Thermax Ltd has informed the stock exchanges that the Company and US-based Amonix, Inc., on July 25, 2011, announced an agreement to bring proven, CPV technology for clean power generation to India.
In this exclusive partnership, Amonix will offer high-performance solar power generation systems and the Company will be the Engineering, Procurement and Construction (EPC) partner to provide turnkey solutions to customers in India.
Amonix CPV solar power systems incorporate highly efficient solar cells originally developed for aerospace applications. The dual-axis tracking systems utilize durable state-of-art optics to focus sunlight onto multijunction solar cells. As this technology requires no water for power production and uses land more efficiently, compared to conventional solar technologies, CPV systems delivers more energy output from a given area at low energy production costs.