Project developments
Company profile
Genoptic was founded in 2017 to research and develop new nano-optoelectronic technologies that push the boundaries of conventional technologies in the LED and solar display industries, in collaboration with the University of Calgary, Queens University, and the University of Harvard.
Since then, Genoptic has established itself as an advanced research and development company specializing in the development of appropriate technologies that significantly improve performance, reliability and energy efficiency for a wide range of products and solutions for various industries worldwide.
Genoptic is now also concentrating on solar parks with the same innovative approach as the other energy supplies they have done. Rather than focusing on one large region or industry, Genoptic specifically develops solar, energy storage and related projects that have the potential to add value by leveraging innovative ways for selling energy-leveraging emerging technologies and building high quality long lifeenergygenerationassets.
The most important product technologies:
Diverse patent portfolio consisting of 18 patent families and 125 patents
- Energy conversion: integrated nano-circuit technologies
- Photonics: Nano-display technologies
- Optics: Nano-meta-surface technologies
Core competencies in the energy sector:
- Solar Parks
- Collaboration with regional developers with early to mid-stage project pipelines
- Providing financing and technology know-how to reduce costs and maximize solar yield
- Building stable, long-lasting facilities with a broad mix of customers to maximize returns.
Strategy for portfolio development
Genoptic is pursuing a differentiated, value-added strategy to bulid a robust renewable energy portfolio. Its objective is to have at least 1,500 MW under development or in operation within the next five years. This will be achieved by:
- Geographical targeting in key markets will begin with the US where development cycles may be shorter. Initially, states such as TN, NM, NV and other unregulated markets will be targeted.
*Tennessee(TN), New Mexico (NM) and Nevada (NV)
- Overseas markets include U.S. territories, the South Pacific, and markets where opportunities arise.
- Keep the technological options open; continually evaluate whether more modern products can be incorporated into your projects to increase efficiency.
- Initially, the company relies on development partners to carry out selected projects which are then further developed in-house. Genopticcurrently work with two partners, one in the US and one in the South Pacific.
- Increase the value of projects by upselling to corporate and industrial markets, with a utility company acting as the off-taker if possible. Conclude off-take agreements as early as possible.
- Remain open to various generation technologies – solar, solar storage, solar-wind hybrid, storage only, etc.
- Partnerships with strategic EPC and financing partners to evaluate innovative financing options during development and construction.
- Once a certain internal milestone is reached (e.g. 500 MW), a strategic long-term infrastructure and IPP partner will be brought in.
Projected pipeline growth
Genoptic has entered into, or is negotiating, partnership/acquisition agreements with several partners who possess diverse regional and technological expertise.
Genoptic has identified specific projects with these partners.
- The agreements grant Genoptic a right of first refusal for selected pipelines.
- Genoptic's experienced team actively collaborates with developers and supports them in meeting and accelerating milestones.
- Genoptic reviews project documentation, permit applications, etc. to ensure bankability and fungibility.
- In most cases, each project is bundled in a special purpose vehicle (SPV), which allows for division by region or plant type.
- The Genoptic team continuously evaluates value creation through the use of new technologies, design techniques, and improvements.
