Energy Innovations, Inc. recently announced that the World Economic Forum has selected the company as one of its 36 Technology Pioneers for 2006.

According to Energy Innovations, Technology Pioneers are companies that have been identified by the forum as "developing and applying highly transformational and innovative technologies in the areas of energy, information technology, biotechnology and health."

Energy Innovations noted that it is currently developing a rooftop photovoltaic (PV) solar concentrator system, dubbed the Sunflower, that is composed of an array of mirrors, rather than more expensive silicon-based PV cells, to track the sun throughout the day and year and concentrate its light onto a small panel of PV cells.

Energy Innovations expects the replacement of the silicon-based PV cells to lower the cost of solar electricity by half or more compared to current rates.