Solarays Energy, formally known as SOLAR AVANCES Y SISTEMAS DE ENERGIA, S.L., is a Spanish clean technology company established in 2012, with its headquarters in Pedreguer, Alicante. The company was founded by Jaime Caselles Fornés, who began the patent process for a «high-precision passive solar tracking suitable for high-concentration photovoltaics» in 2011, prior to the company’s formal creation. This foundational technology aims to provide combined electrical and thermal solar energy solutions that are ultra-efficient and economically viable for the end-user.The firm operates in the renewable energy sector, focusing on research and development in collaboration with technology centers and universities to create solutions for climate change. Its B2B model centers on the manufacturing and eventual mass production of its proprietary SOLARAYS Module, a hybrid system that generates both electricity and heat from a single, low-weight unit. This product is designed for easy installation on any roof or surface, providing stable energy generation throughout the day. The company targets end-users who require both electrical and thermal energy, aiming to reduce the levelized cost of energy significantly compared to competitors.The core product is a patented hybrid photovoltaic/thermal (PV/T) solar panel that utilizes medium solar concentration and a passive solar tracking system. This design allows for high energy density and a low visual impact. After securing private capital in 2015 and 2018 for R&D, the company developed prototypes and engaged in collaborative research with the Solar Energy Institute (IES) of the Polytechnic University of Madrid, which validated the initial prototype in 2017. By 2021, the company had completed the industrial development stage and set up a manual manufacturing plant, producing the first modules for pilot installations to verify performance data. In February 2022, Solarays shifted its primary economic activity from R&D to the manufacturing of electric motors, generators, and transformers, focusing on refining the production processes for its modules.Keywords: renewable energy, solar technology, hybrid solar panel, photovoltaic/thermal, passive solar tracking, concentrated photovoltaics, clean technology, distributed energy generation, solar R&D, energy efficiency, electrical and thermal energy, solar manufacturing, sustainable energy solutions, low carbon energy, Jaime Caselles Fornés, Pedreguer, Alicante, SOLARAYS Module
