SolarEdge Raises $25M for Solar Panel Power Optimizers – October 04, 2010
Israel’s SolarEdge is a provider of distributed solar power harvesting and monitoring equipment, and the firm just announced a $25 million Round C led by Lightspeed Venture Partners along with existing investors Opus Capital, Genesis Partners, Walden International, ORR Partners, Vertex VentureCapital, and JP Asia Capital Partners.
Greentech Media did a brief optimizer/microinverter news rundown last week — there’s been a lot of sales activity, funding, and production ramp in this new sector of late.
The firm’s PV power harvesting architecture includes module-integrated power optimizers with distributed maximum power point tracking (MPPT)and a module-level PV monitoring portal. This type of architecture enables the production of up to 25percent more energy from a PV installation and a faster return on investment, according to the firm.
What we are starting to see in this market, be it DC-to-DC solutions or microinverters, is the emergence of integrated solutions where the power conditioning circuitry is being incorporated into the module junction box or replacing the junction box entirely.