Ahura Energy Concentrating Systems Inc., based in
Ahura Energy’s technology utilizes flat mirrors, as opposed to traditionally expensive concave mirrors, to focus the photons in the sun’s rays onto the PV material or thermal pipe. Because Ahura systems use a non-motorized actuating mechanism the company believes it can achieve better than 50% reduction in bill of material (“BOM”) costs. Ahura Energy’s levelized cost of energy (LCOE) is at grid parity at present and that the technology will enable solar developers to produce electricity at costs 40% below grid parity levels.
Ahura Energy was founded in 2006 by Fareed Sfard, the company’s CEO with over 20 years experience in the Solar industry.