Enable IPC Corp.,
a leading company for turning technologies into products and successfully bringing
them to market, today announced that its efficient energy-focused subsidiary
SolRayo LLC has been awarded a $250,000 clean energy grant by Wisconsin Gov.
Jim Doyle. SolRayo received the grant as part of a $7.3 million distribution
of state grants and loans for clean energy projects that the Governor announced
in conjunction with his Clean Energy Wisconsin program, to be distributed by
the Wisconsin Energy Independence Fund (WEIF).
"We are extremely proud to be recognized by Governor Doyle and the state
of Wisconsin to assist with the critical goal of developing reliable clean energy
technologies," said David Walker, CEO, Enable IPC. "This grant provides
Enable IPC and SolRayo yet another substantial validation of our ultracapacitor
technology's commercial potential. We will be able to introduce cutting edge
nanotechnology-based ultracapacitor components via our Wisconsin office, in
conjunction with the brilliant researchers who know the technology best."
Enable IPC's subsidiary SolRayo was one of only eight Madison-area companies
chosen to receive the grants. The nanotechnology company was chosen based on
the merits of the technology, as well as the health of its business plan. The
funds will be used to defray development costs and to support further research
and development leading to the commercialization of new clean energy technologies.
"From manufacturing wind turbines and solar panels to retro-fitting fuel
pumps and exploring the latest clean technologies, our future lies in seizing
green opportunities that will create good jobs for our citizens and add billions
of dollars to our economy," Gov. Doyle said. "We have awarded more
than $7 million in grants and loans to companies that are committed to expanding
Wisconsin's clean energy industry."
The WEIF was established for research and development, and commercialization
or adoption of new technologies. The new grants will seek to leverage $44.2
million in investments and create new jobs for Wisconsin families on farms,
in forests, in research labs and for manufacturers.