A novel miniature concentrating PV (MCPV) system is presented and analyzed. The system is producing both electrical and thermal energy, which is supplied to a nearby consumer. In contrast to PV/thermal (PV/T) flat collectors, the heat from an MCPV collector is not limited to low-temperature applications. The work reported here refers to the evaluation and preliminary design of the MCPV approach. The heat transport system, the electric and thermal performance, the manufacturing cost, and the resulting cost of energy in case of domestic water heating have been analyzed. The results show that the new approach has promising prospects. (c) 2006 Elsevier Ltd. All rights reserved.