U.S. utility AES has made a strategic $8.6 million investment in Sydney-based 5B, in a show of confidence in the companyâ€™s prefabricated, redeployable solar technology.
The funds will help the startup to scale up its operations. It has already been tapped to build the worldâ€™s largest solar farm near Tennant Creek in Australiaâ€™s Northern Territory.
Maverick is the name of 5Bâ€™s modular PV systems, which come preassembled onto concrete blocks that replace conventional mounting structures. A single Maverick is a ground-mounted DC solar array block of 32 or 40 PV modules, which can be made with any standard framed 60 or 72-cell PV module.
Prebuilt Mavericks can be folded up, packed onto trucks for transport, unfolded, and then connected to a home or business in less than a day. â€śThese significant advantages will help us meet our customers growing needs in todayâ€™s ever-changing environment,â€ť said AndrĂ©s Gluski, president and CEO of AES.
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