Enecsys Scores $10 Million in VC

25 June of 2009 by

There’s been a surge in investment and entrepreneurial activity inthe inverter and power conditioning circuitry that supportsphotovoltaic energy conversion. Since the beginning of 2009, five firmshave received more than $63 million in funding and a large public firm(National Semiconductor) has officially unveiled its BoS product afteracquiring a related technology startup (ACT Solar). More than $115million in venture capital and more than 15 companies have entered thissector since 2005.

We noted the U.K.-based microinverter startup Enecsys in our recent Greentech Innovations Report.According to the Cambridge Evening News, the firm just announced a $10million round A led by Wellington Partners with participation fromBankInvest New Energy Solutions of Copenhagen. It was founded in 2003and received $500,000 in seed funding from The Carbon Trust with IPfrom the University of Cambridge.

There are a number ofmicroinverter firms attempting to come to market in additon to Enecys.Enphase has a clear and early lead over what is becoming a crowdedfield, having shipped more than 30,000 units. Here’s the list:

  •     Accurate Solar
  •     Array Converter
  •     Azuray
  •     Enecsys
  •     Enphase
  •     GreenRay Solar
  •     Larankelo
  •     Petra Solar
  •     SolarBridge
  •     Sympagis

Microinverters offer improved energy harvest and improved monitoring capabilities for residential and commercial PV deployments.


Are There Enough Believers In Energy Efifciency?


Are There Enough Believers In Energy Efifciency?

Abound Solar CEO Set to Retire


Abound Solar CEO Set to Retire

You may also like

Post a new comment