Amonix

Founded in 1989 by Vahan Garboushian, Amonix designs and manufactures concentrated photovoltaic solar power systems for utility-scale energy generation. Based in Seal Beach, California, the company develops high-efficiency modules that utilize specialized lenses to focus intense sunlight onto aerospace-grade cells. These advanced systems supply major utility customers, like Arizona Public Service, and support various international commercial projects located in Spain. Historically, the enterprise secured substantial financial capital, including a 129 million dollar Series B funding round in 2010 and over 20 million dollars in federal grants. Amonix received significant financial backing from prominent venture investors such as Kleiner Perkins Caufield and Byers, Goldman Sachs, and The Westly Group. Following the closure of a heavily subsidized manufacturing facility that once employed 300 workers, its core technology and assets were acquired by Arzon Solar during a 2014 restructuring.