California Sunlight Finds a Niche

California Sunlight Finds a Niche

In the same year CleanStart was founded, Bing Gu founded his startup, California Sunlight.  Bing and his team were always coming up with solar-based products that others had overlooked and built a business around that.  The early years were lean, but now Bing has some very interesting products that are attracting attention and sales are growing.  His journey is one of persistence and struggle, but one which may now pay off.

Bing was born in China and received his Ph. D. in plasma physics there before relocating to Canada for a post-doc in 1999.  He moved to Sacramento in 2001 to advance his career. Bing partnered with a NGO to build
very simple solar products for use in underdeveloped countries. On that path he developed a number of solar ovens and cookers that were simple and cheap.  They were adaptable for campers, particularly backpackers seeking a way to cook food without a fire and without carrying containers of fuel.  He produced a very clever inflatable solar balloon that focused the sun’s energy with the help of reflective inner surface on the balloon, and focused by its parabolic surface.   Still the products did not catch on.

Rethinking the idea of making simple and inexpensive solar products, but this time focused on first world countries, Bing realized the range anxiety of owners of EVs and the desire for portable power when camping or recreating could be other good markets.  He and his collaborators came up with a new range of products using photovoltaic panels and lithium-ion batteries.  You can see them and read the details on his website (https://california-sunlight.com/).  Basically, he has a range of capacities of battery packs with convenient input (AC and DC) and output ports (12 VDC, 120 VAC, 3 watt USB), and a variety of portable, foldable solar panels to charge the batteries or to be used directly.  His most popular battery pack is the 2000 W/1800 Wh one for $1800, with an integrated handle and wheels so it can be rolled around like a piece of luggage.  His foldable 36 v PV panels come in sizes from 100 watts ($200) to 1000 watts ($2,000) that can be plugged together.  He says the 2000-watt storage unit can run an efficient refrigerator for 24 hours.  

He has gained a great deal of interest in his products both from the recent spate of power shutoffs and from a road trip he took up from San Diego showing off his product at various stopovers at EV events along the way.  

His notion of using the 2000-watt unit as a “peace of mind” reserve for an EV is to keep it in the trunk and then use the Level 1 charger most EV come with to plug into the AC outlet on the battery pack to provide an emergency 8-10 mile charge to limp home or to a charging station.  He wanted to avoid trying to do something more elegant that would require altering the wiring on the vehicle and potentially jeopardizing the vehicle warranty.  Keep it simple.  

Since the pivot to the PV products, sales have taken off for California Sunlight.  He is now selling hundreds of units per year with revenues in excess of $250,000 per year and growing, a level which he says is profitable.  He has outsourced the creation and management of his website, as well as fulfillment of online orders.  His units are manufactured in Shenzhen, China for now, but he wants to bring that activity home.

He has no illusions that his products could be duplicated, but believes the features he has included, the simplicity of use, his aggressive prices (including a 10% discount for anyone in the Sacramento region), and his focus on a relatively overlooked niche product can propel his sales growth.  We will be monitoring his progress.

Bing Gu

Bing with the 100-watt folding PV array

Bing with the 2000 W

Bing with the 2000 W unit (yellow) plugged into the 100-watt foldable PV array, and a 500 W unit (red)

Thomas Hall

ABOUT THE AUTHOR

Gary Simon is the Chair of CleanStart’s Board. A seasoned energy executive and entrepreneur with 45 years of experience in business, government, and non-profits.

CleanStart Sponsors

Weintraub | TobinBlueTech Valley, Revrnt, 

Moss AdamsPowerSoft.biz, Greenberg Traurig

LoanPal and AQUAOSO Join the Funding Bonanza

LoanPal and AQUAOSO Join the Funding Bonanza

We might exceed $2 billion in funds raised for our cleantech companies this year.  If so, this region would represent a significant fraction of all the money raised in cleantech deals in the US.  That would undoubtedly raise eyebrows.  

The first quarter has been great for 4 companies in raising money so far this year.  We have written about Origin getting $925 million in new investment, and Infinium raising an undisclosed but likely substantial amount.  Now Hayes Barnard and the team at LoanPal in Roseville have gotten $800+ million in private equity for their business financing of energy efficiency and solar on homes.  Hayes had created Paramount Solar in 2003 doing financing and installation.  He sold that business in 2013 to Solar City and the team stayed on for a while.  After the merger of Solar City with Tesla, the team apparently decided they had come up with a pretty good financing vehicle and recreated it in 2018 in LoanPal.  What they do is provide a platform to arrange for loans and then assemble them in packages that are sold off to investors, recycling the money back into more loans.  Over 12,000 sales professionals are using the platform so far.  Originally the focus was on clean energy loans but it looks like they are branching out into a wider range of conventional mortgage loans.  Since inception, they have provided $5.9 billion in loans to over 175,000 families nationwide, adding offices beyond their roots in Roseville.  You can read their press release here.  Also check out Mark Anderson’s article on them in the Sacramento Business Journal.

At the same time, AQUAOSO has raised a $2 million seed round.  That’s a huge proof point for Chris Peacock and his team who we profiled back in 2017.  It will likely be a springboard to much more. Like LoanPal, AQUAOSO also provides a software platform to users, in this case to assess more accurately and efficiently the water risk inherent in their businesses.  This is especially important for growers in applying for bank loans.  It is like providing the equivalent of a credit risk score for water risk.  It simplifies the loan decisions for banks, but also provides insights into how growers can reduce that risk.  With more volatility in precipitation year to year and a trend to drier conditions, it is easy to see how the AQUAOSO tool is getting attention.  Chris explains his product in a video you can watch here.

So the total disclosed from the Origin, LoanPal, and AQUAOSO financings is $1.727+ billion.  Infinium hasn’t revealed its number, but given the pace they have been on we are guessing they raised over $100 million.  It wouldn’t take that much more to bring the total over $2 billion, almost a ten-fold increase over the best year achieved previously in the region.  Just considering the first quarter alone, the known total is a really big deal.  One thing is sure now—we are on the map for investors looking for cleantech investments.  When we started CleanStart 16 years ago, this was one of the most important milestones we said would be needed to make us a recognized hub for cleantech activity in the US and the world.  Now the question is whether this pace continues.  

Thomas Hall

ABOUT THE AUTHOR

Gary Simon is the Chair of CleanStarts Board. A seasoned energy executive and entrepreneur with 45 years of experience in business, government, and non-profits.

CleanStart Sponsors

Weintraub | TobinBlueTech Valley, Revrnt, 

Moss AdamsPowerSoft.biz, Greenberg Traurig, Momentum,

College of Engineering & Computer Science at Sacramento State

Software to Help in Solar + Storage Projects

Software to Help in Solar + Storage Projects

On Friday, January 15 at our Perspectives discussion, the crowd heard from Enact Systems CEO Deep Chakraborty (https://enact-systems.com/) about its software platform to expand sales, design well-performing systems, and manage the installations.  Enact is technology- and brand-neutral.  The software makes the economics of solar and storage easy for customers to understand.  They are now active in 15 countries with sales growing rapidly.  Apparently, it is getting very good customer reviews. Their customers are typically solar developers.  

Interestingly, they have not taken in any investment from the big venture capital funds, and instead have bootstrapped themselves to profitability.  While PV and storage are their current focus, they have plans to expand to be able to handle integrating other renewable sources and microgrids as well.  It was a fascinating story and a very interesting platform.  The Enact presentation is available below. 

Be sure to join us for future Perspectives sessions. 

Thomas Hall

ABOUT THE AUTHOR

Gary Simon is the Chair of CleanStarts Board. A seasoned energy executive and entrepreneur with 45 years of experience in business, government, and non-profits.

CleanStart Sponsors

Weintraub | TobinBlueTech Valley, Revrnt, 

Moss AdamsPowerSoft.biz, Greenberg Traurig, Momentum,

College of Engineering & Computer Science at Sacramento State

Green Drinks Discusses Recycling Solar

Green Drinks Discusses Recycling Solar

“It’s more of a problem than we thought it would be, now we have to work to fix the messes that we have made over the past 40 years.” Sam Vanderhoof, CEO

This month GreenDrinks chose to focus on how you can make an impact by recycling your clean technology. More specifically, solar panels. We spoke with Sam Vanderhoof, CEO of Recycle PV Solar, to learn more. 

Recycle PV Solar is a relatively new company, with their first plant opening only two years ago and their other two plants following not too much later after that. CEO, Sam Vanderhoof, has been in the photovoltaic industry for a while. Vanderhoof experience building companies and installing solar panels, running a company that installed over 9,000 rooftop solar panels in Sacramento. 

Recycle PV Solar had partnered with European based recycling business, PV Cycle, the largest PV recycling company, to bring technology to the US. Recycle PV Solar’s mission is to keep solar panels out of landfills and educate the public on how to recycle their PV solar once it reaches the end of its life.

It was originally thought that solar panels could provide around 30 to 50 years of services, but they typically last 12.5 years. Vanderhoof says that “while they could last a long time, we are seeing a lot of early life failure,” from environmental damage and questionable manufacturing.

PV panels are retiring quickly; it is projected by 2030, the decommissioning of solar panels will be higher than the installation of them. It is time to address what we will do at the end of life for solar panels.

In Europe, 95% of their PV Solar is being recycled, compared to the United States, where only about 10% of it is recycled, leaving the rest to end up in landfills. What are we doing wrong? One thing is that Europe has a mandatory recycling program for everyone. It cost European Recyclers about $0.70 to recycle each panel. In the U.S. it is an average of $18.00 per panel; this is because most of the recycling here is volunteer-based and hasn’t reached economies of scale to reduce cost.

Recycle PV Solar is looking to prevent solar panel waste from being an environmental disaster, keeping the Green Economy Green.  Vanderhoof closes by saying that “Everything we need to make this happen exists today; it is time to fix the messes we have made over the past 40 years.”

Thomas Hall

ABOUT THE AUTHOR

Saraia Jackson is a second-year computer science major at CSU Sacramento. Her long-term goal is to become a cybersecurity analyst. She wants to show young African American women that they can do whatever they put their minds to no matter where they come from. She also really wants to devote her life to helping children and making a difference. 

CleanStart Sponsors

Weintraub | Tobin, EY, Moss Adams, Momentum

BlueTech Valley, PowerSoft.biz, Revrnt

College of Engineering & Computer Science at Sacramento State

CleanStart ToDos with Grid Alternatives

CleanStart ToDos with Grid Alternatives

Our guest is Arianne Ortegaray, corporate and community relations officer at GRID Alternatives, a nonprofit national leader in helping low-income communities and disadvantaged communities nationwide get access to clean, affordable energy and livable wage jobs in the renewable energy industry.

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CleanStart Sponsors

Weintraub | Tobin, EY, Stoel Rives,

Greenberg Traurig LLP, BlueTech Valley,

Buchalter, Moss Adams, PowerSoft.biz

College of Engineering & Computer Science

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