Enecsys adds investment to boost solar micro-inverter development - Embedded.com

Enecsys adds investment to boost solar micro-inverter development

LONDON — Solar photovoltaic (PV) micro-inverter manufacturer Enecsys Ltd. (Cambridge, UK), has attracted further investment of £2.5 million (about $4.2 million) from Good Energies, a global investor in renewable energy and energy efficiency industries.

This new investment adds to the £6 million (about $10 million) received from Wellington Partners and BankInvest in June 2009 for a total investment of £8.5 million (about $14.3 million) in Enecsys.

Micro-inverter architectures increase energy harvesting from solar PV systems, reduce installation and maintenance costs and eliminate the risk related to high voltage dc, enabling mass market deployment of solar PV.

Enecsys is due make its first product announcement in early 2010. The company’s micro-inverter technology promises lowest lifetime costs, highest reliability and faster, easier installation of solar PV systems.

The company’s solar micro-inverter technology was originally developed at Cambridge University.

Founded in 2001, Good Energies manages the renewable energy portfolio of COFRA, a family owned and managed group of companies. The firm operates globally from offices in London, New York, Toronto, Washington, DC, and Zug, Switzerland.

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