The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

GE Invests in SolarEdge & Tendril

SolarEdge announced that GE Energy Financial Services has joined a US $23 million funding round to support its growth in the residential and large-scale solar photovoltaic markets. 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.

The funding—GE Energy Financial Services’ first investment in Israel—was announced at GE Global Research, GE’s research and technology development center in Niskayuna, New York, during a media forum on clean tech venture capital investing.

“We will use this financing to further promote our solar power harvesting system, which can be embedded in practically all types of solar photovoltaic panels to maximize power generation while dramatically reducing costs,” said Guy Sella, Chairman, CEO and co-founder of SolarEdge. “By partnering with GE, we benefit from the company’s proven R&D capabilities, energy technology expertise and deep commercial market reach.”

SolarEdge provides photovoltaic power harvesting and monitoring technology to maximize the energy output and cost efficiency of solar PV units. The company works with industry partners, including BP Solar, Schott Solar, Isofoton, HaWi Energitechnik and Gehrlicher Solar 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.

Tendril, developer of integrated software/hardware platform to enable real-time, two-way communications between utilities/retailers and their customers on energy supply and consumption, also announced that it has reached a funding deals withGE Energy Financial Services.

GE Energy Financial Services is making the venture capital investment as a follow up to Tendril’s announcement in June that it raised $30 million in Series C funding, making it one of the best-funded energy management startups.

GE’s investment builds on its appliances partnership with Tendril. GE Consumer & Industrial and Tendril announced in July that they would integrate the TREE Platform to work with GE's dryers, refrigerators, washing machines and other appliances. GE appliances such as stoves, washers and dryers, dishwashers and refrigerators will communicate their power needs to the utilities in real-time. The utilities can then redistribute power as needed more efficiently.

“Tendril is a great strategic complement to GE’s suite of ecomagination and smart grid investments and products, with multiple commercial and technology development opportunities for collaboration,” said Alex Urquhart, President and CEO of GE Energy Financial Services.

The Tendril Residential Energy Management Ecosystem (TREE) is designed to help utilities operate more efficiently to improve customer service and comply with new regulatory requirements. The enterprise-class TREE Platform, with in-home devices and a suite of utility applications, provides a secure, end-to-end, open, standards-based energy management system.

Financial details of the transactions were not disclosed.

Untitled Document

Get All the Renewable Energy World News Delivered to Your Inbox - FREE!

Subscribe to Renewable Energy World Magazine and our award-winning e-Newsletter to stay up to date on current news and industry trends.

 Subscribe Now



The Investment Tax Credit, the Clean Power Plan and What Solar Can Learn from Volkswagen

Paula Mints As it is challenged by expectations of significant cost and price decreases, margin pressure, incentive risk and othe...
energy storage

Report: Regulatory Barriers Hindering Full Benefit of Behind-the-Meter Energy Storage

Jennifer Delony Regulatory barriers currently are hindering end users from realizing the full benefit of behind-the-meter energy stor...

Solar Manufacturer 1366 Technologies Selects New York for New Plant

Chris Martin, Bloomberg New York is about to become a hub for U.S. solar manufacturing as the state lured a start-up called 1366 Technologies...

Despite Oil and Stock Market Crash, Solar Sector Funding Up in Q3 2015

Renewable Energy World Editors Total global corporate funding in the solar sector, including venture capital/private equity (VC), debt financing, an...


US Solar Hosts Sierra Club Solar Meeting

This past Monday, US Solar welcomed a new group to its solar training classroom – The S...

US Solar Invited to Speak at Intersolar North America

Intersolar, the largest solar conference and expo in North America is right around the ...

US Solar - Green Planet Festival Highlights Solar Energy and Solar Training This Weekend

US Solar Institute (USSI) is excited to announce that they are the educational sponsor ...

Yaskawa – Solectria Solar Provides Inverters for One of the Largest Professional Sport Stadium PV Systems in North America

Yaskawa - Solectria Solar, a leading U.S. PV inverter manufacturer, announced today tha...


Solar Decathlon 2015 Opens to the Public in California

Today, Oct. 8, the biennial Solar Decathlon opened up to the public at Orange County Great Park in Irvine, ...

ENER-G CHP technology selected for major London housing scheme

ENER-G has been selected to supply combined heat and power (CHP) technology for phase two of the Leopold Estate housi...


Necessity is the mother of innovation. Our planet is going through major changes in climate. This of course will affe...

Georgia Legislature Approves PPA’s, Florida Hoping to Follow

Ah, the sunny south, the land of peaches, oranges and solar potential. I’m talking about Georgia and Florida he...



Volume 18, Issue 4


To register for our free
e-Newsletters, subscribe today:


Tweet the Editors! @jennrunyon



Solar + Storage: Capturing Opportunities and Overcoming Challenges ...

The convergence of solar and energy storage applications is under way. T...

Optimizing Distribution Network Operations and Planning with ADMS

Join Scott Koehler, Schneider Electric’s Smart Grid IT Strategy VP, on N...

PV-301: Advanced PV Installation

PV301 by The US Solar Institute is comprehensive and highly advanced 40 ...


Georgia Legislature Approves PPA’s, Florida Hoping to Follow

Ah, the sunny south, the land of peaches, oranges and solar potential. I...

What's On The Card?

Think back to the last networking event you attended. You probably walke...


Necessity is the mother of innovation. Our planet is going through major...


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now