Luminate NY: Rochester tech companies land funding as winners in state competition
Via Rochester First
September 14, 2020
ROCHESTER, N.Y. (WROC) — Two Rochester businesses were named winners in a state-based tech competition and will receive funding because of it.
Gov. Andrew Cuomo announced Monday SunDensity is the winner of Round 3 of the innovative Luminate NY competition. SunDensity received the “Company of the Year” award at Luminate’s Finals 2020 competition, held at The Optical Society’s international Frontiers in Optics + Laser Science APS/DLS conference.
SunDensity, with offices in Boston and in downtown Rocheter, will receive $1 million in investment from New York State through the Finger Lakes Forward Upstate Revitalization Initiative. As required by the award, all winners of the competition will commit to establishing operations in Rochester for at least the next 18 months. SunDensity — which originated from MIT — will be locating its operations and manufacturing in Rochester.
“Luminate NY’s strategic investments in these emerging companies have upheld New York as a worldwide leader in optics, photonics, and imaging,” Gov. Cuomo said in a press release. “I congratulate SunDensity on winning Round 3 of the innovative Luminate NY competition and look forward to the company contributing to the growth of our region’s OPI industry, which will continue to help move the Finger Lakes economy forward.”
According to the governors office, “SunDensity can enhance the energy output of solar panels by 20% with their Photonic Smart Coating (PSC). PSC improves the efficiency of opto-electronic devices, such as solar cells by enhancing and shaping the spectrum of photons, transforming wasted visible light into infrared light that many devices can more easily use. For utility scale solar power producers/glass manufacturing companies that want to lower their levelized cost of energy (LCOE) to win power bids, the PSC provides increases in the panel output while decreasing the LCOE significantly, unlike AR coating.”