February 09, 2011
SolarEdge Technologies, an innovative provider of distributed solar power harvesting and PV monitoring solutions, today announced that it has received the Red Herring Global 100 award. The honor recognizes the leading private companies from North America, Europe, and Asia, celebrating their innovations and technologies across their respective industries.
“We are honored to have been distinguished with the prestigious Red Herring’s Global 100 Award,” says Guy Sella, CEO, Chairman and co-founder of SolarEdge. ”Our winning summarizes a very successful year with the launch of our mass production, sales of over 50 megawatt of energy maximizing systems in 25 countries and significant growth in our customer base. The award validates once again the company’s leadership in the growing photovoltaic Power Optimization market, and we are proud of the recognition granted to our products’ innovation and quality."
”Red Herring’s Global 100 list has become a mark of distinction for identifying promising companies. Red Herring editors were among the first to recognize that companies such as Google, Skype, Netscape, Salesforce.com, YouTube, eBay and many others would change the way we live and work. Choosing the best out of the previous three years was by no means a small feat,” said Alex Vieux, Chairman of Red Herring. “After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. SolarEdge Technologies should be extremely proud of its achievement, the competition was difficult.”
Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.
SolarEdge provides end-to-end distributed solar power harvesting and PV monitoring solutions, allowing maximum energy production for faster return on investment. The SolarEdge power optimizers are DC-DC power optimizers that perform MPPT per individual panel while monitoring performance of each panel and communicating across existing power lines. Moreover, power optimizers 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 optimal power, eliminates design constraints, provides comprehensive panel-level and whole-system visibility for monitoring and maintenance alerts, addressed safety hazards and provides anti-theft mechanisms. The company works with industry-leading partners to embed its active electronics directly into PV panels. SolarEdge is online at www.solaredge.com
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