By I-MicroNews
Saturday, November 14, 2009
SolarEdge, whose technology increases solar power
systems’ output by up to 25 percent, announced today that GE
unit GE Energy Financial Services has joined a US$23 million
funding round to support growth in residential and large-scale
photovoltaic sites. SolarEdge’s other investors are US
venture capital leaders Opus Capital and Walden International, the
Israeli funds Genesis Partners and Vertex Venture Capital, and the
Singaporean fund JP Capital Asia.
'This investment from GE in SolarEdge confirms one of the
trends we described in our PV inverters report: Decentralization of
monitoring and controls enables the entire PV plant to run at
higher performances without modifying the solar cell
technonology", said Brice Le Gouic, Technical Market Analyst
of Yole Développement. "This type of device is
projected to have a big impact on tomorrow's PV electricity
production.", Le Gouic added.
SolarEdge provides holistic photovoltaic power harvesting and
monitoring technology to maximize the energy output and cost
efficiency of solar PV units. The company works with
industry-leading partners such as BP Solar and Schott Solar,
Isofoton, HaWi Energitechnik, Gehrlicher solar and many others to
embed its technology into photovoltaic panels to increase their
power output by up to 25 percent and provide superior monitoring
and control, without increasing costs. GE Global Research provided
a technical, hands-on perspective to GE Energy Financial Services
as it considered this investment.
About
SolarEdge Technologies
SolarEdge is a provider of smart, holistic PV power harvesting
and monitoring solutions for maximum energy at a lower cost per
watt. The company works with industry-leading partners to embed its
active electronic solution directly into PV panels. Unlike
centralized architectures that cannot optimize the power of each
panel, only SolarEdge performs MPPT per panel while communicating
across existing power lines for granular visibility and
control.
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