Cambridge, UK [RenewableEnergyWorld.com] Enecsys Limited, a manufacturer of solar photovoltaic (PV) micro-inverters, has received an investment of £2.5 million [US $4.2 million] from Good Energies. This new investment adds to the £6M [$10 million] received from Wellington Partners and BankInvest in June 2009 for a total investment of £8.5 million ($14.3 million) in Enecsys. Enecsys will make its first product announcement in early 2010.
“Good Energies invests in companies that significantly accelerate the clean-energy transition and that possess clear technology differentiation. 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,” said Paul Engle, Enecsys’ CEO. “We believe this partnership brings unparalleled insight and expertise into the industry and positions Enecsys to become a global leader in solar inverters.”
The micro-inverter/MPPT space is expected to grow to more $700 million in the next five years.
RenewableEnergyWorld.com’s Graham Jesmer looked into the market, what technologies are out there and where the market is expected to go in the story Solar Power Optimizers Gaining Market Share. Click here to read more.