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. Centralized inverters have been used for decades and each can perform the job for an array of panels at a time, while the market for microinverters is newer and growing rapidly.
Enecsys started its life out of the labs at Cambridge University in 2003 and launched its first product in Europe last year, Peter Mathews, vice president of North America sales, told me recently. While Enecsys says it is the only supplier of microinverters in Europe now, the company is just now crossing the pond with its microinverters for North America.
Monday, 9 May 2011
Coming to America: U.K. Solar Microinverter Startup Enecsys: Cleantech News and Analysis «
via gigaom.com
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