May 28, 2010
Hod Hasharon, Israel – May 28, 2010 SolarEdge Technologies, an innovative provider of distributed solar power harvesting and PV monitoring solutions, announced today that Red Herring Magazine selected the company for its 100 Europe award, a prestigious list honoring the year's most promising private technology ventures from the European business region.
"We are honored to have been chosen for Red Herring's 100 Europe Award," said Guy Sella, CEO, Chairman and founder of SolarEdge. "Red Herring is a leader in bringing together the world's best technology innovators, and we appreciate their validation of our company and its operations going forward."
The Red Herring editorial team selected SolarEdge Technologies from a pool of hundreds from across Europe. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential was complemented by a review of the actual track record and standing of a company, which allowed Red Herring to see past the “buzz” and made the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
“We are honored to have been chosen for Red Herring’s 100 Europe Award,” said Guy Sella, CEO, Chairman and founder of SolarEdge. “Red Herring is a leader in bringing together the world’s best technology innovators, and we appreciate their validation of our company and its operations going forward.”
SolarEdge takes a unique and innovative approach to boosting PV system output. SolarEdge’s system, which comprises of power optimizers which are per-module power optimizers, a solar inverter, and module-level solar monitoring software, allows for an increase of up to 25% more energy production from any PV installation. The SolarEdge power optimizers perform MPPT per individual panel while monitoring the performance of each panel and communicating across existing power lines. Moreover, power optimizers always maintain a fixed DC string voltage, allowing optimal efficiency of the SolarEdge PV inverter, which is tailor made to work with power optimizers. As a result, the SolarEdge system provides more power from any given installation, eliminates design constraints, provides complete panel-level and whole-system visibility for monitoring and maintenance alerts, solves all safety hazards and provides anti-theft mechanisms, all while reducing the cost of energy.
During the several months leading up to the announcement, Red Herring analyzed hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries which sent in their submissions to qualify for the award. Previous winners of the Red Herring 100 Award include companies such as Google, Yahoo, Skype, Netscape.com, Salesforce.com, YouTube, and Ebay.
SolarEdge is online at www.solaredge.com.
For more information and live demonstrations, visit our booth at Intersolar Europe: Hall B4, Stand 322.
About Red Herring
Red Herring is a global media company uniting the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.
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