Solrayo Awarded Major Clean Energy Grant From State Of Wisconsin

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"From manufacturing wind turbines and solar panels to retro-fitting fuel pumps and exploring the latest clean technologies, our future lies in seizing green opportunities that will create good jobs for our citizens and add billions of dollars to our economy," - Gov. Doyle.

by Staff Writers
Valencia CA (SPX) Oct 10, 2008
Enable IPC has announced that its efficient energy-focused subsidiary SolRayo has been awarded a $250,000 clean energy grant by Wisconsin Gov. Jim Doyle. SolRayo received the grant as part of a $7.3 million distribution of state grants and loans for clean energy projects that the Governor announced in conjunction with his Clean Energy Wisconsin program, to be distributed by the Wisconsin Energy Independence Fund (WEIF).

"We are extremely proud to be recognized by Governor Doyle and the state of Wisconsin to assist with the critical goal of developing reliable clean energy technologies," said David Walker, CEO, Enable IPC.

"This grant provides Enable IPC and SolRayo yet another substantial validation of our ultracapacitor technology's commercial potential. We will be able to introduce cutting edge nanotechnology-based ultracapacitor components via our Wisconsin office, in conjunction with the brilliant researchers who know the technology best."

Enable IPC's subsidiary SolRayo was one of only eight Madison-area companies chosen to receive the grants. The nanotechnology company was chosen based on the merits of the technology, as well as the health of its business plan. The funds will be used to defray development costs and to support further research and development leading to the commercialization of new clean energy technologies.

"We have awarded more than $7 million in grants and loans to companies that are committed to expanding Wisconsin's clean energy industry."

The WEIF was established for research and development, and commercialization or adoption of new technologies. The new grants will seek to leverage $44.2 million in investments and create new jobs for Wisconsin families on farms, in forests, in research labs and for manufacturers.

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