighted to have such a strong group of investors representing the views of not just stockholders, but of customers, supply chain partners and industry,” said David Mather, President and CEO of MTPV Power Corporation. “The strategic insight provided by our investors is a key to the future success of MTPV.”

About MTPV Power Corporation (http://www.mtpv.com)
MTPV is a clean energy semiconductor company using its breakthrough technology to harness the world’s heat and convert it to electricity. For more information, visit http://www.mtpv.com and connect with MTPV on LinkedIn, Facebook and Twitter.

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AUSTIN, Texas and BOSTON (PRWEB) August 02, 2018.  MTPV Power Corporation (https://www.mtpv.com), a clean energy company that converts heat to electricity using semiconductor chips, accepted Frost & Sullivan’s Global Technology Leadership Award for waste heat recovery solutions at Frost & Sullivan’s Excellence in Best Practices Awards Gala on July 18th in Nashville, Tennessee. This award acknowledges the advances that MTPV’s EBLADE Power Platform enables in the industrial waste heat-to-power market segment.

Each year, Frost & Sullivan presents the Technology Leadership Award to the company that demonstrates uniqueness in developing and leveraging new technologies that deliver significant customer value. The award recognizes outstanding achievement and superior performance in areas such as leadership, technological innovation, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

“MTPV has revolutionized the waste heat recovery market by introducing its core technology, micron-gap thermophotovoltaics, into its EBLADE Power Platform, which converts waste heat directly into electricity and provides end users with energy savings, emissions reductions, and clean, reliable power generation,” said Chirag Rathi, Consulting Director at Frost & Sullivan.

About MTPV Power Corporation (https://www.mtpv.com)
MTPV is a clean energy semiconductor company using its breakthrough technology to harness the world’s heat and convert it to electricity. For more information visit http://www.mtpv.com and connect with MTPV on LinkedIn, Facebookand Twitter.

About Frost & Sullivan (https://www.frost.com/)
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.

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MTPV’s EBLADE Power Platform provides a sustainable way to meet global energy demands by converting waste heat directly into electrical energy

SANTA CLARA, Calif. — March 20, 2018 — Based on its recent analysis of the waste heat recovery solutions industry, Frost & Sullivan recognizes MTPV Power Corporation with the 2017 Global Technology Leadership Award for its breakthrough waste heat recovery solution, the EBLADE Power Platform, which converts high-temperature waste heat directly into electrical energy.

The platform uses state-of-the-art photovoltaic semiconductors placed less than a micron away from an emitter—reducing energy loss between the emitter and receiver—and cost-effectively converting infrared light into electricity. Each EBLADE device uses semiconductor chips as its building blocks, and arrays of devices can be deployed to meet customer power needs. The solution’s exceptional modularity allows end users to scale the platform to their needs, providing both a cost-effective and space-efficient solution. Unlike traditional heat engines that require a large infrastructure footprint, the EBLADE platform can be housed inside existing waste streams, such as exhaust tunnels, thermal oxidizers, and flares. This solution allows for easy retrofits that do not interrupt upstream processes. In addition, depending on the number of MTPV devices employed, the power output from the platform can generate multiple megawatts of electricity to create significant energy savings.

MTPV’s EBLADE Power Platform is suitable for a spectrum of industries that would benefit from high-temperature waste heat recovery, such as glass, steel, and flaring from landfills, as well as refinery processes and drilling operations. The company is deploying commercial pilots today and anticipates full commercialization within the next 12 to 18 months and expects to be highly competitive in low-cost power markets within the first four to five years of commercial operation. MTPV can deliver power as a service in addition to product sales. In the glass production sector—a mature, highly commoditized space—the platform’s ability to recover waste energy and the subsequent cost savings offer users a significant competitive advantage.

“MTPV’s disruptive technology is the only commercialized high-temperature waste heat recovery solution on the market and is generating significant industry interest,” said Rathi. “Looking ahead, MTPV’s second-generation technology targeting lower temperatures can be combined with its existing high-temperature (600-degrees or above) EBLADE platform, offering operators a compelling hybrid waste heat recovery solution.”

“MTPV is honored to receive Frost & Sullivan’s Technology Leadership Award for Global Waste Heat Recovery Solutions” said David Mather, President & CEO of MTPV Power Corporation. “Two-thirds of the world’s energy usage today is lost as waste heat, and MTPV’s innovative approach to recovering that energy as clean electric power has compelling economic and environmental benefits.”

Each year, Frost & Sullivan presents the Technology Leadership Award to the company that demonstrates uniqueness in developing and leveraging new technologies that deliver significant customer value.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About MTPV Power Corporation
MTPV is a clean energy semiconductor company using its breakthrough technology to harness the world’s heat and convert it to electricity. For more information, visit https://www.mtpv.com.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.

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Distributed energy resources (DER) are decentralized systems that provide electricity and are located close to the demand they serve. A DER solution can be solely focused on energy generation, energy storage or a combination of the two. These systems are most often 10 megawatts or less, but DER systems can be configured to meet a variety of power needs. DER systems may be grid connected or deployed in stand-alone applications.

Why Consider DER Systems?

DER systems can be deployed by power consumers to achieve various objectives:

• Ensure reliable power by augmenting current energy services
• Operate independently of the electric grid
• Lower emissions and improve fuel utilization on site
• Leverage the byproduct of industrial processes for power generation
• Increase the mix of renewable energy used to achieve corporate sustainability goals

DER Deployment May Also be Attractive to Power Utilities in Order to:

• Reduce the need to build-out costly additional power generation capacity, transmission lines, and distribution equipment and infrastructure
• Provide enhanced service reliability
• Reduce energy losses caused by long distance power transmission

DER power generation can be from both renewable sources such as wind turbines, photovoltaics (PV), and  fuel cells, or traditional combustion microturbines & turbines, reciprocating engines, and cogeneration.

As a distributed energy resource, MTPV’s EBLADE Power Platform can harness the byproduct of existing industrial and agricultural processes to create clean energy fueled by:

• Waste heat: the energy released during the manufacture of glass, steel, cement etc.
• Methane & biogas: the gases released as a byproduct of oil & gas drilling, mining and landfill gas capture
• Biomass: the energy available from agricultural crop byproducts and other waste materials

As important as it is to produce energy, it is often equally important to have energy on reserve in case of demand peaks, power cost surges, and emergencies.  It is impossible to predict what the demand for power will be at a given moment, and in the wake of recent events where we have witnessed an unprecedented number of natural disasters, energy storage is invaluable to keeping lights on and processes flowing if an area is faced with a power crisis.

With the deployment of DER technologies, energy may be extracted from a variety of sources, and any excess produced can be stored or fed back to the grid for profit via net metering. In simple terms, net metering effectively “turns” an electricity meter back, reducing your monthly energy bill. The installation of additional metering equipment is necessary in order to achieve this.

An emerging concept in microgrid metering is the use of blockchain technology for billing. By adding blockchain to the process of billing for distributed power generation, the process becomes more secure and more efficient. With every energy transaction stored in a distributed blockchain ledger, it simplifies the tracking of every transaction that has occurred. This also opens the market for individuals without DER systems to buy electricity from those who have an excess supply.

The significance of DER lies in opportunity for increased efficiency and flexibility by producing electricity locally from renewable and traditional resources. These sources may all connect to the grid or a micro grid and allow each power source to function individually. Local production significantly reduces transmission losses, which can be as high as 8% in a traditional solution, and reduce the need for capital intensive and long lead time infrastructure projects. In time, DERs will allow residential and business customers to architect their own power ecosystem.

We Want To Hear From You

Is your organization developing a plan to leverage DER? We would love to get your feedback in the comment section below

The post A Distributed Energy Resources Primer appeared first on MTPV.

Natalie began her time at MTPV as an intern in the summer of 2016. She cheerfully accepted an offer for a full-time position as a Materials Engineer for the following year. What she appreciates most about MTPV is the “multi-faceted approach to problem solving” which piqued her interest when ultimately deciding where she wanted to begin her professional career. She hopes that she can utilize her time at MTPV to broaden her knowledge of waste heat and further her career into the materials and energy sector.

Andrew also previously interned at MTPV and is now a full-time employee. He began a four-month internship in October 2016, and after a brief leave of absence in the winter to complete college coursework, he joined the MTPV team full-time in May 2017 as an Assembly Technician. He noted his appreciation for how “helpful and willing everyone in the office was” which is something innate to MTPV. Andrew also expressed admiration for the company’s advancements in the clean energy sector, the company culture at MTPV, and stated that “everyone is very helpful and really made me feel welcome from day one.”

[MTPV Medford additions: Terence, Andrew, Natalie & Jason]

Unlike Andrew and Natalie our newest full-time hire, Mark, did not began at MTPV as an intern. Mark is an Electrical Engineer at MTPV who works on blade, balance of systems, and control systems design & development. When asked what he particularly enjoyed most about MTPV, he mentioned how he was excited to be “working at a company that has the funding and the vision to create an industry changing product in the waste heat market.” Mark makes a great point , because that is something that excites everyone at MTPV – the ability to leave an impact in the clean energy industry is truly exciting. Mark also mentioned how he appreciated how the team are ‘all hands on deck’, a company culture innate to MTPV that pushes us forward.

[MTPV Austin additions: Mark & Adam]

MTPV is also excited to announce the hiring of two co-ops, Jason, and myself, who will be with MTPV from July – December 2017. Jason is a fourth year Mechanical Engineering student at Northeastern University. He will be utilizing his CAD expertise to assist the engineering team in the creation of virtual models and drawings of parts and assemblies. He noted his enthusiasm about “the increased responsibility to participate in the design process” compared to previous internships where he primarily assisted design revisions and testing. Jason frequently operates alongside the Mechanical Engineers at MTPV, and is excited to help design and build a variety of test fixtures and prototypes in the near future.

Like Jason, I am a Fourth-Year student at Northeastern University, but am majoring in Business with concentrations in Finance and Entrepreneurship. I am working in our marketing department to bolster the visibility of MTPV’s brand, and am excited to market such innovative technology that will surely leave an impact in the clean energy industry. Working alongside the VP of Product, I hope to add innovative ideas to MTPV’s clean energy marketing campaigns and utilize my business background and experience in social media trends to really push MTPV’s brand forward.

In addition to our new co-ops we also have an intern who has been with us this summer, Adam. A Physics, Mathematics and English major at Tulane University, Adam’s efforts have been researched orientated, focused on the advancement of MTPV’s second generation technology. When asked what was the most appealing to Adam when considering interning at MTPV, he said that he was excited to get involved in the clean energy sector, particularly in a small company, where the team is friendly and helpful.

It is clear that MTPV is excited about bringing these talented individuals on board. I’m sure that together our innovative minds will help MTPV continue its rapid upward trajectory.

The post Building The Team appeared first on MTPV.

BOSTON, MA July 26, 2017 MTPV Power Corporation, a clean energy company that converts heat to electricity using semiconductor chips, has announced that it has been awarded a MassVentures 2017 START Program Stage II grant. This award enables MTPV to build upon the commercialization advances supported by last year’s Stage I award.

The START Program awarded Stage II grants to 6 companies from the pool of 2016 Stage I winners, as part of a three-year process designed to provide increasing financial rewards to SBIR (Small Business Innovation Research) Phase II companies that demonstrate progress on the path toward commercialization. MTPV was awarded SBIR and Technology Enhancement for Commercial Partnerships grants by the National Science Foundation in both 2015 and 2016.

“MTPV Power Corporation is delighted to be named a MassVentures 2017 START Program Stage II awardee. Stage I START Program funds have helped MTPV to deploy a commercial site pilot, advancing market readiness,” said MTPV’s President & CEO David Mather. “The funding and support provided by the START Program is an invaluable resource for high growth companies in the Commonwealth of Massachusetts working to commercialize innovative technologies.”

“The START program is a rich feeder source to the venture community that fosters growth of companies and readies them for commercialization,” said Jerry Bird, President, MassVentures. “MassVentures START program helps companies like MTPV Power Corporation capitalize on their SBIR funds and arms them with the capital, experience, and network they need to transition to high-growth companies.”

About MTPV Power Corporation (https://www.mtpv.com)

MTPV is a clean energy semiconductor company using its breakthrough technology to harness the world’s heat and convert it to electricity. For more information, visit https://www.mtpv.com.

About MassVentures (http://www.mass-ventures.com/)

MassVentures is a quasi-public venture capital firm focused on fueling the Commonwealth’s innovation economy by funding early-stage, high-growth Massachusetts startups as they move from concept to commercialization. The MassVentures’ START program received the prestigious 2015 Tibbetts Award from the U.S. Small Business Administration.   More information on the START program and the MassVentures 5 Year START Report can be found at www.mass-ventures.com/start-program/.

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Dr. Little has previously served as the CTO of General Electric leading over 50,000 technologists across GE’s businesses while also leading GE Global Research with more than 3,000 scientists, engineers and researchers delivering fundamental technology advances in industries spanning energy, oil & gas, aviation, healthcare, transportation, consumer products, and financial services.

“Mark has proven to be an invaluable addition to our Board since he joined us in 2016,” said David Mather, President and CEO of MTPV. “Mark’s experience in running a world class research organization and success in supporting emerging technologies to achieve large-scale commercial success are perfectly aligned with MTPV’s activities and objectives.”

“MTPV’s use of semiconductor chips to convert heat directly into electricity is a radically different approach to energy recovery that can leverage the manufacturing process, investment, and scale that are already in place for the semiconductor industry,” said Mark Little. “The MTPV team is making significant strides in advancing toward commercial readiness”.

Dr. Little held many leadership roles during his 37-year career at GE including running GE’s multibillion dollar power generation business. He has also served on a number of Boards, as Co-chair of the Technology Strategy Leadership Initiative for the U.S. Council on Competitiveness, and as a Director of the Business Council of New York State.

In addition to his role at MTPV, Dr. Little is a Venture Partner at the Material Impact Fund, a Board member at Analog Devices and Powerphase, and an Advisor to Energy Impact Partners, an electric utility investment fund. He is the Chair of the Schenectady Smart City Commission and on the Board of Trustees at Rensselaer Polytechnic Institute and Ellis Medicine. Charitable work is central to Mark’s purpose and he and his wife founded and operate the Little Family Foundation which provides a strong base for their charitable pursuits. Please see Dr. Little’s full bio at https://www.mtpvti.com/company/leadership-board/mark-little/.

Mark holds Bachelor’s and Master’s degrees in mechanical engineering from Tufts and Northeastern universities respectively and earned a Ph.D. in mechanical engineering from Rensselaer Polytechnic Institute.

About MTPV Power Corporation (https://www.mtpv.com)
MTPV is a clean energy semiconductor company using its breakthrough technology to harness the world’s heat and convert it to electricity. For more information, visit https://www.mtpv.com.

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Austin, TX APRIL 25, 2017 MTPV Power Corporation, a clean energy company that converts waste heat to electricity using semiconductor chips, today announced the appointment of five widely respected industry experts to its newly formed Board of Advisors.

MTPV’s Board of Advisors will serve as a strategic panel providing independent advice and recommendations on science, technology and business initiatives, assuring that MTPV’s research and development investments maintain a clear focus on technical quality and embrace leading edge energy innovation emerging from external academic, research, and commercial laboratories in addition to MTPV developed advances.

“We are honored to have five leading experts in the field of materials, energy and semiconductors join our Board of Advisors,” said David Mather, President and CEO of MTPV. “The insight and experience that these highly accomplished individuals bring will advance our ability to redefine the world’s energy equation, advancing clean electric power generation for the global community.”

Composed of eminent academics, scientists, and business leaders who have made significant contributions to the advancement of their field, the diverse membership of the Board reflects the breadth of MTPV’s scientific and technological interests. The Board is co-chaired by MTPV founder, Bob DiMatteo, and MTPV’s VP of Product & Business Development, Brian Hubert.

“The Board of Advisors will help MTPV continue to develop and build upon the most significant advances in clean electric power generation world-wide,” said Bob DiMatteo, Board of Advisors co-Chair and member of MTPV’s Board of Directors.

The initial Board of Advisors is comprised of the following members: –

Clifton Fonstad, Ph.D.
Vitesse Professor Emeritus of Electrical Engineering and Computer Science
Massachusetts Institute of Technology
Clifton Fonstad has been a faculty member at MIT for more than 40 years, and teaches undergraduate and graduate courses in semiconductor devices and technology. He is the Vitesse Professor Emeritus of Electrical Engineering and Computer Science.

Shaffiq Jaffer, Ph.D.
VP of Corporate Science and Technology Projects
Total S.A.
Shaffiq Jaffer is the Vice President of Corporate Science and Technology Projects for Total S.A. in North America, with the mission to find novel ideas and technologies across the research community: academia, government including defense research organizations and private research companies, that will lead to breakthroughs in energy (production, conservation, efficiency), materials (PV, Catalysts, biomaterials) and manufacturing processes.

Clark Jernigan
CEO
VUV Analytics Inc.
Clark Jernigan is the CEO of VUV Analytics, the leader in vacuum ultraviolet (VUV) absorption spectroscopy and has a successful track record in leading and developing early stage ventures, specializing in hardware, clean tech, and technology service companies.

Rakesh R Kapoor, Ph.D.
General Manager
Materials Outovation LLC
Rakesh Kapoor incubates and grows profitable businesses relying on innovation in materials technologies. He has served as a global executive at a Fortune 100 company successfully delivering with positions in R&D, manufacturing, global sales and marketing, corporate venturing, and in acquisitions. Most recently, as business head for Saint-Gobain Engineered Ceramics, he turned around a set of mature businesses relying on materials innovations, customer co-development and galvanizing international teams. He is currently helping a several organizations meet their needs in materials innovation.

Sam Kogan, Ph.D.
CEO
Gen5 Group
Sam Kogan is CEO of GEN5 Group, a leading provider of innovation consulting services and the CEO of Powermers, a venture-based company that is developing new technologies to enhance performance of various energy storage and energy producing devices.

About MTPV Power Corporation
MTPV creates semiconductor chips that convert heat directly into electricity. Much like a solar panel will convert sunlight into electricity, MTPV chips are able to convert any source of heat into electricity with breakthrough efficiency and power. For more information, visit: https://www.mtpv.com and connect with MTPV on LinkedIn, Facebook and Twitter.

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