Vincent Shimp
Indianapolis, IN (USA)
Role(s):
Founder/Owner/Principal
Solar Magnified Power
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Startup
Location:
Indianapolis
Industry:
Energy
Year Founded:
2004
Number Employees:
1-10 people
Description:
To produce a Double-Pass Hybrid Concentrated Solar Parabolic Capsule, using solar and thermal dynamics. This design will reduce the current cost per watt from $3.00 per watt to less than $1.00 per watt. Making solar power, more than competitive with fosil fuels, but actually cheaper. The gross income, in a state like New Jersey, could be in excess of 100% a year, of investment.