Solar panels with direct DC/AC inverter from Enecsys UK for U.S
Post date: May 11, 2011 8:05:29 PM
Coming to America: U.K. Solar Microinverter Startup Enecsys
£25 million - $41 millionin equity raised
to essentially try to conquer North America
work on product, boost sales in the U.S. and Canada.
Competition: Enphase Energy
The leader of the U.S. solar microinverter market, Enphase Energy, needs to watch its back. On Tuesday U.K. startup Enecsys announced that it’s raised £25 million ($41 million) in equity to essentially try to conquer North America (work on product, boost sales in the U.S. and Canada).
Microinverters
are mini, distributed versions of centralized large solar inverters, which convert electricity from solar panels from direct current to alternating current in order to be used on site or feed the grid. Each microinverter is typically paired with one panel.
Enecsys
started its life out of the labs at Cambridge University in 2003 and launched its first product in Europe last year
Good Energies Investor
Climate Change Capital Private Equity became a new investor in Enecsys by putting in £11 million ($18 million) in the new round. The rest of the money came from existing investors, Wellington Partners, NES Partners and Good Energies, who collectively put up £8.5 million ($14.3 million) for Series A in 2009.
source: gigaom.com/cleantech
Related:
CleanEquity Monaco 2011
