Wattminder has achieved significant innovations in analytics on performance of solar power installations.

• In November 2007, www.pvmonitor.net was developed and offered to the public, as an on-demand, photovoltaic performance benchmark calculator. It still IS the world’s first such tool.
• In October 2011, we improved on the benchmark calculator with features like Air Mass correction, Tracking option, Aging, and Reflectivity and rolled out our second generation PV Performance Analytics tools, adding Performance Check, and Degradation Assessment at www.PVwizard.com.

These advanced and unique resources are still offered free to the public, during the open beta period. We are hoping our tool can be effective in helping in detecting and removing a growing problem of under-performance in solar power sites around the world, amounting to 20 GWh’s of energy (estimated $5B per year) that was NOT generated due to some unknown fault in solar power sites.

Our value proposition has been validated with 3 SBIR/STTR grants form NSF and DOE Phase I and Phase II; to study failure mechanisms in solar array, focusing on web-based algorithms to detect and diagnose hotspot failure in solar arrays, at low-cost. By using the latest in Programmable System On Chip technology from Cypress Semiconductor, our instrumentation cost for advanced diagnostic monitoring will cost less than 2.5 Cents/W, with non-disruptive installation. Our secret sauce, the Complex Irradiance Sensor, without moving part, will fully capture and characterize Sun’s energy at a PV site, in 9 directional components. We are now ready to start commercialization of our IP and build up our Web-IT-PV-Engineering enterprise with our first outside investment, of $5.5 million, expecting to achieve break-even by mid-2015.

Please review our Executive Summary and Investor Presentation.

For further information, please contact us.