The North Carolina Clean Energy Technology Center (NCCETC) at North Carolina State University and Koolbridge Solar has entered into a five-year Memorandum of Agreement (MoU) to develop advanced smart solar and smart energy management technology. The cooperation is believed to improve North Carolina and the citizens’ access to affordable and reliable solar energy.
Koolbridge Solar's Smart Load Center is a smart circuit breaker panel for integrating a photovoltaic and energy storage system with a home's or commercial building's loads and the electric grid. NCCETC focuses on establishing solar policy, understanding markets and technology development and has conducted demonstrations and field tests of various solar technologies. With the MoU, the Center and Koolbridge Solar is broadly to support each other's efforts as NCCETC will provide high-level policy, market, and technical guidance to Koolbridge on their products and strategies. The Center will also support Koolbridge's pursuit of federal and state grants and other funding opportunities wherever possible and appropriate. Koolbridge Solar values the support of the NCCETC and will actively seek funding to allow for more significant input from the Center.
"Koolbridge Solar, Inc. has a new advanced inverter, Smart Load Center, and other patented and patent-pending energy management technology designed to lower the costs of distributed photovoltaic systems and increase value by allowing for easy integration of energy storage and by allowing continued operation in case of electrical outage with the local power company," stated Stephen Burnett, Chairman & CEO of Koolbridge Solar.