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SolarEdge

SolarEdge garners $23 million in funding

Israeli start-up Solar Edge has secured $23 million in funding to further develop its technology for increasing the efficiency of photovoltaic panels.

GE Energy Financial Services was a principle contributor to this latest round of funding and made the announcement Wednesday.

In May, SolarEdge unveiled a boosting technology for photovoltaic panels that it said could increase a solar power system's output by as much as 25 percent.

The SolarEdge system is a junction box with an integrated circuit that is embedded into existing solar photovoltaic panels to minimize the amount of electricity loss, thereby maximizing the amount of power … Read more

SolarEdge uses chip to boost solar panel output

Israeli start-up SolarEdge has developed electronics to squeeze enough inefficiencies out of solar panels' wiring to make an array up to 25 percent more productive.

The company plans to disclose the details of its technology on Wednesday at the Intersolar 2009 conference in Munich, as well as to announce that German solar installer Gehrlicher will offer SolarEdge's products.

SolarEdge is seeking to address a number of performance problems common to solar power, such as lost electricity production from partial shading or converting direct current to household alternating current in an inverter. The company has raised about $35 million since … Read more