Enecsys Secures $4.2M Investment for Solar Microinverter Technology
UK-based Enecsys Ltd. has secured funding from Good Energies, a global renewable energy investment firm, for development of its solar microinverter technology.
Staff -- PV Society, 1/14/2010
Enecsys Ltd. (Cambridge, UK), a company that makes solar PV microinverters, has landed a £2.5 million ($4.2M) investment from Good Energies (London), a company that invests in renewable and efficient energy industries. The funding comes after investments from other companies totaling £14.5 million ($24.3M).
"Good Energies invests in companies that significantly accelerate the clean-energy transition and that possess clear technology differentiation," said Enecsys CEO Paul Engle. "We are delighted that they recognize these characteristics in Enecsys and have chosen to support us as we prepare for our first product launch in the early part of this year."
Enecsys anticipates making its first official product announcement early this year. The firm's microinverter technology is designed to provide low lifetime costs, high reliability, and fast, easy solar PV system installation. Microinverter architectures reportedly increase energy harvesting from solar PV systems, reduce installation and maintenance costs and eliminate the risk related to high-voltage DC, enabling mass market deployment of solar PV.
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